Skyworks Solutions, Inc. (NASDAQ:SWKS) Receives $78.29 Consensus Target Price from Analysts

Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the twenty research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $78.29.

A number of equities analysts have recently weighed in on SWKS shares. JPMorgan Chase & Co. lowered their target price on Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Stifel Nicolaus upped their price objective on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a report on Thursday, May 8th. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. UBS Group decreased their target price on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, Barclays upped their target price on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a report on Thursday, May 8th.

Institutional Investors Weigh In On Skyworks Solutions

A number of hedge funds have recently made changes to their positions in the business. Horizon Investments LLC grew its position in Skyworks Solutions by 2.8% during the 1st quarter. Horizon Investments LLC now owns 5,395 shares of the semiconductor manufacturer's stock worth $349,000 after acquiring an additional 146 shares during the last quarter. Legacy Financial Advisors Inc. lifted its position in Skyworks Solutions by 2.5% in the fourth quarter. Legacy Financial Advisors Inc. now owns 6,383 shares of the semiconductor manufacturer's stock valued at $566,000 after purchasing an additional 156 shares during the last quarter. Motley Fool Asset Management LLC boosted its stake in shares of Skyworks Solutions by 7.5% during the fourth quarter. Motley Fool Asset Management LLC now owns 2,355 shares of the semiconductor manufacturer's stock valued at $209,000 after purchasing an additional 165 shares during the period. Principal Securities Inc. grew its holdings in shares of Skyworks Solutions by 7.5% in the fourth quarter. Principal Securities Inc. now owns 2,404 shares of the semiconductor manufacturer's stock worth $213,000 after purchasing an additional 167 shares during the last quarter. Finally, PAX Financial Group LLC grew its holdings in shares of Skyworks Solutions by 0.8% in the fourth quarter. PAX Financial Group LLC now owns 21,979 shares of the semiconductor manufacturer's stock worth $1,949,000 after purchasing an additional 168 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

Skyworks Solutions Trading Up 0.2%

SWKS stock traded up $0.15 during mid-day trading on Wednesday, reaching $74.80. The company's stock had a trading volume of 3,796,458 shares, compared to its average volume of 3,037,353. Skyworks Solutions has a 12 month low of $47.93 and a 12 month high of $120.86. The company has a current ratio of 4.95, a quick ratio of 3.84 and a debt-to-equity ratio of 0.17. The business's 50 day moving average price is $69.31 and its 200 day moving average price is $73.16. The company has a market cap of $11.23 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 1.87 and a beta of 1.16.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. The company had revenue of $953.20 million for the quarter, compared to the consensus estimate of $951.50 million. Skyworks Solutions had a net margin of 10.43% and a return on equity of 11.53%. Skyworks Solutions's quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.55 EPS. On average, equities research analysts predict that Skyworks Solutions will post 3.7 EPS for the current year.

Skyworks Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th were paid a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a yield of 3.74%. Skyworks Solutions's dividend payout ratio (DPR) is presently 109.80%.

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.