Skyworks Solutions Inc. (NASDAQ:SWKS) gapped up prior to trading on Friday . The stock had previously closed at $60.57, but opened at $60.89. Skyworks Solutions shares last traded at $62.91, with a volume of 1,241,690 shares trading hands.

Several equities research analysts have recently issued reports on the company. Pacific Crest reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Skyworks Solutions in a research note on Thursday, March 31st. Vetr lowered Skyworks Solutions from a “buy” rating to a “hold” rating and set a $79.99 price objective for the company. in a research note on Thursday, March 31st. Stephens reaffirmed a “buy” rating on shares of Skyworks Solutions in a research note on Monday, April 4th. MKM Partners reaffirmed a “buy” rating and issued a $98.00 price objective (down from $100.00) on shares of Skyworks Solutions in a research note on Monday, April 11th. Finally, B. Riley reaffirmed a “buy” rating and issued a $102.00 price objective on shares of Skyworks Solutions in a research note on Monday, April 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. Skyworks Solutions has an average rating of “Buy” and a consensus target price of $88.16.

The company has a market capitalization of $11.97 billion and a PE ratio of 12.24. The stock has a 50-day moving average of $64.62 and a 200 day moving average of $68.21.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Thursday, April 28th. The semiconductor manufacturer reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.01. During the same period in the prior year, the company earned $1.15 EPS. The business had revenue of $775.10 million for the quarter, compared to the consensus estimate of $775.39 million. Skyworks Solutions’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts predict 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 business’s stock in a transaction dated Friday, April 15th. The shares were sold at an average price of $76.64, for a total transaction of $114,960.00. Following the completion of the sale, the chief technology officer now owns 34,581 shares of the company’s stock, valued at approximately $2,650,287.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Peter L. Gammel sold 22,015 shares of the business’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $62.94, for a total transaction of $1,385,624.10. Following the sale, the chief technology officer now directly owns 29,581 shares of the company’s stock, valued at approximately $1,861,828.14. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently bought and sold shares of SWKS. Marshall Wace LLP boosted its position in Skyworks Solutions by 32.3% in the fourth quarter. Marshall Wace LLP now owns 53,211 shares of the semiconductor manufacturer’s stock valued at $4,088,000 after buying an additional 12,977 shares during the period. Burney Co. boosted its position in Skyworks Solutions by 22.0% in the fourth quarter. Burney Co. now owns 139,857 shares of the semiconductor manufacturer’s stock valued at $11,092,000 after buying an additional 25,211 shares during the period. Palouse Capital Management Inc. purchased a new position in Skyworks Solutions during the fourth quarter valued at approximately $1,914,000. Neuberger Berman Group LLC boosted its position in Skyworks Solutions by 71.0% in the fourth quarter. Neuberger Berman Group LLC now owns 389,076 shares of the semiconductor manufacturer’s stock valued at $29,893,000 after buying an additional 161,488 shares during the period. Finally, South Dakota Investment Council boosted its position in Skyworks Solutions by 105.3% in the fourth quarter. South Dakota Investment Council now owns 15,400 shares of the semiconductor manufacturer’s stock valued at $1,183,000 after buying an additional 7,900 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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