Fintel reports that on April 25, 2023, Susquehanna maintained coverage of Skyworks Solutions (NASDAQ:SWKS) with a Positive recommendation.
Analyst Price Forecast Suggests 21.85% Upside
As of April 24, 2023, the average one-year price target for Skyworks Solutions is 129.36. The forecasts range from a low of 99.99 to a high of $197.40. The average price target represents an increase of 21.85% from its latest reported closing price of 106.16.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Skyworks Solutions is 5,187MM, a decrease of 2.21%. The projected annual non-GAAP EPS is 9.98.
Skyworks Solutions Declares $0.62 Dividend
On February 6, 2023 the company declared a regular quarterly dividend of $0.62 per share ($2.48 annualized). Shareholders of record as of February 28, 2023 received the payment on March 21, 2023. Previously, the company paid $0.62 per share.
At the current share price of $106.16 / share, the stock's dividend yield is 2.34%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.73%, the lowest has been 1.00%, and the highest has been 3.03%. The standard deviation of yields is 0.47 (n=236).
The current dividend yield is 1.29 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.33. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.41%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1647 funds or institutions reporting positions in Skyworks Solutions. This is an increase of 23 owner(s) or 1.42% in the last quarter. Average portfolio weight of all funds dedicated to SWKS is 0.22%, an increase of 4.50%. Total shares owned by institutions increased in the last three months by 2.84% to 140,386K shares. 
The put/call ratio of SWKS is 0.88, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,863K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 4,796K shares, representing an increase of 1.38%. The firm increased its portfolio allocation in SWKS by 0.08% over the last quarter.
Vulcan Value Partners holds 3,949K shares representing 2.48% ownership of the company. In it's prior filing, the firm reported owning 4,650K shares, representing a decrease of 17.78%. The firm increased its portfolio allocation in SWKS by 4.18% over the last quarter.
VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 3,724K shares representing 2.34% ownership of the company. In it's prior filing, the firm reported owning 3,704K shares, representing an increase of 0.54%. The firm decreased its portfolio allocation in SWKS by 1.30% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 3,709K shares representing 2.33% ownership of the company. In it's prior filing, the firm reported owning 3,637K shares, representing an increase of 1.94%. The firm increased its portfolio allocation in SWKS by 0.40% over the last quarter.
Victory Capital Management holds 3,627K shares representing 2.28% ownership of the company. In it's prior filing, the firm reported owning 2,379K shares, representing an increase of 34.41%. The firm increased its portfolio allocation in SWKS by 0.19% over the last quarter.
Skyworks Solutions Background Information
(This description is provided by the company.)
Skyworks Solutions, Inc. is empowering the wireless networking revolution. Its highly innovative analog semiconductors are connecting people, places and things spanning a number of new and previously unimagined applications within the aerospace, automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets. Skyworks is a global company with engineering, marketing, operations, sales and support facilities located throughout Asia, Europe and North America and is a member of the S&P 500® and Nasdaq-100® market indices.
See all Skyworks Solutions regulatory filings.This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
