Skyworks Solutions Inc. (NASDAQ:SWKS)’s share price gapped down prior to trading on Monday . The stock had previously closed at $62.49, but opened at $62.91. Skyworks Solutions shares last traded at $64.96, with a volume of 1,287,955 shares.

A number of equities analysts have recently commented on SWKS shares. Vetr cut Skyworks Solutions from a “buy” rating to a “hold” rating and set a $77.73 target price for the company. in a report on Wednesday, March 16th. Bank of America Corp. restated a “buy” rating and set a $85.00 price objective on shares of Skyworks Solutions in a report on Monday, March 21st. B. Riley restated a “buy” rating and set a $102.00 price objective on shares of Skyworks Solutions in a report on Tuesday, March 22nd. Citigroup Inc. cut Skyworks Solutions from a “buy” rating to a “neutral” rating and set a $78.00 price objective for the company. in a report on Tuesday, March 29th. Finally, Pacific Crest restated a “buy” rating and set a $100.00 price objective on shares of Skyworks Solutions in a report on Thursday, March 31st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $88.16.

The stock has a 50-day moving average price of $64.62 and a 200 day moving average price of $68.03. The firm has a market cap of $12.30 billion and a P/E ratio of 12.58.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Thursday, April 28th. The semiconductor manufacturer reported $1.25 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.01. The firm 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 quarter last year, the firm posted $1.15 EPS. Analysts forecast that Skyworks Solutions Inc. will post $5.48 EPS for the current fiscal year.

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

Other institutional investors recently modified their holdings of the company. Affinity Investment Advisors LLC boosted its position in shares of Skyworks Solutions by 110.3% in the fourth quarter. Affinity Investment Advisors LLC now owns 92,660 shares of the semiconductor manufacturer’s stock valued at $7,119,000 after buying an additional 48,604 shares during the period. Dimensional Fund Advisors LP boosted 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 during the period. BNP Paribas Arbitrage SA boosted 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 during the period. Redwood Investments LLC boosted 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 during the period. Finally, Systematic Financial Management LP boosted 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 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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