Today, Skyworks Solutions Inc. (SWKS) Earns Outperform Rating from Northland Securities

Today, Skyworks Solutions Inc. (SWKS) Earns Outperform Rating from Northland Securities

Skyworks Solutions Inc. (NASDAQ:SWKS)‘s stock had its “outperform” rating reissued by stock analysts at Northland Securities in a research report issued to clients and investors on Monday. They currently have a $85.00 price objective on the semiconductor manufacturer’s stock. Northland Securities’ price objective suggests a potential upside of 10.38% from the company’s previous close.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. set a $88.00 price objective on Skyworks Solutions and gave the company a “hold” rating in a research report on Sunday, November 6th. B. Riley restated a “buy” rating and issued a $93.00 price objective on shares of Skyworks Solutions in a research report on Monday, July 25th. BMO Capital Markets restated a “hold” rating and issued a $70.00 price objective on shares of Skyworks Solutions in a research report on Friday, November 4th. Vetr cut Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $70.16 price objective for the company. in a research report on Monday, July 11th. Finally, Cowen and Company boosted their price objective on Skyworks Solutions from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, November 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $84.69.

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

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.04. The company earned $835.40 million during the quarter, compared to analysts’ expectations of $830.94 million. Skyworks Solutions had a return on equity of 28.16% and a net margin of 30.26%. Skyworks Solutions’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the business earned $1.52 earnings per share. Analysts anticipate that Skyworks Solutions will post $6.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.12 annualized dividend and a dividend yield of 1.45%. Skyworks Solutions’s dividend payout ratio is presently 21.62%.

In related news, EVP Bruce J. Freyman sold 9,000 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $74.33, for a total value of $668,970.00. Following the sale, the executive vice president now owns 41,493 shares in the company, valued at approximately $3,084,174.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Bruce J. Freyman sold 36,272 shares of the business’s stock in a transaction on Monday, October 10th. The shares were sold at an average price of $80.00, for a total value of $2,901,760.00. Following the completion of the sale, the executive vice president now owns 41,675 shares in the company, valued at approximately $3,334,000. The disclosure for this sale can be found here. 0.62% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of SWKS. BKS Advisors LLC purchased a new stake in Skyworks Solutions during the third quarter valued at about $101,000. Investment Counselors of Maryland LLC purchased a new stake in Skyworks Solutions during the third quarter valued at about $102,000. Canada Pension Plan Investment Board increased its stake in Skyworks Solutions by 1,084.1% in the third quarter. Canada Pension Plan Investment Board now owns 1,338 shares of the semiconductor manufacturer’s stock valued at $102,000 after buying an additional 1,225 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Skyworks Solutions by 260.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the semiconductor manufacturer’s stock valued at $114,000 after buying an additional 1,300 shares in the last quarter. Finally, Kistler Tiffany Companies LLC increased its stake in Skyworks Solutions by 190.5% in the third quarter. Kistler Tiffany Companies LLC now owns 1,525 shares of the semiconductor manufacturer’s stock valued at $116,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 77.65% of the company’s stock.

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