Shares of Skyworks Solutions (NASDAQ:SWKS) have received a consensus recommendation of “Buy” from the thirty-one ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-four have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $117.26.
Several equities analysts have recently weighed in on SWKS shares. Piper Jaffray Companies reissued a “buy” rating and issued a $115.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, December 27th. Vetr lowered shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $108.40 price objective on the stock. in a research report on Wednesday, January 3rd. Canaccord Genuity reissued a “buy” rating and issued a $115.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, January 24th. Drexel Hamilton reissued a “buy” rating and issued a $128.00 price objective on shares of Skyworks Solutions in a research report on Monday, February 5th. Finally, UBS raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, February 6th.
In other Skyworks Solutions news, insider Peter L. Gammel sold 7,800 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $100.60, for a total transaction of $784,680.00. Following the sale, the insider now directly owns 12,680 shares in the company, valued at $1,275,608. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Peter L. Gammel sold 10,750 shares of the stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $111.21, for a total transaction of $1,195,507.50. Following the sale, the insider now owns 18,670 shares in the company, valued at $2,076,290.70. The disclosure for this sale can be found here. Insiders have sold 96,050 shares of company stock worth $10,415,738 over the last quarter. Corporate insiders own 0.49% of the company’s stock.
SWKS stock opened at $101.41 on Friday. The firm has a market cap of $19,793.91, a PE ratio of 23.00, a PEG ratio of 1.08 and a beta of 0.55. Skyworks Solutions has a 1 year low of $93.05 and a 1 year high of $117.65.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.09. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Skyworks Solutions had a net margin of 21.72% and a return on equity of 30.21%. The company’s revenue was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.61 earnings per share. equities analysts anticipate that Skyworks Solutions will post 6.67 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, February 22nd were paid a dividend of $0.32 per share. The ex-dividend date was Wednesday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 1.26%. Skyworks Solutions’s payout ratio is 29.03%.
Skyworks Solutions announced that its Board of Directors has initiated a share repurchase program on Monday, February 5th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.
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Skyworks Solutions Company Profile
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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