Cascend Securities upgraded shares of Skyworks Solutions (NASDAQ:SWKS) from a hold rating to a buy rating in a research note published on Monday, Briefing.com Automated Import reports. The brokerage currently has $84.00 target price on the semiconductor manufacturer’s stock.

SWKS has been the topic of a number of other reports. Zacks Investment Research cut shares of Skyworks Solutions from a buy rating to a hold rating in a research note on Monday, May 13th. Piper Jaffray Companies decreased their price target on shares of Skyworks Solutions from $100.00 to $90.00 and set an overweight rating on the stock in a research note on Wednesday, June 5th. Craig Hallum reaffirmed a buy rating and set a $105.00 price target (up from $90.00) on shares of Skyworks Solutions in a research note on Friday, May 3rd. BidaskClub raised shares of Skyworks Solutions from a hold rating to a buy rating in a research note on Wednesday, February 13th. Finally, TheStreet raised shares of Skyworks Solutions from a c+ rating to a b- rating in a research note on Wednesday, February 27th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have issued a buy rating to the company. Skyworks Solutions presently has an average rating of Hold and a consensus price target of $87.40.

Shares of NASDAQ SWKS opened at $72.66 on Monday. The stock has a market capitalization of $12.58 billion, a P/E ratio of 10.96, a price-to-earnings-growth ratio of 1.22 and a beta of 0.92. Skyworks Solutions has a 52 week low of $60.12 and a 52 week high of $103.95.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Thursday, May 2nd. The semiconductor manufacturer reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.04. The firm had revenue of $810.40 million for the quarter, compared to analysts’ expectations of $809.52 million. Skyworks Solutions had a net margin of 29.06% and a return on equity of 28.25%. The firm’s revenue was down 11.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.64 EPS. Equities analysts anticipate that Skyworks Solutions will post 5.69 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were issued a dividend of $0.38 per share. The ex-dividend date was Monday, May 20th. This represents a $1.52 annualized dividend and a dividend yield of 2.09%. Skyworks Solutions’s payout ratio is currently 22.93%.

In other news, CTO Peter L. Gammel sold 1,881 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $93.53, for a total transaction of $175,929.93. Following the transaction, the chief technology officer now directly owns 9,240 shares in the company, valued at approximately $864,217.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Peter L. Gammel sold 2,250 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $77.43, for a total transaction of $174,217.50. Following the transaction, the chief technology officer now owns 11,490 shares in the company, valued at $889,670.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 111,964 shares of company stock worth $9,787,005. Insiders own 0.64% of the company’s stock.

Several hedge funds have recently made changes to their positions in SWKS. Oregon Public Employees Retirement Fund lifted its holdings in shares of Skyworks Solutions by 6,143.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,733,478 shares of the semiconductor manufacturer’s stock worth $41,000 after acquiring an additional 2,689,698 shares during the period. Norges Bank purchased a new position in shares of Skyworks Solutions during the 4th quarter worth about $121,517,000. FMR LLC lifted its holdings in shares of Skyworks Solutions by 63.8% during the 1st quarter. FMR LLC now owns 3,517,246 shares of the semiconductor manufacturer’s stock worth $290,102,000 after acquiring an additional 1,370,337 shares during the period. Artisan Partners Limited Partnership purchased a new position in shares of Skyworks Solutions during the 1st quarter worth about $81,554,000. Finally, Deutsche Bank AG lifted its holdings in shares of Skyworks Solutions by 46.9% during the 4th quarter. Deutsche Bank AG now owns 1,875,809 shares of the semiconductor manufacturer’s stock worth $125,710,000 after acquiring an additional 598,980 shares during the period. Institutional investors and hedge funds own 81.08% of the company’s stock.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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