Skyworks Solutions (NASDAQ:SWKS) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
Other analysts have also recently issued reports about the company. Cowen restated a “hold” rating and set a $105.00 price target (up from $100.00) on shares of Skyworks Solutions in a report on Friday, July 20th. DA Davidson reduced their price target on Skyworks Solutions to $125.00 and set a “buy” rating on the stock in a report on Friday, July 20th. B. Riley boosted their price target on Skyworks Solutions from $116.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, July 20th. Canaccord Genuity restated a “buy” rating and set a $115.00 price target on shares of Skyworks Solutions in a report on Friday, July 20th. Finally, Morgan Stanley reduced their price target on Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating on the stock in a report on Monday, August 6th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the stock. Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $114.10.
Shares of NASDAQ:SWKS traded down $4.22 during midday trading on Friday, hitting $85.27. 2,648,465 shares of the stock were exchanged, compared to its average volume of 1,787,064. The stock has a market cap of $15.26 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 0.85 and a beta of 0.64. Skyworks Solutions has a 12 month low of $79.27 and a 12 month high of $117.65.
In other Skyworks Solutions news, Director David J. Aldrich sold 3,000 shares of the stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $86.25, for a total transaction of $258,750.00. Following the transaction, the director now directly owns 144,251 shares in the company, valued at approximately $12,441,648.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David J. Aldrich sold 10,000 shares of the stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $93.03, for a total value of $930,300.00. Following the transaction, the director now owns 152,252 shares in the company, valued at $14,164,003.56. The disclosure for this sale can be found here. Insiders sold 44,500 shares of company stock worth $4,056,350 over the last quarter. 0.47% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of SWKS. Catalyst Capital Advisors LLC bought a new position in shares of Skyworks Solutions during the 2nd quarter worth approximately $101,000. Quad Cities Investment Group LLC bought a new position in shares of Skyworks Solutions during the 2nd quarter worth approximately $102,000. NEXT Financial Group Inc bought a new position in shares of Skyworks Solutions during the 3rd quarter worth approximately $108,000. Polaris Greystone Financial Group LLC boosted its holdings in shares of Skyworks Solutions by 4,813.3% during the 3rd quarter. Polaris Greystone Financial Group LLC now owns 1,474 shares of the semiconductor manufacturer’s stock worth $134,000 after buying an additional 1,444 shares in the last quarter. Finally, Peak Capital Management LLC bought a new position in shares of Skyworks Solutions during the 2nd quarter worth approximately $136,000. Hedge funds and other institutional investors own 80.49% of the company’s stock.
About Skyworks Solutions
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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