Skyworks Solutions Inc. (NASDAQ:SWKS)’s share price rose 2.7% during mid-day trading on Thursday . The company traded as high as $67.29 and last traded at $67.13, with a volume of 1,083,494 shares traded. The stock had previously closed at $65.35.

A number of equities research analysts recently weighed in on SWKS shares. Morgan Stanley started coverage on Skyworks Solutions in a report on Monday, June 27th. They set an “underweight” rating and a $61.00 price target for the company. Citigroup Inc. cut Skyworks Solutions from a “buy” rating to a “neutral” rating and set a $78.00 price target for the company. in a report on Tuesday, March 29th. Brean Capital reaffirmed a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, June 15th. Drexel Hamilton reaffirmed a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, July 6th. Finally, Vetr cut Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $72.85 price target for the company. in a report on Monday, June 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $88.06.

The stock’s 50 day moving average price is $64.65 and its 200-day moving average price is $67.82. The company has a market cap of $12.82 billion and a price-to-earnings ratio of 13.12.

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

In other Skyworks Solutions news, CEO David J. Aldrich sold 15,000 shares of the company’s stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of $71.69, for a total transaction of $1,075,350.00. Following the sale, the chief executive officer now owns 190,327 shares of the company’s stock, valued at $13,644,542.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Peter L. Gammel sold 5,000 shares of the company’s stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $65.51, for a total transaction of $327,550.00. Following the sale, the chief technology officer now directly owns 29,581 shares in the company, valued at approximately $1,937,851.31. The disclosure for this sale can be found here.

A number of hedge funds have recently modified their holdings of the stock. Genesee Valley Trust Co. boosted its stake in shares of Skyworks Solutions by 10.6% in the fourth quarter. Genesee Valley Trust Co. now owns 13,124 shares of the semiconductor manufacturer’s stock worth $1,008,000 after buying an additional 1,261 shares during the period. Herndon Capital Management LLC boosted its stake in shares of Skyworks Solutions by 4.1% in the fourth quarter. Herndon Capital Management LLC now owns 13,529 shares of the semiconductor manufacturer’s stock worth $1,039,000 after buying an additional 539 shares during the period. Johnson Financial Group Inc. boosted its stake in shares of Skyworks Solutions by 18.7% in the fourth quarter. Johnson Financial Group Inc. now owns 14,715 shares of the semiconductor manufacturer’s stock worth $1,131,000 after buying an additional 2,316 shares during the period. South Dakota Investment Council boosted its stake in shares of Skyworks Solutions by 105.3% in the fourth quarter. South Dakota Investment Council now owns 15,400 shares of the semiconductor manufacturer’s stock worth $1,183,000 after buying an additional 7,900 shares during the period. Finally, Advantus Capital Management Inc boosted its stake in shares of Skyworks Solutions by 3.2% in the fourth quarter. Advantus Capital Management Inc now owns 18,527 shares of the semiconductor manufacturer’s stock worth $1,423,000 after buying an additional 581 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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