Skyworks Solutions (NASDAQ:SWKS) Price Target Increased to $125.00 by Analysts at Stifel Nicolaus

Skyworks Solutions (NASDAQ:SWKS) had its price objective hoisted by Stifel Nicolaus from $112.00 to $125.00 in a report issued on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the semiconductor manufacturer’s stock.

A number of other research analysts have also recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set an equal weight rating for the company in a report on Wednesday, May 1st. TD Cowen increased their target price on Skyworks Solutions from $90.00 to $110.00 and gave the company a hold rating in a research report on Wednesday. UBS Group reduced their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set a neutral rating for the company in a research report on Wednesday, May 1st. Robert W. Baird increased their price objective on shares of Skyworks Solutions from $90.00 to $108.00 and gave the company a neutral rating in a report on Wednesday. Finally, Barclays upped their price target on shares of Skyworks Solutions from $85.00 to $115.00 and gave the stock an equal weight rating in a research report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Skyworks Solutions has a consensus rating of Hold and an average target price of $113.94.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS opened at $104.70 on Wednesday. Skyworks Solutions has a fifty-two week low of $85.06 and a fifty-two week high of $120.86. The company has a market cap of $16.72 billion, a PE ratio of 19.68, a P/E/G ratio of 5.13 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.81 and a current ratio of 5.75. The business has a 50-day simple moving average of $105.55 and a two-hundred day simple moving average of $103.31.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, hitting analysts’ consensus estimates of $1.21. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The company had revenue of $905.50 million during the quarter, compared to analysts’ expectations of $900.41 million. During the same quarter in the previous year, the firm posted $1.50 EPS. The firm’s revenue was down 15.5% compared to the same quarter last year. As a group, equities analysts expect that Skyworks Solutions will post 5.14 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.67%. Skyworks Solutions’s payout ratio is 51.13%.

Insider Buying and Selling at Skyworks Solutions

In other news, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total transaction of $49,720.00. Following the completion of the sale, the vice president now directly owns 9,564 shares in the company, valued at $1,052,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Philip Matthew Carter sold 452 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $110.00, for a total value of $49,720.00. Following the sale, the vice president now directly owns 9,564 shares of the company’s stock, valued at $1,052,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert A. Schriesheim sold 25,433 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the completion of the sale, the director now directly owns 60,881 shares of the company’s stock, valued at approximately $5,495,727.87. The disclosure for this sale can be found here. Insiders sold 26,337 shares of company stock valued at $2,399,797 over the last 90 days. 0.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Skyworks Solutions

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Skyworks Solutions by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock worth $2,101,619,000 after purchasing an additional 745,374 shares during the period. Pzena Investment Management LLC increased its stake in shares of Skyworks Solutions by 19.3% in the second quarter. Pzena Investment Management LLC now owns 4,090,292 shares of the semiconductor manufacturer’s stock valued at $435,943,000 after purchasing an additional 661,144 shares during the period. FIL Ltd increased its stake in shares of Skyworks Solutions by 2.4% in the fourth quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock valued at $308,724,000 after purchasing an additional 64,389 shares during the period. Norges Bank bought a new stake in shares of Skyworks Solutions during the fourth quarter valued at approximately $226,266,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Skyworks Solutions by 11.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,806,327 shares of the semiconductor manufacturer’s stock worth $203,093,000 after purchasing an additional 185,355 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

About Skyworks Solutions

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.