SWKS has been the topic of several other research reports. Oppenheimer Holdings Inc. reaffirmed an outperform rating and set a $100.00 target price on shares of Skyworks Solutions in a research note on Friday, September 16th. Pacific Crest reissued an equal weight rating on shares of Skyworks Solutions in a research note on Thursday, September 15th. Drexel Hamilton reissued a buy rating and issued a $90.00 price target on shares of Skyworks Solutions in a research note on Tuesday, August 30th. Vetr raised Skyworks Solutions from a buy rating to a strong-buy rating and set a $76.56 price target for the company in a research note on Monday, September 12th. Finally, Morgan Stanley started coverage on Skyworks Solutions in a research note on Monday, June 27th. They issued an underweight rating and a $61.00 price target for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company. Skyworks Solutions presently has a consensus rating of Buy and an average target price of $82.91.
Shares of Skyworks Solutions (NASDAQ:SWKS) opened at 72.82 on Wednesday. The firm has a market cap of $13.65 billion, a P/E ratio of 14.42 and a beta of 1.15. Skyworks Solutions has a 52-week low of $54.50 and a 52-week high of $88.52. The stock’s 50 day moving average is $72.29 and its 200-day moving average is $69.40.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.03. Skyworks Solutions had a return on equity of 29.31% and a net margin of 29.32%. The company had revenue of $751.70 million for the quarter, compared to analysts’ expectations of $750.22 million. Equities analysts anticipate that Skyworks Solutions will post $5.53 earnings per share for the current fiscal year.
In related news, VP Mark V. B. Tremallo sold 7,692 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $75.64, for a total value of $581,822.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman David J. Aldrich sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $59.46, for a total value of $891,900.00. Following the completion of the transaction, the chairman now owns 140,327 shares in the company, valued at approximately $8,343,843.42. The disclosure for this sale can be found here. 0.62% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of SWKS. Fuller & Thaler Asset Management Inc. boosted its position in Skyworks Solutions by 260.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the semiconductor manufacturer’s stock valued at $114,000 after buying an additional 1,300 shares in the last quarter. Bellwether Investment Group LLC purchased a new position in Skyworks Solutions during the second quarter valued at about $125,000. Synovus Financial Corp boosted its position in Skyworks Solutions by 16.0% in the second quarter. Synovus Financial Corp now owns 2,282 shares of the semiconductor manufacturer’s stock valued at $143,000 after buying an additional 315 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in Skyworks Solutions by 39.7% in the second quarter. Checchi Capital Advisers LLC now owns 2,369 shares of the semiconductor manufacturer’s stock valued at $150,000 after buying an additional 673 shares in the last quarter. Finally, Mizuho Asset Management Co. Ltd. boosted its position in Skyworks Solutions by 101.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,585 shares of the semiconductor manufacturer’s stock valued at $164,000 after buying an additional 1,302 shares in the last quarter. Institutional investors and hedge funds own 76.66% of the company’s stock.
About Skyworks Solutions
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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