Skyworks Solutions Inc. (NASDAQ:SWKS) traded up 2.7% on Thursday . The stock traded as high as $67.29 and last traded at $67.13, with a volume of 1,083,494 shares. The stock had previously closed at $65.35.

Several equities research analysts recently weighed in on the company. B. Riley reaffirmed a “buy” rating and issued a $102.00 price target on shares of Skyworks Solutions in a research note on Monday, April 11th. Bank of America Corp. reaffirmed a “buy” rating on shares of Skyworks Solutions in a research note on Saturday, May 14th. Drexel Hamilton reaffirmed a “buy” rating on shares of Skyworks Solutions in a research note on Saturday, May 14th. Canaccord Genuity reaffirmed a “buy” rating and issued a $95.00 price target (down from $105.00) on shares of Skyworks Solutions in a research note on Saturday, April 30th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Skyworks Solutions in a research note on Saturday, April 30th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $88.06.

The stock has a 50 day moving average of $64.59 and a 200-day moving average of $67.91. The firm has a market capitalization of $12.82 billion and a PE ratio of 13.12.

Skyworks Solutions (NASDAQ:SWKS) last released 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 business had revenue of $775.10 million for the quarter, compared to the consensus estimate of $775.39 million. During the same period in the previous year, the business posted $1.15 earnings per share. Skyworks Solutions’s revenue was up 1.7% on a year-over-year basis. On average, equities analysts forecast 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 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 in the company, valued at approximately $2,650,287.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman David J. Aldrich sold 15,000 shares of the stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $59.46, for a total transaction of $891,900.00. Following the sale, the chairman now owns 140,327 shares of the company’s stock, valued at approximately $8,343,843.42. The disclosure for this sale can be found here.

Several large investors have recently made changes to their positions in the company. Morgan Stanley boosted its stake in shares of Skyworks Solutions by 121.3% in the fourth quarter. Morgan Stanley now owns 1,191,720 shares of the semiconductor manufacturer’s stock worth $91,560,000 after buying an additional 653,215 shares during the period. Old Mutual Global Investors UK Ltd. boosted its stake in shares of 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 worth $54,083,000 after buying an additional 529,129 shares during the period. Cypress Funds LLC boosted its stake in shares of Skyworks Solutions by 161.9% in the fourth quarter. Cypress Funds LLC now owns 275,000 shares of the semiconductor manufacturer’s stock worth $21,128,000 after buying an additional 170,000 shares during the period. Systematic Financial Management LP boosted its stake 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 worth $76,991,000 after buying an additional 153,453 shares during the period. Finally, State of Tennessee Treasury Department boosted its stake in shares of Skyworks Solutions by 9.9% in the fourth quarter. State of Tennessee Treasury Department now owns 1,193,917 shares of the semiconductor manufacturer’s stock worth $91,729,000 after buying an additional 107,303 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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