Skyworks Solutions, Inc. (NASDAQ: SWKS) has been given an average rating of “Hold” by analysts covering the semiconductor company. According to MarketBeat Ratings, this assessment comes from a total of twenty-two analysts, with two recommending a sell, seventeen a hold, two a buy, and one a strong buy. The consensus price target for the stock over the next year is approximately $82.59.
Recent Analyst Ratings and Price Targets
Several equities research firms have recently updated their ratings for Skyworks Solutions. Notably, Citigroup raised its rating from “sell” to “neutral” on October 29, 2023, with an increased price target of $105.00, up from $66.00. Weiss Ratings reaffirmed a “hold (c-)” rating on October 8, 2023. Additionally, Cfra Research upgraded its rating from “moderate sell” to “hold” on October 28, while Barclays also adjusted its stance from “underweight” to “equal weight,” raising its price target from $58.00 to $88.00. Stifel Nicolaus established a target price of $72.00 on November 5, 2023.
The adjustments reflect varying insights into the company’s market position and potential for growth.
Quarterly Earnings Performance
Skyworks Solutions released its quarterly earnings report on November 4, 2023, revealing earnings per share (EPS) of $1.76, surpassing analysts’ expectations of $1.53 by $0.23. The company reported revenue of $1.10 billion for the quarter, marking a 7.3% increase compared to the same period last year, when it posted an EPS of $1.55. The firm also indicated a return on equity of 12.01% and a net margin of 11.67%.
Looking ahead, Skyworks Solutions has provided guidance for Q1 2026, estimating an EPS in the range of $1.40 to $1.40. Analysts predict that the company will achieve an EPS of $3.70 for the current year.
Dividends and Insider Trading Activity
In addition to its earnings report, Skyworks Solutions announced a quarterly dividend of $0.71 per share, which was paid to stockholders on December 9, 2023. The ex-dividend date was November 18, 2023, and this dividend represents an annualized total of $2.84, yielding 4.7%. The company’s dividend payout ratio stands at 92.51%.
Recent insider trading activity includes sales by executive vice president Reza Kasnavi, who sold 7,332 shares at an average price of $62.26, totaling approximately $456,490. Following this transaction, Kasnavi retains 26,087 shares valued at around $1.62 million. Similarly, senior vice president Robert John Terry sold 4,945 shares at an average price of $62.28, amounting to about $307,974. Insiders currently hold 0.28% of the company’s stock.
Institutional Investor Activity
Institutional investors have also been active in the stock. Park Place Capital Corp increased its stake in Skyworks Solutions by 62.1% during the second quarter, acquiring additional shares to hold a total of 368 shares, valued at approximately $28,000. Atlantic Union Bankshares Corp established a new position in the same quarter, also valued at $28,000. Other notable transactions include Clearstead Trust LLC, which raised its stake by 200%, and CYBER HORNET ETFs LLC, which also entered a new position, valued at $32,000.
Overall, institutional investors now control approximately 85.43% of Skyworks Solutions’ stock.
Skyworks Solutions, headquartered in Irvine, California, is a prominent player in the semiconductor sector, specializing in analog and mixed-signal semiconductors for the radio frequency and mobile communications markets. The company’s products are integral to various applications, including smartphones, tablets, and automotive telematics. As the market evolves, analysts and investors will be closely monitoring Skyworks Solutions’ performance and strategic direction.
