Today, JPMorgan Chase & Co. Analysts Give Skyworks Solutions Inc. (SWKS) a $88.00 Price Target

Today, JPMorgan Chase & Co. Analysts Give Skyworks Solutions Inc. (SWKS) a $88.00 Price Target

Skyworks Solutions Inc. (NASDAQ:SWKS) has been given a $88.00 price target by research analysts at JPMorgan Chase & Co. in a note issued to investors on Sunday. The brokerage currently has a “hold” rating on the semiconductor manufacturer’s stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 14.27% from the stock’s previous close.

A number of other analysts also recently weighed in on SWKS. Vetr downgraded Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $70.16 price objective for the company. in a report on Monday, July 11th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $100.00 price objective on shares of Skyworks Solutions in a report on Friday, July 15th. Brean Capital restated a “buy” rating and issued a $80.00 price objective on shares of Skyworks Solutions in a report on Monday, July 18th. Cowen and Company decreased their price objective on Skyworks Solutions from $76.00 to $72.00 and set a “market perform” rating for the company in a report on Friday, July 22nd. Finally, BMO Capital Markets restated a “hold” rating and issued a $65.00 price objective on shares of Skyworks Solutions in a report on Friday, July 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. Skyworks Solutions has a consensus rating of “Buy” and an average price target of $84.69.

Shares of Skyworks Solutions (NASDAQ:SWKS) traded down 1.66% during midday trading on Friday, hitting $77.01. The company had a trading volume of 1,174,799 shares. The stock has a market capitalization of $14309.54 billion, a price-to-earnings ratio of 14.87 and a beta of 1.11. Skyworks Solutions has a one year low of $54.50 and a one year high of $88.52. The stock’s 50-day moving average price is $77.25 and its 200-day moving average price is $70.50.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, November 3rd. The semiconductor manufacturer reported $1.47 earnings per share for the quarter, topping the 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 earned $835.40 million during the quarter, compared to analysts’ expectations of $830.94 million. During the same period in the prior year, the company earned $1.52 earnings per share. The company’s quarterly revenue was down 5.2% on a year-over-year basis. Analysts predict that Skyworks Solutions will post $6.18 EPS for the current year.

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

In other news, VP Laura A. Gasparini sold 2,650 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $74.84, for a total transaction of $198,326.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mark V. B. Tremallo sold 7,692 shares of the business’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $75.64, for a total transaction of $581,822.88. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors raised its position 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. Vanguard Group Inc. raised its position in Skyworks Solutions by 1.3% in the second quarter. Vanguard Group Inc. now owns 16,889,062 shares of the semiconductor manufacturer’s stock worth $1,068,740,000 after buying an additional 212,799 shares during the period. Ameriprise Financial Inc. raised its position in Skyworks Solutions by 25.0% in the fourth quarter. Ameriprise Financial Inc. now owns 9,768,802 shares of the semiconductor manufacturer’s stock worth $750,176,000 after buying an additional 1,953,913 shares during the period. Lazard Asset Management LLC raised its position 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. Finally, Wellington Management Group LLP raised its position in Skyworks Solutions by 220.3% in the first quarter. Wellington Management Group LLP now owns 6,231,589 shares of the semiconductor manufacturer’s stock worth $485,441,000 after buying an additional 4,286,283 shares during the period. Hedge funds and other institutional investors own 77.65% of the company’s stock.

Skyworks Solutions Company Profile

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