Skyworks Solutions (NASDAQ:SWKS) Price Target Cut to $110.00 by Analysts at Susquehanna

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) had its price objective decreased by analysts at Susquehanna from $125.00 to $110.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a "neutral" rating on the semiconductor manufacturer's stock. Susquehanna's price target would suggest a potential upside of 13.62% from the company's previous close.

Several other brokerages have also recently weighed in on SWKS. Craig Hallum raised their price target on shares of Skyworks Solutions from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of Skyworks Solutions from $105.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, July 31st. Rosenblatt Securities increased their price objective on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Robert W. Baird upped their target price on Skyworks Solutions from $90.00 to $108.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st. Finally, Piper Sandler reissued a "neutral" rating and set a $115.00 price target (up from $95.00) on shares of Skyworks Solutions in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $111.65.

Skyworks Solutions Trading Down 1.8 %

NASDAQ:SWKS traded down $1.80 on Monday, reaching $96.81. The company's stock had a trading volume of 1,150,548 shares, compared to its average volume of 2,364,823. Skyworks Solutions has a 1-year low of $85.06 and a 1-year high of $120.86. The business's 50-day moving average price is $101.30 and its two-hundred day moving average price is $101.78. The firm has a market cap of $15.46 billion, a PE ratio of 19.91, a PEG ratio of 4.47 and a beta of 1.20. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.21. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The business had revenue of $905.50 million during the quarter, compared to analyst estimates of $900.41 million. During the same period in the previous year, the firm earned $1.50 EPS. Skyworks Solutions's quarterly revenue was down 15.5% compared to the same quarter last year. Equities research analysts anticipate that Skyworks Solutions will post 5.21 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Reza Kasnavi sold 1,843 shares of the business's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the sale, the senior vice president now directly owns 17,455 shares in the company, valued at approximately $1,875,888.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Reza Kasnavi sold 1,843 shares of the business's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the transaction, the senior vice president now directly owns 17,455 shares in the company, valued at approximately $1,875,888.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carlos S. Bori sold 10,177 shares of the company's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $97.63, for a total transaction of $993,580.51. Following the sale, the senior vice president now directly owns 27,026 shares of the company's stock, valued at approximately $2,638,548.38. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,341 shares of company stock valued at $2,142,110. 0.34% of the stock is owned by company insiders.

Institutional Trading of Skyworks Solutions

Hedge funds have recently made changes to their positions in the company. BNP Paribas acquired a new position in Skyworks Solutions during the 1st quarter worth approximately $27,000. Innealta Capital LLC bought a new stake in Skyworks Solutions in the second quarter worth about $27,000. Rothschild Investment LLC purchased a new position in Skyworks Solutions in the second quarter valued at approximately $27,000. Access Investment Management LLC purchased a new position in shares of Skyworks Solutions during the 1st quarter valued at $31,000. Finally, Blue Trust Inc. lifted its holdings in Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer's stock valued at $36,000 after purchasing an additional 149 shares during the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Company Profile

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.