Skyworks Solutions, Inc. (NASDAQ:SWKS)‘s stock had its “buy” rating reaffirmed by stock analysts at B. Riley in a research note issued on Tuesday, November 7th. They presently have a $131.00 price target on the semiconductor manufacturer’s stock. B. Riley’s price objective would indicate a potential upside of 20.69% from the company’s current price. B. Riley also issued estimates for Skyworks Solutions’ Q1 2018 earnings at $1.79 EPS, Q3 2018 earnings at $1.65 EPS and FY2018 earnings at $6.84 EPS.
SWKS has been the topic of several other reports. Citigroup Inc. upgraded Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Tuesday, September 5th. Vetr upgraded Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $114.47 price objective for the company in a report on Tuesday, August 29th. Zacks Investment Research upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a report on Monday, August 28th. Cowen Inc raised their target price on Skyworks Solutions from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Tuesday, October 10th. Finally, Barclays PLC lifted their price objective on Skyworks Solutions from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $115.68.
Skyworks Solutions (NASDAQ SWKS) opened at $108.54 on Tuesday. The firm has a market capitalization of $19,943.15, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.07 and a beta of 0.90. Skyworks Solutions has a one year low of $71.65 and a one year high of $117.65.
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In other news, Director Christine King sold 3,705 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total transaction of $395,768.10. Following the sale, the director now directly owns 16,641 shares in the company, valued at approximately $1,777,591.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Liam Griffin sold 2,610 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $99.98, for a total value of $260,947.80. Following the sale, the insider now owns 50,408 shares in the company, valued at $5,039,791.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 120,094 shares of company stock valued at $13,065,904. Company insiders own 0.49% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Winslow Evans & Crocker Inc. lifted its stake in Skyworks Solutions by 3.3% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock worth $104,000 after purchasing an additional 35 shares in the last quarter. Financial Engines Advisors L.L.C. purchased a new position in Skyworks Solutions in the 3rd quarter worth approximately $126,000. WFG Advisors LP lifted its stake in Skyworks Solutions by 14.8% in the 2nd quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock worth $127,000 after purchasing an additional 171 shares in the last quarter. Sun Life Financial INC raised its position in shares of Skyworks Solutions by 551.5% during the 2nd quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock valued at $129,000 after buying an additional 1,136 shares during the period. Finally, Dubuque Bank & Trust Co. purchased a new stake in shares of Skyworks Solutions during the 2nd quarter valued at approximately $182,000. 80.00% of the stock is currently owned by hedge funds and other institutional investors.
Skyworks Solutions Company Profile
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
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