Skyworks Solutions, Inc. (NASDAQ:SWKS) Receives $108.94 Consensus PT from Brokerages

Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) has received a consensus recommendation of "Hold" from the twenty-one ratings firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $108.94.

A number of brokerages have recently weighed in on SWKS. TD Cowen lifted their price target on Skyworks Solutions from $90.00 to $110.00 and gave the company a "hold" rating in a report on Wednesday, July 31st. Stifel Nicolaus lifted their price target on Skyworks Solutions from $112.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, July 31st. B. Riley lowered their price target on Skyworks Solutions from $140.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Rosenblatt Securities boosted their target price on Skyworks Solutions from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Finally, Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st.

Skyworks Solutions Stock Down 1.8 %

Shares of SWKS stock traded down $1.54 on Tuesday, reaching $86.44. 754,073 shares of the company's stock traded hands, compared to its average volume of 2,349,241. Skyworks Solutions has a 12-month low of $86.25 and a 12-month high of $120.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75. The company has a market capitalization of $13.81 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 4.05 and a beta of 1.21. The business's 50 day moving average price is $96.47 and its two-hundred day moving average price is $100.73.

Insider Transactions at Skyworks Solutions

In related news, SVP Reza Kasnavi sold 1,843 shares of the business's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $107.47, for a total transaction of $198,067.21. Following the completion of the transaction, the senior vice president now owns 17,455 shares of the company's stock, valued at approximately $1,875,888.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Skyworks Solutions news, 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 value of $993,580.51. Following the completion of the transaction, the senior vice president now owns 27,026 shares of the company's stock, valued at $2,638,548.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Reza Kasnavi sold 1,843 shares of the company'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 of the company's stock, valued at approximately $1,875,888.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,341 shares of company stock worth $2,142,110. 0.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Skyworks Solutions

Large investors have recently added to or reduced their stakes in the company. Forsta AP Fonden raised its holdings in shares of Skyworks Solutions by 27.0% in the 3rd quarter. Forsta AP Fonden now owns 37,200 shares of the semiconductor manufacturer's stock worth $3,674,000 after buying an additional 7,900 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Skyworks Solutions by 73.3% in the 1st quarter. Advisors Asset Management Inc. now owns 16,067 shares of the semiconductor manufacturer's stock worth $1,740,000 after buying an additional 6,795 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Skyworks Solutions by 25.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,610,645 shares of the semiconductor manufacturer's stock worth $152,915,000 after buying an additional 325,672 shares in the last quarter. M&G Plc acquired a new position in shares of Skyworks Solutions in the 2nd quarter worth approximately $797,000. Finally, Versor Investments LP raised its holdings in shares of Skyworks Solutions by 115.3% in the 3rd quarter. Versor Investments LP now owns 19,901 shares of the semiconductor manufacturer's stock worth $1,966,000 after buying an additional 10,658 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

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.