Skyworks Solutions (NASDAQ:SWKS - Get Free Report) had its price objective cut by B. Riley from $120.00 to $110.00 in a research report issued on Thursday, Marketbeat.com reports. The firm currently has a "buy" rating on the semiconductor manufacturer's stock. B. Riley's price objective would suggest a potential upside of 30.95% from the company's previous close.
A number of other equities analysts have also recently weighed in on SWKS. JPMorgan Chase & Co. reduced their price target on shares of Skyworks Solutions from $120.00 to $100.00 and set a "neutral" rating on the stock in a research report on Wednesday. Rosenblatt Securities lifted their price objective on Skyworks Solutions from $120.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Susquehanna reduced their price objective on shares of Skyworks Solutions from $110.00 to $100.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Bank of America upped their price objective on Skyworks Solutions from $95.00 to $110.00 and gave the stock an "underperform" rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $101.00.
View Our Latest Research Report on Skyworks Solutions
Skyworks Solutions Trading Up 1.0 %
SWKS stock traded up $0.82 during midday trading on Thursday, reaching $84.00. The stock had a trading volume of 2,854,314 shares, compared to its average volume of 2,378,816. The firm has a market cap of $13.42 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 3.95 and a beta of 1.21. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a twelve month low of $82.13 and a twelve month high of $120.86. The business has a fifty day simple moving average of $95.79 and a two-hundred day simple moving average of $100.49.
Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.73%. The firm had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same period last year, the firm earned $1.95 earnings per share. The business's revenue for the quarter was down 15.9% on a year-over-year basis. As a group, research analysts expect that Skyworks Solutions will post 5.39 EPS for the current fiscal year.
Insider Activity
In other news, SVP Carlos S. Bori sold 9,321 shares of the firm's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the transaction, the senior vice president now owns 37,203 shares in the company, valued at $3,793,589.91. This trade represents a 20.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Robert John Terry sold 1,821 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the sale, the senior vice president now owns 24,567 shares in the company, valued at approximately $2,214,960.72. This trade represents a 6.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,684 shares of company stock valued at $3,232,333 over the last three months. Insiders own 0.34% of the company's stock.
Institutional Investors Weigh In On Skyworks Solutions
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Skyworks Solutions by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer's stock valued at $2,101,619,000 after purchasing an additional 745,374 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Skyworks Solutions by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,831,154 shares of the semiconductor manufacturer's stock worth $477,173,000 after buying an additional 176,070 shares during the last quarter. Vulcan Value Partners LLC raised its holdings in Skyworks Solutions by 38.8% during the second quarter. Vulcan Value Partners LLC now owns 4,518,451 shares of the semiconductor manufacturer's stock worth $481,552,000 after purchasing an additional 1,262,964 shares in the last quarter. Pzena Investment Management LLC lifted its position in Skyworks Solutions by 19.3% in the second quarter. Pzena Investment Management LLC now owns 4,090,292 shares of the semiconductor manufacturer's stock valued at $435,943,000 after acquiring an additional 661,144 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of Skyworks Solutions by 54.9% in the 2nd quarter. Pacer Advisors Inc. now owns 3,478,772 shares of the semiconductor manufacturer's stock valued at $370,768,000 after purchasing an additional 1,233,618 shares during the last quarter. Institutional investors own 85.43% of the company's stock.
Skyworks Solutions Company Profile
(
Get Free Report)
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.
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