Today, Brean Capital Reaffirmed Buy Rating for Skyworks Solutions Inc. (SWKS)

Today, Brean Capital Reaffirmed Buy Rating for Skyworks Solutions Inc. (SWKS)

Skyworks Solutions Inc. (NASDAQ:SWKS)‘s stock had its “buy” rating reissued by research analysts at Brean Capital in a research report issued on Monday. They currently have a $85.00 target price on the semiconductor manufacturer’s stock. Brean Capital’s target price would indicate a potential upside of 10.38% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. set a $88.00 price target on Skyworks Solutions and gave the company a “hold” rating in a report on Sunday, November 6th. BMO Capital Markets reaffirmed a “hold” rating and issued a $70.00 price target on shares of Skyworks Solutions in a report on Friday, November 4th. Drexel Hamilton reaffirmed a “buy” rating and issued a $90.00 price target on shares of Skyworks Solutions in a report on Friday, November 4th. Craig Hallum upped their price target on Skyworks Solutions from $85.00 to $90.00 and gave the company a “buy” rating in a report on Friday, November 4th. Finally, Cowen and Company upped their price target on Skyworks Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a report on Friday, November 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have assigned a buy rating to the company. Skyworks Solutions has a consensus rating of “Buy” and an average target price of $84.69.

Shares of Skyworks Solutions (NASDAQ:SWKS) traded down 1.66% on Monday, reaching $77.01. The company had a trading volume of 1,174,799 shares. The company has a 50 day moving average price of $77.25 and a 200 day moving average price of $70.50. The stock has a market capitalization of $14.30 billion, a PE ratio of 14.87 and a beta of 1.11. Skyworks Solutions has a 52-week low of $54.50 and a 52-week high of $88.52.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.04. Skyworks Solutions had a return on equity of 28.16% and a net margin of 30.26%. The firm had revenue of $835.40 million for the quarter, compared to analysts’ expectations of $830.94 million. During the same quarter in the previous year, the company earned $1.52 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts anticipate that Skyworks Solutions will post $6.18 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Tuesday, November 15th. Skyworks Solutions’s dividend payout ratio (DPR) is 21.62%.

In other Skyworks Solutions news, Director Timothy R. Furey sold 5,000 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were 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 in the company, valued at $2,616,481.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy R. Furey sold 7,500 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $78.67, for a total transaction of $590,025.00. Following the sale, the director now owns 19,947 shares of the company’s stock, valued at $1,569,230.49. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in SWKS. Capital Research Global Investors boosted its stake in Skyworks Solutions by 18.9% in the second quarter. Capital Research Global Investors now owns 23,273,661 shares of the semiconductor manufacturer’s stock worth $1,472,757,000 after buying an additional 3,692,877 shares during the period. Manning & Napier Advisors LLC purchased a new stake in Skyworks Solutions during the third quarter worth about $278,774,000. Lazard Asset Management LLC boosted its stake in Skyworks Solutions by 21.2% in the third quarter. Lazard Asset Management LLC now owns 6,522,708 shares of the semiconductor manufacturer’s stock worth $496,638,000 after buying an additional 1,141,188 shares during the period. Villere ST Denis J & Co. LLC purchased a new stake in Skyworks Solutions during the second quarter worth about $66,184,000. Finally, Snow Capital Management LP purchased a new stake in Skyworks Solutions during the third quarter worth about $48,654,000. Institutional investors own 77.65% of the company’s stock.

About Skyworks Solutions

Related posts

Leave a Comment