Skyworks Solutions Inc. (NASDAQ:SWKS)’s share price rose 2.8% during trading on Thursday . The stock traded as high as $61.07 and last traded at $60.79, with a volume of 1,654,183 shares. The stock had previously closed at $59.16.

Several research firms recently weighed in on SWKS. B. Riley reaffirmed a “buy” rating and issued a $102.00 price objective on shares of Skyworks Solutions in a report on Saturday, April 16th. MKM Partners reaffirmed a “buy” rating and issued a $98.00 price objective (down previously from $100.00) on shares of Skyworks Solutions in a report on Monday, April 11th. Stephens reaffirmed a “buy” rating on shares of Skyworks Solutions in a report on Monday, April 4th. Pacific Crest reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Skyworks Solutions in a report on Thursday, March 31st. Finally, Vetr raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $80.19 price objective for the company in a report on Wednesday, March 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Skyworks Solutions currently has a consensus rating of “Buy” and a consensus target price of $88.16.

The firm has a market capitalization of $11.58 billion and a P/E ratio of 11.85. The firm’s 50 day moving average is $64.69 and its 200-day moving average is $68.38.

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

In related news, CTO Peter L. Gammel sold 1,500 shares of the business’s stock in a transaction on Friday, April 15th. The stock was sold at an average price of $76.64, for a total value of $114,960.00. Following the completion of the sale, the chief technology officer now directly owns 34,581 shares in the company, valued at approximately $2,650,287.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Peter L. Gammel sold 22,015 shares of the business’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $62.94, for a total value of $1,385,624.10. Following the completion of the sale, the chief technology officer now owns 29,581 shares of the company’s stock, valued at $1,861,828.14. The disclosure for this sale can be found here.

A number of hedge funds have recently added to or reduced their stakes in SWKS. PNC Financial Services Group Inc. increased 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 during the period. Morgan Stanley increased 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 during the period. Systematic Financial Management LP increased 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 during the period. Old Mutual Global Investors UK Ltd. increased 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 during the period. Finally, Dimensional Fund Advisors LP increased 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 during the period.

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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