Skyworks Solutions, Inc. (SWKS) Lowered to “Hold” at Vetr Inc.
Skyworks Solutions, Inc. (NASDAQ:SWKS) was downgraded by Vetr from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday. They presently have a $112.42 price objective on the semiconductor manufacturer’s stock. Vetr‘s price target would suggest a potential upside of 2.62% from the company’s current price.
SWKS has been the subject of a number of other research reports. Craig Hallum upped their price objective on Skyworks Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, July 21st. Canaccord Genuity reiterated a “buy” rating and issued a $117.00 price objective (up previously from $115.00) on shares of Skyworks Solutions in a report on Saturday, July 22nd. Northland Securities reiterated a “buy” rating and issued a $115.00 price objective on shares of Skyworks Solutions in a report on Friday, August 4th. B. Riley reiterated a “buy” rating and issued a $130.00 price objective on shares of Skyworks Solutions in a report on Saturday, July 22nd. Finally, Zacks Investment Research upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a report on Monday, September 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Skyworks Solutions currently has a consensus rating of “Buy” and an average price target of $111.82.
Shares of Skyworks Solutions (NASDAQ:SWKS) opened at 109.55 on Monday. Skyworks Solutions has a 12 month low of $71.65 and a 12 month high of $112.11. The firm has a 50-day moving average price of $104.40 and a 200 day moving average price of $102.14. The firm has a market capitalization of $20.13 billion, a price-to-earnings ratio of 21.03 and a beta of 0.81.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.05. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The firm had revenue of $900.80 million during the quarter, compared to the consensus estimate of $890.58 million. During the same quarter in the previous year, the company posted $1.24 EPS. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. On average, analysts anticipate that Skyworks Solutions will post $6.39 EPS for the current fiscal year.
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In other Skyworks Solutions news, insider Liam Griffin sold 8,056 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $105.31, for a total value of $848,377.36. Following the sale, the insider now owns 54,310 shares in the company, valued at $5,719,386.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christine King sold 3,705 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total value of $395,768.10. Following the completion of the sale, the director now owns 16,641 shares in the company, valued at approximately $1,777,591.62. The disclosure for this sale can be found here. Insiders have sold 14,371 shares of company stock worth $1,505,093 in the last quarter. 0.49% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in SWKS. Invictus RG bought a new stake in Skyworks Solutions in the first quarter valued at approximately $101,000. Winslow Evans & Crocker Inc. raised its stake in Skyworks Solutions by 3.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock valued at $104,000 after buying an additional 35 shares during the period. WFG Advisors LP raised its stake in Skyworks Solutions by 18.6% in the first quarter. WFG Advisors LP now owns 1,155 shares of the semiconductor manufacturer’s stock valued at $113,000 after buying an additional 181 shares during the period. Sun Life Financial INC raised its stake in Skyworks Solutions by 551.5% in the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock valued at $129,000 after buying an additional 1,136 shares during the period. Finally, TrimTabs Asset Management LLC raised its stake in Skyworks Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,410 shares of the semiconductor manufacturer’s stock valued at $138,000 after buying an additional 664 shares during the period. Hedge funds and other institutional investors own 80.86% of the company’s stock.
Skyworks Solutions Company Profile
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
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