Skyworks Solutions (NASDAQ:SWKS) Coverage Initiated by Analysts at Loop Capital

Loop Capital assumed coverage on shares of Skyworks Solutions (NASDAQ:SWKS) in a research note released on Monday, Marketbeat Ratings reports. The brokerage issued a hold rating and a $90.00 price objective on the semiconductor manufacturer’s stock.

Several other equities analysts have also recently weighed in on SWKS. Craig Hallum lifted their price objective on Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Susquehanna cut their price objective on shares of Skyworks Solutions from $125.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, October 21st. The Goldman Sachs Group raised shares of Skyworks Solutions to a “hold” rating in a report on Wednesday, July 31st. Rosenblatt Securities increased their price target on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Skyworks Solutions from $105.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Three investment 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, Skyworks Solutions presently has an average rating of “Hold” and a consensus price target of $101.00.

Skyworks Solutions Stock Up 1.0 %

SWKS stock opened at $84.00 on Monday. The business’s fifty day moving average price is $95.44 and its two-hundred day moving average price is $100.37. The stock has a market capitalization of $13.42 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 3.95 and a beta of 1.21. Skyworks Solutions has a fifty-two week low of $82.13 and a fifty-two week high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.73%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the company earned $1.95 EPS. The business’s revenue was down 15.9% on a year-over-year basis. On average, equities analysts anticipate that Skyworks Solutions will post 5.39 earnings per share for the current year.

Skyworks Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.70 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 annualized dividend and a yield of 3.33%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 75.68%.

Insider Activity at Skyworks Solutions

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

Hedge Funds Weigh In On Skyworks Solutions

Several institutional investors have recently added to or reduced their stakes in SWKS. Kestra Investment Management LLC purchased a new position in Skyworks Solutions in the third quarter valued at about $463,000. Erste Asset Management GmbH purchased a new position in Skyworks Solutions in the third quarter valued at approximately $27,000. ARGA Investment Management LP grew its holdings in Skyworks Solutions by 1.3% during the third quarter. ARGA Investment Management LP now owns 306,299 shares of the semiconductor manufacturer’s stock valued at $30,253,000 after purchasing an additional 3,927 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in Skyworks Solutions by 12.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 178,455 shares of the semiconductor manufacturer’s stock worth $17,626,000 after buying an additional 20,000 shares during the last quarter. Finally, PDT Partners LLC bought a new stake in shares of Skyworks Solutions in the third quarter valued at $1,926,000. Institutional investors own 85.43% of the company’s stock.

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.