Skyworks Solutions Inc. (NASDAQ:SWKS) traded up 2.8% during mid-day trading on Thursday . The company traded as high as $61.07 and last traded at $60.79, with a volume of 1,654,183 shares changing hands. The stock had previously closed at $59.16.

A number of equities research analysts have recently issued reports on the stock. B. Riley reaffirmed a “buy” rating and issued a $102.00 target price on shares of Skyworks Solutions in a report on Sunday, March 27th. Canaccord Genuity reaffirmed a “buy” rating and issued a $95.00 target price (down from $105.00) on shares of Skyworks Solutions in a report on Saturday, April 30th. Vetr cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $79.99 target price on the stock. in a report on Thursday, March 31st. Bank of America Corp. reaffirmed a “buy” rating and issued a $85.00 target price on shares of Skyworks Solutions in a report on Monday, March 21st. Finally, Pacific Crest reaffirmed an “overweight” rating and issued a $90.00 target price on shares of Skyworks Solutions in a report on Tuesday, June 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Skyworks Solutions presently has a consensus rating of “Buy” and an average target price of $88.16.

The company has a market cap of $11.97 billion and a PE ratio of 12.24. The firm’s 50-day moving average price is $64.62 and its 200-day moving average price is $68.21.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, April 28th. The semiconductor manufacturer reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.01. During the same quarter in the previous year, the business earned $1.15 earnings per share. The business earned $775.10 million during the quarter, compared to the consensus estimate of $775.39 million. The firm’s revenue was up 1.7% compared to the same quarter last year. On average, equities analysts anticipate that Skyworks Solutions Inc. will post $5.48 EPS for the current year.

In other news, President Liam Griffin sold 2,500 shares of the firm’s stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $75.28, for a total transaction of $188,200.00. Following the sale, the president now owns 19,755 shares of the company’s stock, valued at approximately $1,487,156.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David J. Aldrich sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, April 12th. The shares were sold at an average price of $74.48, for a total transaction of $1,117,200.00. Following the sale, the chief executive officer now directly owns 193,811 shares in the company, valued at approximately $14,435,043.28. The disclosure for this sale can be found here.

Several institutional investors have bought and sold shares of SWKS. Dimensional Fund Advisors LP increased its position in shares of 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. BNP Paribas Arbitrage SA increased its position in shares of Skyworks Solutions by 38.3% in the fourth quarter. BNP Paribas Arbitrage SA now owns 64,390 shares of the semiconductor manufacturer’s stock valued at $4,947,000 after buying an additional 17,843 shares in the last quarter. Redwood Investments LLC increased its position in shares of Skyworks Solutions by 110.7% in the fourth quarter. Redwood Investments LLC now owns 170,112 shares of the semiconductor manufacturer’s stock valued at $13,070,000 after buying an additional 89,377 shares in the last quarter. Systematic Financial Management LP increased its position in shares of 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. Finally, US Bancorp DE increased its position in shares of Skyworks Solutions by 5.5% in the fourth quarter. US Bancorp DE now owns 133,856 shares of the semiconductor manufacturer’s stock valued at $10,285,000 after buying an additional 6,993 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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