Skyworks Solutions (NASDAQ:SWKS) had its target price lifted by Cowen from $110.00 to $130.00 in a research report report published on Friday, The Fly reports. The firm currently has an outperform rating on the semiconductor manufacturer’s stock.

SWKS has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their target price on Skyworks Solutions from $104.00 to $110.00 and gave the stock a neutral rating in a report on Tuesday, May 5th. Craig Hallum lifted their price objective on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock a buy rating in a research note on Tuesday, May 5th. Citigroup increased their target price on shares of Skyworks Solutions from $95.00 to $102.00 and gave the company a neutral rating in a research note on Tuesday, May 5th. Wells Fargo & Co decreased their price target on shares of Skyworks Solutions from $142.00 to $135.00 and set an overweight rating on the stock in a research report on Tuesday, May 5th. Finally, Argus upped their price target on Skyworks Solutions from $112.00 to $146.00 and gave the company a buy rating in a report on Thursday, June 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $123.13.

Shares of NASDAQ:SWKS opened at $126.00 on Friday. The company has a 50 day moving average of $121.92 and a 200-day moving average of $109.65. The company has a current ratio of 6.13, a quick ratio of 4.34 and a debt-to-equity ratio of 0.04. The firm has a market cap of $21.00 billion, a P/E ratio of 27.33, a P/E/G ratio of 2.13 and a beta of 1.25. Skyworks Solutions has a twelve month low of $67.90 and a twelve month high of $138.22.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Monday, May 4th. The semiconductor manufacturer reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.01. The firm had revenue of $766.10 million for the quarter, compared to analysts’ expectations of $765.10 million. Skyworks Solutions had a return on equity of 21.89% and a net margin of 24.35%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.47 earnings per share. Equities research analysts forecast that Skyworks Solutions will post 4.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Thursday, May 21st were issued a $0.44 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $1.76 dividend on an annualized basis and a yield of 1.40%. Skyworks Solutions’s dividend payout ratio is currently 30.82%.

In other news, Director P Mcglade David sold 21,800 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $134.14, for a total transaction of $2,924,252.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Liam Griffin sold 12,500 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $126.36, for a total value of $1,579,500.00. Following the transaction, the chief executive officer now directly owns 64,244 shares in the company, valued at approximately $8,117,871.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,300 shares of company stock worth $5,305,752. Insiders own 0.40% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. grew its holdings in Skyworks Solutions by 31.0% during the first quarter. Rockefeller Capital Management L.P. now owns 397 shares of the semiconductor manufacturer’s stock valued at $35,000 after purchasing an additional 94 shares during the last quarter. CIBC World Markets Inc. grew its stake in Skyworks Solutions by 1.8% in the 4th quarter. CIBC World Markets Inc. now owns 5,845 shares of the semiconductor manufacturer’s stock valued at $707,000 after buying an additional 101 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Skyworks Solutions by 2.1% in the 4th quarter. Advisors Asset Management Inc. now owns 5,129 shares of the semiconductor manufacturer’s stock worth $619,000 after acquiring an additional 104 shares during the period. Cim LLC lifted its position in Skyworks Solutions by 1.4% during the 4th quarter. Cim LLC now owns 8,468 shares of the semiconductor manufacturer’s stock worth $1,024,000 after acquiring an additional 117 shares during the last quarter. Finally, McIlrath & Eck LLC boosted its holdings in Skyworks Solutions by 128.3% during the fourth quarter. McIlrath & Eck LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 118 shares during the period. Hedge funds and other institutional investors own 78.96% of the company’s stock.

Skyworks Solutions Company Profile

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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