Skyworks Solutions Inc. (NASDAQ:SWKS) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a research note issued on Monday. The brokerage presently has a $76.75 price objective on the semiconductor manufacturer’s stock. Vetr‘s price target indicates a potential upside of 5.40% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. B. Riley restated a “buy” rating and issued a $93.00 price target on shares of Skyworks Solutions in a report on Monday, July 25th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $100.00 price objective on shares of Skyworks Solutions in a report on Friday, July 15th. BMO Capital Markets reiterated a “market perform” rating and set a $69.00 price objective on shares of Skyworks Solutions in a report on Tuesday, May 31st. Credit Agricole SA upgraded shares of Skyworks Solutions from an “underperform” rating to an “outperform” rating and lifted their price objective for the company from $73.00 to $77.00 in a report on Tuesday, August 9th. Finally, Mizuho cut shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $99.00 to $68.00 in a report on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Skyworks Solutions has an average rating of “Buy” and a consensus price target of $82.91.
Skyworks Solutions (NASDAQ:SWKS) traded down 2.61% during midday trading on Monday, reaching $72.82. 3,044,648 shares of the company traded hands. The stock has a market capitalization of $13.65 billion, a P/E ratio of 14.42 and a beta of 1.15. The company has a 50 day moving average of $72.29 and a 200-day moving average of $69.40. Skyworks Solutions has a 12-month low of $54.50 and a 12-month high of $88.52.
Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.03. The business earned $751.70 million during the quarter, compared to analysts’ expectations of $750.22 million. Skyworks Solutions had a net margin of 29.32% and a return on equity of 29.31%. Equities analysts anticipate that Skyworks Solutions will post $5.53 EPS for the current fiscal year.
In other news, VP Mark V. B. Tremallo sold 7,692 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $75.64, for a total value of $581,822.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bruce J. Freyman sold 3,221 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $75.00, for a total transaction of $241,575.00. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in SWKS. Fuller & Thaler Asset Management Inc. raised its stake in shares of Skyworks Solutions by 260.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the semiconductor manufacturer’s stock worth $114,000 after buying an additional 1,300 shares during the last quarter. Bellwether Investment Group LLC acquired a new stake in shares of Skyworks Solutions during the second quarter worth $125,000. Synovus Financial Corp raised its stake in shares of Skyworks Solutions by 16.0% in the second quarter. Synovus Financial Corp now owns 2,282 shares of the semiconductor manufacturer’s stock worth $143,000 after buying an additional 315 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Skyworks Solutions by 39.7% in the second quarter. Checchi Capital Advisers LLC now owns 2,369 shares of the semiconductor manufacturer’s stock worth $150,000 after buying an additional 673 shares during the last quarter. Finally, Mizuho Asset Management Co. Ltd. raised its stake in shares of Skyworks Solutions by 101.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,585 shares of the semiconductor manufacturer’s stock worth $164,000 after buying an additional 1,302 shares during the last quarter. Hedge funds and other institutional investors own 76.66% of the company’s stock.
About Skyworks Solutions
Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.
To view Vetr’s full report, visit Vetr’s official website.
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