Skyworks Solutions (NASDAQ:SWKS) Stock Price Up 5.2% – Still a Buy?

Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) traded up 5.2% during mid-day trading on Friday . The company traded as high as $70.51 and last traded at $70.42. 1,107,294 shares were traded during mid-day trading, a decline of 56% from the average session volume of 2,529,802 shares. The stock had previously closed at $66.93.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Argus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Craig Hallum decreased their price target on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Rosenblatt Securities reissued a “neutral” rating and issued a $80.00 price objective (down from $120.00) on shares of Skyworks Solutions in a research report on Thursday, February 6th. Mizuho lowered shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $105.00 to $62.00 in a report on Thursday, February 6th. Finally, Morgan Stanley lowered their target price on shares of Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $83.78.

Skyworks Solutions Stock Up 8.0 %

The firm has a market capitalization of $11.62 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.79 and a beta of 1.14. The business’s fifty day moving average price is $80.71 and its 200 day moving average price is $89.81. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. On average, equities analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a $0.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $2.80 annualized dividend and a dividend yield of 3.87%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 85.89%.

Insider Activity

In other news, CEO Philip G. Brace purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of $66.13 per share, for a total transaction of $661,300.00. Following the completion of the purchase, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Skyworks Solutions

Hedge funds have recently added to or reduced their stakes in the company. Erste Asset Management GmbH purchased a new position in shares of Skyworks Solutions during the 3rd quarter worth approximately $27,000. Golden State Wealth Management LLC purchased a new position in Skyworks Solutions in the fourth quarter worth $28,000. SBI Securities Co. Ltd. acquired a new stake in Skyworks Solutions in the fourth quarter valued at $29,000. Picton Mahoney Asset Management purchased a new stake in shares of Skyworks Solutions during the 4th quarter worth $33,000. Finally, Investors Research Corp grew its stake in shares of Skyworks Solutions by 167.7% during the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 213 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

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.