Skyworks Solutions Inc. (NASDAQ:SWKS) saw unusually-high trading volume on Wednesday . Approximately 2,436,135 shares changed hands during trading, a decline of 8% from the previous session’s volume of 2,641,369 shares.The stock last traded at $59.02 and had previously closed at $58.82.

SWKS has been the subject of a number of research analyst reports. B. Riley restated a “buy” rating and set a $102.00 price objective on shares of Skyworks Solutions in a research report on Monday, April 11th. Cowen and Company cut their price objective on Skyworks Solutions from $78.00 to $76.00 and set a “market perform” rating for the company in a research report on Friday, April 29th. Vetr upgraded Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $72.85 price objective for the company in a research report on Monday, June 27th. Stephens restated a “buy” rating on shares of Skyworks Solutions in a research report on Monday, April 4th. Finally, Pacific Crest restated an “overweight” rating on shares of Skyworks Solutions in a research report on Monday, May 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $88.16.

The stock has a market capitalization of $11.25 billion and a P/E ratio of 11.51. The company has a 50 day moving average of $64.69 and a 200-day moving average of $68.38.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Thursday, April 28th. The semiconductor manufacturer reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.01. During the same period in the previous year, the firm posted $1.15 earnings per share. The firm had revenue of $775.10 million for the quarter, compared to analyst estimates of $775.39 million. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities analysts expect that Skyworks Solutions Inc. will post $5.48 earnings per share for the current fiscal year.

In related news, CTO Peter L. Gammel sold 1,500 shares of the company’s stock in a transaction on Friday, April 15th. The shares were sold at an average price of $76.64, for a total value of $114,960.00. Following the sale, the chief technology officer now directly owns 34,581 shares of the company’s stock, valued at $2,650,287.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman David J. Aldrich sold 15,000 shares of the company’s stock in a transaction on Tuesday, June 28th. The shares were sold at an average price of $60.21, for a total transaction of $903,150.00. Following the completion of the sale, the chairman now directly owns 145,327 shares in the company, valued at $8,750,138.67. The disclosure for this sale can be found here.

A number of hedge funds recently bought and sold shares of SWKS. PNC Financial Services Group Inc. boosted its stake in Skyworks Solutions by 5.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,337,043 shares of the semiconductor manufacturer’s stock valued at $102,725,000 after buying an additional 69,983 shares in the last quarter. Morgan Stanley boosted its stake in Skyworks Solutions by 121.3% in the fourth quarter. Morgan Stanley now owns 1,191,720 shares of the semiconductor manufacturer’s stock valued at $91,560,000 after buying an additional 653,215 shares in the last quarter. Systematic Financial Management LP boosted its stake in Skyworks Solutions by 18.1% in the fourth quarter. Systematic Financial Management LP now owns 1,002,100 shares of the semiconductor manufacturer’s stock valued at $76,991,000 after buying an additional 153,453 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in Skyworks Solutions by 302.7% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 703,943 shares of the semiconductor manufacturer’s stock valued at $54,083,000 after buying an additional 529,129 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Skyworks Solutions by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 681,057 shares of the semiconductor manufacturer’s stock valued at $52,338,000 after buying an additional 2,712 shares in the last quarter.

Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.

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