Skyworks Solutions (NASDAQ:SWKS) Rating Reiterated by Charter Equity

Share on StockTwits

Charter Equity reissued their hold rating on shares of Skyworks Solutions (NASDAQ:SWKS) in a report published on Monday, AnalystRatings.com reports.

SWKS has been the subject of several other reports. Raymond James upgraded Skyworks Solutions from a market perform rating to an outperform rating and set a $90.00 price target for the company in a report on Thursday, July 18th. UBS Group lowered their price target on Skyworks Solutions from $93.00 to $77.00 and set a neutral rating for the company in a report on Wednesday, May 22nd. Barclays downgraded Skyworks Solutions from an overweight rating to an equal weight rating and increased their price target for the company from $75.00 to $80.00 in a report on Thursday, July 18th. Piper Jaffray Companies lowered their price target on Skyworks Solutions from $100.00 to $90.00 and set an overweight rating for the company in a report on Wednesday, June 5th. Finally, BidaskClub downgraded Skyworks Solutions from a buy rating to a hold rating in a report on Saturday, August 10th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $86.40.

Shares of NASDAQ SWKS opened at $76.30 on Monday. Skyworks Solutions has a 12-month low of $60.12 and a 12-month high of $94.39. The firm has a market cap of $13.51 billion, a P/E ratio of 11.51, a P/E/G ratio of 1.44 and a beta of 1.02. The firm has a fifty day moving average of $80.72.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.14. Skyworks Solutions had a return on equity of 26.60% and a net margin of 26.10%. The firm had revenue of $767.00 million during the quarter, compared to the consensus estimate of $767.71 million. During the same period in the prior year, the firm earned $1.64 EPS. The firm’s quarterly revenue was down 14.2% compared to the same quarter last year. On average, analysts predict that Skyworks Solutions will post 5.68 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th will be paid a dividend of $0.44 per share. The ex-dividend date is Monday, August 26th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.38. This represents a $1.76 annualized dividend and a dividend yield of 2.31%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 22.93%.

In other news, Director Timothy R. Furey sold 2,500 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $73.51, for a total transaction of $183,775.00. Following the transaction, the director now owns 24,324 shares of the company’s stock, valued at $1,788,057.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter L. Gammel sold 2,250 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $73.36, for a total transaction of $165,060.00. Following the transaction, the insider now directly owns 11,490 shares in the company, valued at approximately $842,906.40. The disclosure for this sale can be found here. Insiders have sold 49,750 shares of company stock valued at $3,984,835 over the last 90 days. Insiders own 0.64% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Harfst & Associates Inc. lifted its holdings in Skyworks Solutions by 10.6% in the second quarter. Harfst & Associates Inc. now owns 7,516 shares of the semiconductor manufacturer’s stock worth $580,000 after acquiring an additional 721 shares during the last quarter. Morgan Stanley lifted its holdings in Skyworks Solutions by 8.3% in the second quarter. Morgan Stanley now owns 478,924 shares of the semiconductor manufacturer’s stock worth $37,005,000 after acquiring an additional 36,788 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Skyworks Solutions by 26.4% in the second quarter. AQR Capital Management LLC now owns 3,708,676 shares of the semiconductor manufacturer’s stock worth $286,347,000 after acquiring an additional 775,470 shares during the last quarter. HBK Sorce Advisory LLC lifted its holdings in Skyworks Solutions by 39.4% in the second quarter. HBK Sorce Advisory LLC now owns 5,882 shares of the semiconductor manufacturer’s stock worth $372,000 after acquiring an additional 1,663 shares during the last quarter. Finally, Sandler Capital Management bought a new position in Skyworks Solutions in the second quarter worth about $309,000. 81.08% of the stock is currently owned by institutional investors and hedge funds.

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, antenna tuners, 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 locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

Read More: What is channel trading?

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Family Management Corp Grows Stake in FedEx Co.
Family Management Corp Grows Stake in FedEx Co.
Blackrock Muniyield Insured Fund Inc.  Stake Lifted by Family Management Corp
Blackrock Muniyield Insured Fund Inc. Stake Lifted by Family Management Corp
Family Management Corp Grows Stock Holdings in iShares Core S&P Small-Cap ETF
Family Management Corp Grows Stock Holdings in iShares Core S&P Small-Cap ETF
Walt Disney Co  Shares Sold by Family Management Corp
Walt Disney Co Shares Sold by Family Management Corp
Family Management Corp Has $2.66 Million Position in SPDR S&P 500 ETF Trust
Family Management Corp Has $2.66 Million Position in SPDR S&P 500 ETF Trust
Pimco Total Return ETF  is Family Management Corp’s 3rd Largest Position
Pimco Total Return ETF is Family Management Corp’s 3rd Largest Position


© 2006-2019 Ticker Report