Vetr upgraded shares of Skyworks Solutions Inc. (NASDAQ:SWKS) from a sell rating to a hold rating in a report published on Tuesday. They currently have $80.30 price objective on the semiconductor manufacturer’s stock.
Several other research firms have also commented on SWKS. Canaccord Genuity reissued a buy rating and issued a $92.00 target price on shares of Skyworks Solutions in a report on Friday, September 23rd. Oppenheimer Holdings Inc. reissued an outperform rating and issued a $100.00 target price on shares of Skyworks Solutions in a report on Friday, September 16th. Brean Capital reissued a buy rating on shares of Skyworks Solutions in a report on Wednesday, September 21st. Charter Equity raised shares of Skyworks Solutions from a market perform rating to a buy rating in a report on Tuesday, October 4th. Finally, Drexel Hamilton reissued a buy rating and issued a $90.00 target price on shares of Skyworks Solutions in a report on Tuesday, August 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $83.05.
Shares of Skyworks Solutions (NASDAQ:SWKS) opened at 77.63 on Tuesday. The company’s 50 day moving average is $75.08 and its 200-day moving average is $69.69. The company has a market capitalization of $14.56 billion, a P/E ratio of 15.38 and a beta of 1.06. Skyworks Solutions has a 1-year low of $54.50 and a 1-year high of $88.52.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating the consensus estimate of $1.21 by $0.03. Skyworks Solutions had a net margin of 29.32% and a return on equity of 29.31%. The firm had revenue of $751.70 million for the quarter, compared to analyst estimates of $750.22 million. On average, equities research analysts forecast that Skyworks Solutions will post $5.53 EPS for the current year.
In other Skyworks Solutions news, VP Mark V. B. Tremallo sold 17,100 shares of Skyworks Solutions stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $76.40, for a total transaction of $1,306,440.00. Following the transaction, the vice president now directly owns 14,998 shares of the company’s stock, valued at approximately $1,145,847.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bruce J. Freyman sold 36,272 shares of Skyworks Solutions stock in a transaction on Monday, October 10th. The stock was sold at an average price of $80.00, for a total transaction of $2,901,760.00. Following the transaction, the executive vice president now directly owns 41,675 shares in the company, valued at $3,334,000. The disclosure for this sale can be found here. Company insiders own 0.62% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC increased its position in Skyworks Solutions by 709.2% in the first quarter. Lazard Asset Management LLC now owns 1,163,126 shares of the semiconductor manufacturer’s stock worth $90,607,000 after buying an additional 1,019,385 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Skyworks Solutions during the first quarter worth about $182,000. Rafferty Asset Management LLC increased its position in Skyworks Solutions by 78.1% in the first quarter. Rafferty Asset Management LLC now owns 24,893 shares of the semiconductor manufacturer’s stock worth $1,939,000 after buying an additional 10,917 shares in the last quarter. Pegasus Partners Ltd. purchased a new position in Skyworks Solutions during the first quarter worth about $614,000. Finally, Cupps Capital Management LLC increased its position in Skyworks Solutions by 4.6% in the first quarter. Cupps Capital Management LLC now owns 32,452 shares of the semiconductor manufacturer’s stock worth $2,528,000 after buying an additional 1,436 shares in the last quarter. 76.66% of the stock is currently owned by hedge funds and other institutional investors.
Skyworks Solutions Company Profile
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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