Skyworks Solutions, Inc. (NASDAQ:SWKS) Given Average Recommendation of "Reduce" by Analysts

Key Points

• Skyworks Solutions, Inc. has received an average analyst rating of "Reduce", with four analysts recommending a sell, thirteen a hold, and one a buy.
• The company announced a quarterly dividend increase to $0.71 per share, representing an annual yield of 3.9% and a payout ratio of 112%.
• Skyworks reported $1.33 EPS for the latest quarter, exceeding expectations and reflecting a 6.6% year-over-year revenue growth to $965 million.

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) have earned an average rating of "Reduce" from the eighteen ratings firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $72.8667.

Several brokerages have recently commented on SWKS. UBS Group upped their price objective on shares of Skyworks Solutions from $65.00 to $75.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. Mizuho upped their price objective on shares of Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Wall Street Zen raised shares of Skyworks Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Barclays upped their price objective on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research note on Thursday, May 8th.

Hedge Funds Weigh In On Skyworks Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Park Place Capital Corp increased its stake in shares of Skyworks Solutions by 62.1% during the second quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 141 shares in the last quarter. Horizon Investments LLC grew its holdings in shares of Skyworks Solutions by 2.8% during the first quarter. Horizon Investments LLC now owns 5,395 shares of the semiconductor manufacturer's stock valued at $349,000 after buying an additional 146 shares during the last quarter. Keeley Teton Advisors LLC grew its holdings in shares of Skyworks Solutions by 1.1% during the first quarter. Keeley Teton Advisors LLC now owns 16,958 shares of the semiconductor manufacturer's stock valued at $1,096,000 after buying an additional 178 shares during the last quarter. Ridgewood Investments LLC grew its holdings in shares of Skyworks Solutions by 27.9% during the first quarter. Ridgewood Investments LLC now owns 861 shares of the semiconductor manufacturer's stock valued at $56,000 after buying an additional 188 shares during the last quarter. Finally, Inspire Advisors LLC grew its holdings in shares of Skyworks Solutions by 1.3% during the first quarter. Inspire Advisors LLC now owns 14,732 shares of the semiconductor manufacturer's stock valued at $952,000 after buying an additional 194 shares during the last quarter. Institutional investors own 85.43% of the company's stock.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $73.65 on Thursday. The company has a 50-day simple moving average of $72.81 and a two-hundred day simple moving average of $69.22. The company has a quick ratio of 1.80, a current ratio of 2.39 and a debt-to-equity ratio of 0.09. Skyworks Solutions has a 12-month low of $47.93 and a 12-month high of $110.76. The firm has a market cap of $10.93 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 1.61 and a beta of 1.13.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.09. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. The business had revenue of $965.00 million during the quarter, compared to analyst estimates of $940.00 million. During the same period in the prior year, the business posted $1.21 earnings per share. The company's revenue was up 6.6% on a year-over-year basis. On average, equities analysts forecast that Skyworks Solutions will post 3.7 EPS for the current year.

Skyworks Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Tuesday, August 26th will be paid a dividend of $0.71 per share. This is a positive change from Skyworks Solutions's previous quarterly dividend of $0.70. This represents a $2.84 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, August 26th. Skyworks Solutions's payout ratio is 112.00%.

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.

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