News stories about Skyworks Solutions (NASDAQ:SWKS) have trended extremely positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Skyworks Solutions earned a media sentiment score of 4.57 on their scale. InfoTrie also gave media headlines about the semiconductor manufacturer an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have effected Skyworks Solutions’ score:
Several analysts have weighed in on the company. Bank of America upgraded Skyworks Solutions from an “underperform” rating to a “buy” rating and set a $122.00 price target on the stock in a research note on Monday, December 9th. Needham & Company LLC lifted their price target on Skyworks Solutions from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. B. Riley increased their price target on Skyworks Solutions from $115.00 to $145.00 and gave the company a “buy” rating in a report on Monday, January 13th. Cowen reiterated an “outperform” rating and set a $105.00 price objective (up previously from $95.00) on shares of Skyworks Solutions in a research report on Wednesday, November 13th. They noted that the move was a valuation call. Finally, Loop Capital boosted their price target on shares of Skyworks Solutions to $120.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $103.87.
Shares of Skyworks Solutions stock traded up $1.08 on Friday, hitting $124.17. The company’s stock had a trading volume of 1,908,699 shares, compared to its average volume of 1,876,054. Skyworks Solutions has a 52-week low of $66.29 and a 52-week high of $125.75. The firm has a fifty day moving average price of $114.33 and a 200-day moving average price of $91.76. The company has a market capitalization of $20.97 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 1.47 and a beta of 1.12.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.02. The company had revenue of $827.00 million during the quarter, compared to analysts’ expectations of $824.01 million. Skyworks Solutions had a return on equity of 24.41% and a net margin of 25.28%. The business’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.94 earnings per share. As a group, analysts expect that Skyworks Solutions will post 5.82 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.76 annualized dividend and a yield of 1.42%. Skyworks Solutions’s payout ratio is currently 30.82%.
In other news, SVP Robert John Terry sold 1,483 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $100.00, for a total transaction of $148,300.00. Following the completion of the transaction, the senior vice president now owns 15,132 shares of the company’s stock, valued at approximately $1,513,200. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David J. Aldrich sold 7,560 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $120.01, for a total transaction of $907,275.60. Following the transaction, the director now directly owns 155,592 shares of the company’s stock, valued at approximately $18,672,595.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 257,694 shares of company stock valued at $26,941,663. Company insiders own 0.64% 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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