The stock of Skyworks Solutions Inc. (NASDAQ:SWKS) last traded at $108.34, down -0.32% from the previous session.
Data from the available sources indicates that Skyworks Solutions Inc. (NASDAQ:SWKS) is covered by 30 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $150.00 and a low of $93.00, we find $115.00. Given the previous closing price of $108.69, this indicates a potential upside of 5.81 percent. SWKS stock price is now 3.92% away from the 50-day moving average and 6.61% away from the 200-day moving average. The market capitalization of the company currently stands at $17.30B.
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In total, 15 analysts have assigned it a hold rating, and 12 have given it a buy rating. Brokers who have rated the stock have averaged $115.97 as their price target over the next twelve months.
With the price target reduced from $140 to $100, BMO Capital Markets Downgraded its rating from Outperform to Market Perform for Skyworks Solutions Inc. (NASDAQ: SWKS).
In other news, Kasnavi Reza, SVP, Tech. & Manufacturing sold 3,000 shares of the company’s stock on Feb 10. The stock was sold for $360,090 at an average price of $120.03. Upon completion of the transaction, the SVP, Tech. & Manufacturing now directly owns 16,994 shares in the company, valued at $1.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 23, SVP, Human Resources Durham Karilee A sold 2,716 shares of the business’s stock. A total of $298,760 was realized by selling the stock at an average price of $110.00. This leaves the insider owning 13,428 shares of the company worth $1.45 million. Insiders disposed of 97,868 shares of company stock worth roughly $10.6 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SWKS stock. A new stake in Skyworks Solutions Inc. shares was purchased by BAUPOST GROUP LLC/MA during the first quarter worth $76,257,000. CEREDEX VALUE ADVISORS LLC invested $58,980,000 in shares of SWKS during the first quarter. In the first quarter, WESTFIELD CAPITAL MANAGEMENT CO LP acquired a new stake in Skyworks Solutions Inc. valued at approximately $49,270,000. BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC acquired a new stake in SWKS for approximately $21,740,000. TWIN TREE MANAGEMENT, LP purchased a new stake in SWKS valued at around $16,374,000 in the second quarter. In total, there are 1,247 active investors with 78.90% ownership of the company’s stock.
With an opening price of $109.05 on Friday morning, Skyworks Solutions Inc. (NASDAQ: SWKS) set off the trading day. During the past 12 months, Skyworks Solutions Inc. has had a low of $76.16 and a high of $123.69. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 2.90, and a quick ratio of 1.80. According to the stock market information, the enterprise value for the company is $18.40B, which is based on a 15.65 price-to-earnings ratio, a 1.04 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for SWKS is $104.39 and a two-hundred day moving average price translates $101.66 for the stock.
The latest earnings results from Skyworks Solutions Inc. (NASDAQ: SWKS) was released for Mar, 2023. According to the Semiconductors Company, earnings per share came in at $2.02, inline with analysts’ expectations of $2.02. This compares to $1.86 EPS in the same period last year. The net profit margin was 21.70% and return on equity was 20.20% for SWKS. The company reported revenue of $1.15 billion for the quarter, compared to $1.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.66 percent. For the current quarter, analysts expect SWKS to generate $1.07B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/20/2023. Investors who held shares on 05/30/2023 were paid a $0.62 dividend. On an annualized basis, this represents a $2.48 dividend and a 2.29% percent yield. There was an ex-dividend date of 05/26/2023 for this dividend. In terms of dividend payout ratio, SWKS is presently at 34.80%.
Skyworks Solutions Inc.(SWKS) Company Profile
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, clocks and timings, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators. The company provides its products for the usage in aerospace, automotive, broadband, cellular infrastructure, connected home, entertainment and gaming, industrial, medical, military, smartphone, tablet, and wearable markets. It sells its products through direct sales force, electronic component distributors, and independent sales representatives. Skyworks Solutions, Inc. was founded in 1962 and is based in Irvine, California.
