Skyworks Solutions (SWKS) Downgraded by ValuEngine

ValuEngine lowered shares of Skyworks Solutions (NASDAQ:SWKS) from a sell rating to a strong sell rating in a research report released on Wednesday.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity reaffirmed a buy rating and set a $115.00 price target on shares of Skyworks Solutions in a research report on Friday, July 20th. BMO Capital Markets reaffirmed a buy rating and set a $115.00 price target on shares of Skyworks Solutions in a research report on Friday, July 20th. DA Davidson cut their price target on shares of Skyworks Solutions to $125.00 and set a buy rating on the stock in a research report on Friday, July 20th. B. Riley upped their price target on shares of Skyworks Solutions from $116.00 to $125.00 and gave the company a buy rating in a research report on Friday, July 20th. Finally, Craig Hallum reaffirmed a buy rating and set a $120.00 price target (up previously from $115.00) on shares of Skyworks Solutions in a research report on Friday, July 20th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $114.84.

Shares of Skyworks Solutions stock opened at $87.73 on Wednesday. The firm has a market capitalization of $15.10 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 0.93 and a beta of 0.57. Skyworks Solutions has a twelve month low of $83.05 and a twelve month high of $117.65.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, July 19th. The semiconductor manufacturer reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.04. The business had revenue of $894.30 million for the quarter, compared to analysts’ expectations of $889.00 million. Skyworks Solutions had a net margin of 23.78% and a return on equity of 30.31%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.57 earnings per share. analysts forecast that Skyworks Solutions will post 6.61 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 28th. Stockholders of record on Tuesday, August 7th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, August 6th. This represents a $1.52 annualized dividend and a dividend yield of 1.73%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.32. Skyworks Solutions’s dividend payout ratio is currently 25.42%.

In other news, Director David J. Aldrich sold 3,000 shares of the company’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $88.78, for a total transaction of $266,340.00. Following the transaction, the director now owns 145,252 shares in the company, valued at $12,895,472.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David J. Aldrich sold 10,000 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $93.03, for a total transaction of $930,300.00. Following the transaction, the director now owns 152,252 shares in the company, valued at approximately $14,164,003.56. The disclosure for this sale can be found here. Insiders have sold 33,000 shares of company stock worth $3,084,740 in the last quarter. Company insiders own 0.47% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in SWKS. Signaturefd LLC acquired a new position in shares of Skyworks Solutions during the first quarter valued at about $100,000. Catalyst Capital Advisors LLC acquired a new position in shares of Skyworks Solutions during the second quarter valued at about $101,000. Quad Cities Investment Group LLC acquired a new position in shares of Skyworks Solutions during the second quarter valued at about $102,000. Peak Capital Management LLC acquired a new stake in shares of Skyworks Solutions in the 2nd quarter worth about $136,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of Skyworks Solutions in the 2nd quarter worth about $147,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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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Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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