Skyworks Solutions Inc. (NASDAQ:SWKS)’s share price dropped 6.4% during mid-day trading on Tuesday . The company traded as low as $58.47 and last traded at $58.59, with a volume of 2,023,529 shares changing hands. The stock had previously closed at $62.60.

SWKS has been the topic of a number of recent analyst reports. Zacks Investment Research raised Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, March 9th. Vetr lowered Skyworks Solutions from a “buy” rating to a “hold” rating and set a $77.73 target price on the stock. in a research report on Wednesday, March 16th. Bank of America Corp. reiterated a “buy” rating and issued a $85.00 price target on shares of Skyworks Solutions in a report on Monday, March 21st. B. Riley reiterated a “buy” rating and issued a $102.00 price target on shares of Skyworks Solutions in a report on Tuesday, March 22nd. Finally, Citigroup Inc. downgraded Skyworks Solutions from a “buy” rating to a “neutral” rating and set a $78.00 price target for the company. in a report on Tuesday, March 29th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. Skyworks Solutions currently has a consensus rating of “Buy” and a consensus price target of $88.16.

The company has a market cap of $11.49 billion and a price-to-earnings ratio of 11.75. The company’s 50-day moving average price is $64.69 and its 200 day moving average price is $68.38.

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

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

Other hedge funds and institutional investors have bought and sold shares of the company. PNC Financial Services Group Inc. raised its position 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 raised its position 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 raised its position 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. raised its position 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 raised its position 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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