Skyworks Solutions Inc (SWKS) Receives $114.39 Consensus Target Price from Analysts

Skyworks Solutions Inc (NASDAQ:SWKS) has received a consensus rating of “Hold” from the twenty-seven ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $114.39.

Several research firms have recently weighed in on SWKS. Zacks Investment Research upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a research note on Wednesday, July 25th. Cowen reiterated a “hold” rating and issued a $105.00 target price (up previously from $100.00) on shares of Skyworks Solutions in a research note on Friday, July 20th. B. Riley lifted their target price on shares of Skyworks Solutions from $116.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. BidaskClub upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd. Finally, Needham & Company LLC lifted their target price on shares of Skyworks Solutions from $110.00 to $118.00 and gave the stock a “buy” rating in a research note on Friday, July 20th.

In other Skyworks Solutions news, Director David J. Aldrich sold 3,000 shares of the company’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $88.78, for a total transaction of $266,340.00. Following the sale, the director now owns 145,252 shares in the company, valued at approximately $12,895,472.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David J. Aldrich sold 10,000 shares of the company’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $93.03, for a total value of $930,300.00. Following the sale, the director now owns 152,252 shares in the company, valued at approximately $14,164,003.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,500 shares of company stock worth $4,056,350. 0.47% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. LSV Asset Management boosted its position in shares of Skyworks Solutions by 3,665.0% in the 3rd quarter. LSV Asset Management now owns 1,852,400 shares of the semiconductor manufacturer’s stock valued at $168,031,000 after purchasing an additional 1,803,200 shares during the period. Vulcan Value Partners LLC lifted its position in Skyworks Solutions by 21.8% during the 2nd quarter. Vulcan Value Partners LLC now owns 6,581,779 shares of the semiconductor manufacturer’s stock worth $636,129,000 after acquiring an additional 1,179,670 shares during the period. First Trust Advisors LP lifted its position in Skyworks Solutions by 31.1% during the 3rd quarter. First Trust Advisors LP now owns 1,391,837 shares of the semiconductor manufacturer’s stock worth $126,254,000 after acquiring an additional 330,404 shares during the period. Ardevora Asset Management LLP lifted its position in Skyworks Solutions by 394.7% during the 2nd quarter. Ardevora Asset Management LLP now owns 349,732 shares of the semiconductor manufacturer’s stock worth $33,802,000 after acquiring an additional 279,032 shares during the period. Finally, American Century Companies Inc. lifted its position in Skyworks Solutions by 147.5% during the 2nd quarter. American Century Companies Inc. now owns 378,775 shares of the semiconductor manufacturer’s stock worth $36,609,000 after acquiring an additional 225,746 shares during the period. Institutional investors own 80.71% of the company’s stock.

Shares of SWKS traded down $0.14 during trading hours on Friday, hitting $82.50. The company’s stock had a trading volume of 77,495 shares, compared to its average volume of 1,814,092. The company has a market capitalization of $15.26 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 0.85 and a beta of 0.64. Skyworks Solutions has a 52-week low of $79.27 and a 52-week high of $115.98.

Skyworks Solutions Company Profile

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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Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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