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

Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) has earned an average recommendation of "Hold" from the fourteen ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $115.10.

Several equities research analysts have recently commented on the company. B. Riley boosted their price objective on Skyworks Solutions from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Wednesday, January 31st. TD Cowen lifted their target price on Skyworks Solutions from $115.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, January 31st. KeyCorp downgraded Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a report on Monday, April 8th. Piper Sandler reiterated a "neutral" rating and set a $90.00 price target on shares of Skyworks Solutions in a report on Thursday, January 4th. Finally, Susquehanna upped their price target on Skyworks Solutions from $120.00 to $125.00 and gave the stock a "positive" rating in a report on Wednesday, January 31st.

Skyworks Solutions Trading Up 1.3 %

SWKS stock traded up $1.35 during mid-day trading on Friday, reaching $104.30. The company's stock had a trading volume of 1,578,058 shares, compared to its average volume of 2,289,908. The company has a market cap of $16.71 billion, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 1.87 and a beta of 1.37. The business's 50 day moving average price is $104.07 and its 200 day moving average price is $101.78. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a 12 month low of $85.06 and a 12 month high of $115.69.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, beating the consensus estimate of $1.95 by $0.02. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The company's quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.33 earnings per share. On average, equities research analysts predict that Skyworks Solutions will post 5.65 EPS for the current year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 annualized dividend and a dividend yield of 2.61%. Skyworks Solutions's payout ratio is 48.23%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Safeguard Investment Advisory Group LLC lifted its holdings in Skyworks Solutions by 0.6% during the 4th quarter. Safeguard Investment Advisory Group LLC now owns 15,694 shares of the semiconductor manufacturer's stock worth $1,764,000 after purchasing an additional 99 shares in the last quarter. Albert D Mason Inc. lifted its holdings in Skyworks Solutions by 0.7% during the 1st quarter. Albert D Mason Inc. now owns 14,591 shares of the semiconductor manufacturer's stock worth $1,581,000 after purchasing an additional 99 shares in the last quarter. John G Ullman & Associates Inc. lifted its holdings in Skyworks Solutions by 3.1% during the 4th quarter. John G Ullman & Associates Inc. now owns 3,300 shares of the semiconductor manufacturer's stock worth $371,000 after purchasing an additional 100 shares in the last quarter. Lcnb Corp lifted its holdings in Skyworks Solutions by 2.4% during the 4th quarter. Lcnb Corp now owns 4,355 shares of the semiconductor manufacturer's stock worth $490,000 after purchasing an additional 100 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Skyworks Solutions by 7.3% during the 1st quarter. GAMMA Investing LLC now owns 1,535 shares of the semiconductor manufacturer's stock worth $166,000 after purchasing an additional 104 shares in the last quarter. 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.