Analysts Set Skyworks Solutions, Inc. (NASDAQ:SWKS) Price Target at $78.29

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKSGet Free Report) have been given a consensus rating of “Reduce” by the twenty analysts that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $78.29.

Several brokerages have issued reports on SWKS. Stifel Nicolaus raised their price objective on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. decreased their target price on shares of Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Barclays boosted their price objective on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an “underweight” rating in a research note on Thursday, May 8th. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Finally, UBS Group dropped their price objective on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th.

Get Our Latest Report on SWKS

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in Skyworks Solutions in the 4th quarter valued at $228,646,000. Pzena Investment Management LLC increased its position in shares of Skyworks Solutions by 37.9% in the first quarter. Pzena Investment Management LLC now owns 7,762,896 shares of the semiconductor manufacturer’s stock valued at $501,716,000 after acquiring an additional 2,132,847 shares during the period. Marshall Wace LLP increased its position in shares of Skyworks Solutions by 4,364.4% in the fourth quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer’s stock valued at $126,072,000 after acquiring an additional 1,389,803 shares during the period. Vulcan Value Partners LLC increased its position in shares of Skyworks Solutions by 29.2% in the fourth quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer’s stock valued at $469,162,000 after acquiring an additional 1,194,782 shares during the period. Finally, Invesco Ltd. increased its position in shares of Skyworks Solutions by 31.0% during the first quarter. Invesco Ltd. now owns 4,141,659 shares of the semiconductor manufacturer’s stock valued at $267,675,000 after buying an additional 979,962 shares during the period. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Price Performance

SWKS opened at $74.80 on Wednesday. The company has a quick ratio of 3.84, a current ratio of 4.95 and a debt-to-equity ratio of 0.17. Skyworks Solutions has a 12 month low of $47.93 and a 12 month high of $120.86. The company has a fifty day simple moving average of $69.31 and a 200 day simple moving average of $73.28. The stock has a market cap of $11.23 billion, a P/E ratio of 29.33, a P/E/G ratio of 1.87 and a beta of 1.16.

Skyworks Solutions (NASDAQ:SWKSGet Free Report) last released its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. The firm had revenue of $953.20 million during the quarter, compared to analysts’ expectations of $951.50 million. Skyworks Solutions had a return on equity of 11.53% and a net margin of 10.43%. The company’s revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 EPS. On average, research analysts expect that Skyworks Solutions will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 17th. Stockholders of record on Tuesday, May 27th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Tuesday, May 27th. Skyworks Solutions’s dividend payout ratio is currently 109.80%.

Skyworks Solutions Company Profile

(Get Free Report

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.

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Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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