Published On: Thu, Sep 15th, 2016

Skyworks Solutions Inc. (SWKS) Rating Reiterated by Pacific Crest

Skyworks Solutions Inc. (NASDAQ:SWKS)‘s stock had its “equal weight” rating reiterated by investment analysts at Pacific Crest in a research report issued to clients and investors on Thursday.
A number of other analysts have also issued reports on SWKS. Credit Agricole SA initiated coverage on Skyworks Solutions in a report on Tuesday, May 24th. They issued an “underperform” rating on the stock. BMO Capital Markets reaffirmed a “market perform” rating and issued a $69.00 target price on shares of Skyworks Solutions in a report on Tuesday, May 31st. Vetr lowered Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $74.14 target price on the stock. in a report on Tuesday, June 7th. B. Riley lowered Skyworks Solutions to a “buy” rating in a report on Monday, June 13th. Finally, Brean Capital reaffirmed a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Skyworks Solutions currently has an average rating of “Buy” and a consensus price target of $84.83.
Skyworks Solutions (NASDAQ:SWKS) traded up 6.09% during trading on Thursday, reaching $76.81. The company had a trading volume of 4,066,921 shares. The company has a market capitalization of $14.40 billion, a P/E ratio of 15.21 and a beta of 1.15. Skyworks Solutions has a 12 month low of $54.50 and a 12 month high of $92.63. The stock has a 50 day moving average of $70.00 and a 200-day moving average of $69.09.

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Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Thursday, July 21st. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.03. The business had revenue of $751.70 million for the quarter, compared to analyst estimates of $750.22 million. Skyworks Solutions had a return on equity of 29.31% and a net margin of 29.32%. Equities research analysts expect that Skyworks Solutions will post $5.53 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 4th were issued a dividend of $0.28 per share. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Tuesday, August 2nd. Skyworks Solutions’s payout ratio is currently 22.18%.
In other Skyworks Solutions news, Chairman David J. Aldrich sold 15,000 shares of the business’s stock in a transaction on Tuesday, June 28th. The shares were sold at an average price of $60.21, for a total value of $903,150.00. Following the completion of the sale, the chairman now directly owns 145,327 shares of the company’s stock, valued at $8,750,138.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy R. Furey sold 5,000 shares of the business’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $74.87, for a total transaction of $374,350.00. Following the completion of the sale, the director now directly owns 34,947 shares of the company’s stock, valued at $2,616,481.89. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Skyworks Solutions by 568.4% in the first quarter. JPMorgan Chase & Co. now owns 849,066 shares of the semiconductor manufacturer’s stock valued at $66,142,000 after buying an additional 1,030,325 shares in the last quarter. Investment Centers of America Inc. increased its stake in Skyworks Solutions by 8.0% in the first quarter. Investment Centers of America Inc. now owns 10,873 shares of the semiconductor manufacturer’s stock valued at $847,000 after buying an additional 807 shares in the last quarter. Southpoint Capital Advisors LP acquired a new stake in Skyworks Solutions during the first quarter valued at $27,265,000. Calvert Investment Management Inc. increased its stake in Skyworks Solutions by 5.0% in the second quarter. Calvert Investment Management Inc. now owns 10,114 shares of the semiconductor manufacturer’s stock valued at $640,000 after buying an additional 480 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its stake in Skyworks Solutions by 43.7% in the first quarter. Koshinski Asset Management Inc. now owns 6,769 shares of the semiconductor manufacturer’s stock valued at $527,000 after buying an additional 2,058 shares in the last quarter. 76.67% of the stock is owned by institutional investors and hedge funds.
About Skyworks Solutions
Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.

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