Skyworks Solutions, Inc. (NASDAQ:SWKS) Receives $115.10 Consensus Target Price from Analysts

Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) has been given an average recommendation of "Hold" by the fifteen research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $115.10.

A number of research firms have weighed in on SWKS. Mizuho boosted their target price on shares of Skyworks Solutions from $108.00 to $125.00 and gave the stock a "buy" rating in a research report on Monday, December 18th. Rosenblatt Securities reissued a "buy" rating and set a $130.00 target price on shares of Skyworks Solutions in a research report on Wednesday, January 31st. TD Cowen boosted their target price on shares of Skyworks Solutions from $115.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 31st. Piper Sandler reissued a "neutral" rating and set a $90.00 target price on shares of Skyworks Solutions in a research report on Thursday, January 4th. Finally, Susquehanna boosted their target price on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a "positive" rating in a research report on Wednesday, January 31st.

Institutional Trading of Skyworks Solutions

Several large investors have recently added to or reduced their stakes in SWKS. BOKF NA grew its stake in shares of Skyworks Solutions by 113.8% during the fourth quarter. BOKF NA now owns 233 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 124 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of Skyworks Solutions during the fourth quarter valued at approximately $26,000. Fortis Capital Advisors LLC bought a new stake in shares of Skyworks Solutions during the fourth quarter valued at approximately $27,000. Tyler Stone Wealth Management bought a new stake in shares of Skyworks Solutions during the second quarter valued at approximately $29,000. Finally, Global Wealth Management Investment Advisory Inc. grew its stake in shares of Skyworks Solutions by 98.1% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer's stock valued at $31,000 after purchasing an additional 155 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Stock Down 1.2 %

Shares of SWKS stock traded down $1.28 on Monday, hitting $107.04. The company's stock had a trading volume of 2,229,734 shares, compared to its average volume of 2,386,236. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.02 and a quick ratio of 3.51. Skyworks Solutions has a fifty-two week low of $85.06 and a fifty-two week high of $117.73. The firm's fifty day moving average price is $105.06 and its 200-day moving average price is $101.21. The stock has a market capitalization of $17.15 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 2.00 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, topping analysts' consensus estimates of $1.95 by $0.02. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The business's revenue was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.33 EPS. Research analysts anticipate that Skyworks Solutions will post 5.68 EPS for the current year.

Skyworks Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were paid a $0.68 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a yield of 2.54%. Skyworks Solutions's payout ratio is currently 48.23%.

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.