Skyworks Solutions’ (SWKS) “Hold” Rating Reaffirmed at Benchmark

Benchmark reissued their hold rating on shares of Skyworks Solutions (NASDAQ:SWKS) in a research report report published on Wednesday,Benzinga reports.

Other analysts have also recently issued research reports about the stock. Bank of America upped their target price on shares of Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Wednesday, July 31st. Piper Sandler cut their target price on Skyworks Solutions from $115.00 to $95.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Mizuho reduced their target price on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a report on Wednesday. Craig Hallum increased their price target on shares of Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Barclays cut shares of Skyworks Solutions from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $115.00 to $87.00 in a report on Thursday, October 10th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $101.00.

Skyworks Solutions Stock Performance

Skyworks Solutions stock opened at $83.69 on Wednesday. Skyworks Solutions has a 12-month low of $82.13 and a 12-month high of $120.86. The stock has a market capitalization of $13.37 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 1.53 and a beta of 1.21. The company has a quick ratio of 4.29, a current ratio of 3.01 and a debt-to-equity ratio of 0.16. The stock has a 50-day simple moving average of $95.14 and a 200 day simple moving average of $100.20.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $1.95 earnings per share. The firm’s quarterly revenue was down 15.9% on a year-over-year basis. On average, research analysts anticipate that Skyworks Solutions will post 5.39 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is currently 75.68%.

Insider Transactions at Skyworks Solutions

In other news, SVP Robert John Terry sold 1,821 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $90.16, for a total transaction of $164,181.36. Following the sale, the senior vice president now owns 24,567 shares in the company, valued at $2,214,960.72. This represents a 6.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the sale, the senior vice president now owns 37,203 shares of the company’s stock, valued at approximately $3,793,589.91. This represents a 20.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,841 shares of company stock valued at $3,034,265 in the last ninety days. 0.34% of the stock is currently owned by corporate insiders.

Institutional Trading of Skyworks Solutions

A number of hedge funds have recently made changes to their positions in the business. Innealta Capital LLC acquired a new position in shares of Skyworks Solutions during the 2nd quarter worth approximately $27,000. Rothschild Investment LLC bought a new position in Skyworks Solutions during the second quarter worth $27,000. Erste Asset Management GmbH acquired a new position in shares of Skyworks Solutions in the third quarter valued at $27,000. Investors Research Corp raised its position in shares of Skyworks Solutions by 167.7% in the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 213 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Skyworks Solutions by 79.7% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 149 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Company Profile

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.