Analysts at UBS Group initiated coverage on shares of Skyworks Solutions (NASDAQ:SWKS) in a research note issued on Thursday, The Fly reports. The brokerage set a “neutral” rating and a $70.00 price target on the semiconductor manufacturer’s stock. UBS Group’s price objective would suggest a potential downside of 0.86% from the stock’s current price.
A number of other analysts have also issued reports on the company. ValuEngine lowered Skyworks Solutions from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 12th. Morgan Stanley lowered their price target on Skyworks Solutions from $80.00 to $79.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 3rd. BidaskClub raised Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. Zacks Investment Research lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Finally, Barclays lowered their price target on Skyworks Solutions from $120.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 23rd. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have issued a buy rating to the stock. Skyworks Solutions presently has an average rating of “Hold” and a consensus price target of $103.38.
Shares of NASDAQ:SWKS traded down $0.15 during trading on Thursday, reaching $70.61. The stock had a trading volume of 2,636,557 shares, compared to its average volume of 2,175,981. The firm has a market capitalization of $12.56 billion, a PE ratio of 10.65, a P/E/G ratio of 0.87 and a beta of 0.60. Skyworks Solutions has a 1-year low of $68.58 and a 1-year high of $115.98.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, November 8th. The semiconductor manufacturer reported $1.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.02. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. Skyworks Solutions had a return on equity of 30.59% and a net margin of 23.74%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 earnings per share. On average, analysts forecast that Skyworks Solutions will post 6.74 earnings per share for the current year.
In other Skyworks Solutions news, Director David J. Aldrich sold 5,500 shares of Skyworks Solutions stock in a transaction on Friday, October 5th. The stock was sold at an average price of $90.48, for a total value of $497,640.00. Following the sale, the director now owns 147,752 shares in the company, valued at $13,368,600.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David J. Aldrich sold 10,000 shares of Skyworks Solutions stock in a transaction on Friday, September 21st. The shares were sold at an average price of $91.30, for a total value of $913,000.00. Following the completion of the sale, the director now owns 152,252 shares in the company, valued at approximately $13,900,607.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,500 shares of company stock worth $2,197,150. 0.47% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of SWKS. Aperio Group LLC raised its stake in Skyworks Solutions by 12.2% in the 2nd quarter. Aperio Group LLC now owns 84,883 shares of the semiconductor manufacturer’s stock worth $8,204,000 after purchasing an additional 9,249 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Skyworks Solutions in the 2nd quarter worth about $8,149,000. Fiera Capital Corp raised its stake in Skyworks Solutions by 31.4% in the 2nd quarter. Fiera Capital Corp now owns 7,001 shares of the semiconductor manufacturer’s stock worth $676,000 after purchasing an additional 1,674 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in Skyworks Solutions by 0.5% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 182,448 shares of the semiconductor manufacturer’s stock worth $17,633,000 after purchasing an additional 856 shares in the last quarter. Finally, Alps Advisors Inc. raised its stake in Skyworks Solutions by 23.1% in the 2nd quarter. Alps Advisors Inc. now owns 14,003 shares of the semiconductor manufacturer’s stock worth $1,353,000 after purchasing an additional 2,631 shares in the last quarter. Institutional investors own 80.68% 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, antenna tuners, 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 locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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