Skyworks Solutions (SWKS) Given New $105.00 Price Target at Craig Hallum

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Skyworks Solutions (NASDAQ:SWKS) had its price target decreased by Craig Hallum from $120.00 to $105.00 in a research report sent to investors on Friday, MarketBeat.com reports. Craig Hallum currently has a buy rating on the semiconductor manufacturer’s stock.

Several other research firms have also recently issued reports on SWKS. Oppenheimer decreased their price target on Skyworks Solutions from $120.00 to $110.00 and set an outperform rating on the stock in a report on Friday. Charter Equity reiterated a market perform rating on shares of Skyworks Solutions in a report on Friday. Cowen reiterated a hold rating on shares of Skyworks Solutions in a report on Friday. BidaskClub cut Skyworks Solutions from a sell rating to a strong sell rating in a report on Friday, August 17th. Finally, Barclays decreased their price target on Skyworks Solutions from $120.00 to $105.00 and set an overweight rating on the stock in a report on Tuesday, October 23rd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have assigned a buy rating to the stock. Skyworks Solutions presently has a consensus rating of Hold and a consensus price target of $107.79.

Shares of NASDAQ:SWKS traded down $6.74 during midday trading on Friday, reaching $76.66. The company’s stock had a trading volume of 8,436,241 shares, compared to its average volume of 1,960,861. Skyworks Solutions has a fifty-two week low of $75.15 and a fifty-two week high of $115.98. The firm has a market cap of $14.79 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 0.82 and a beta of 0.64.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, November 8th. The semiconductor manufacturer reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.02. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. Skyworks Solutions had a return on equity of 30.31% and a net margin of 23.78%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.82 earnings per share. On average, analysts predict that Skyworks Solutions will post 7.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Tuesday, November 27th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Monday, November 26th. Skyworks Solutions’s dividend payout ratio is presently 22.93%.

In other Skyworks Solutions news, Director David J. Aldrich sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $86.25, for a total transaction of $258,750.00. Following the transaction, the director now owns 144,251 shares of the company’s stock, valued at approximately $12,441,648.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David J. Aldrich sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $92.89, for a total value of $928,900.00. Following the transaction, the director now directly owns 152,252 shares in the company, valued at approximately $14,142,688.28. The disclosure for this sale can be found here. In the last three months, insiders sold 34,500 shares of company stock worth $3,126,050. 0.47% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the business. Vulcan Value Partners LLC increased its position in shares of Skyworks Solutions by 21.8% during the 2nd quarter. Vulcan Value Partners LLC now owns 6,581,779 shares of the semiconductor manufacturer’s stock worth $636,129,000 after purchasing an additional 1,179,670 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Skyworks Solutions by 6.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,072,364 shares of the semiconductor manufacturer’s stock worth $296,944,000 after purchasing an additional 185,039 shares during the last quarter. LSV Asset Management boosted its stake in shares of Skyworks Solutions by 3,665.0% during the 3rd quarter. LSV Asset Management now owns 1,852,400 shares of the semiconductor manufacturer’s stock worth $168,031,000 after acquiring an additional 1,803,200 shares during the period. Manning & Napier Group LLC boosted its stake in shares of Skyworks Solutions by 2.0% during the 2nd quarter. Manning & Napier Group LLC now owns 1,451,579 shares of the semiconductor manufacturer’s stock worth $140,293,000 after acquiring an additional 28,220 shares during the period. Finally, FMR LLC boosted its stake in shares of Skyworks Solutions by 22.6% during the 3rd quarter. FMR LLC now owns 1,434,635 shares of the semiconductor manufacturer’s stock worth $130,136,000 after acquiring an additional 264,346 shares during the period. 80.71% of the stock is currently owned by hedge funds and other institutional investors.

About Skyworks Solutions

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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