Several other analysts have also commented on the stock. Vetr lowered shares of Skyworks Solutions from a buy rating to a hold rating and set a $78.02 price target on the stock. in a research report on Monday, October 3rd. Canaccord Genuity restated a buy rating and set a $92.00 target price on shares of Skyworks Solutions in a research report on Friday, September 23rd. Brean Capital restated a buy rating on shares of Skyworks Solutions in a research report on Wednesday, September 21st. Oppenheimer Holdings Inc. restated an outperform rating and set a $100.00 target price on shares of Skyworks Solutions in a research report on Friday, September 16th. Finally, Pacific Crest restated an equal weight rating on shares of Skyworks Solutions in a research report on Thursday, September 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the stock. Skyworks Solutions currently has a consensus rating of Buy and an average target price of $82.91.
Skyworks Solutions (NASDAQ:SWKS) opened at 79.37 on Tuesday. The firm has a market cap of $14.88 billion, a P/E ratio of 15.72 and a beta of 1.06. The firm has a 50 day moving average of $74.30 and a 200 day moving average of $69.57. Skyworks Solutions has a 1-year low of $54.50 and a 1-year high of $88.52.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating the consensus estimate of $1.21 by $0.03. The business had revenue of $751.70 million for the quarter, compared to analyst estimates of $750.22 million. Skyworks Solutions had a net margin of 29.32% and a return on equity of 29.31%. On average, equities research analysts expect that Skyworks Solutions will post $5.53 EPS for the current year.
In other news, VP Mark V. B. Tremallo sold 17,100 shares of Skyworks Solutions stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $76.40, for a total value of $1,306,440.00. Following the completion of the transaction, the vice president now directly owns 14,998 shares of the company’s stock, valued at approximately $1,145,847.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Bruce J. Freyman sold 3,221 shares of Skyworks Solutions stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $75.00, for a total transaction of $241,575.00. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP raised its position in Skyworks Solutions by 220.3% in the first quarter. Wellington Management Group LLP now owns 6,231,589 shares of the semiconductor manufacturer’s stock valued at $485,441,000 after buying an additional 4,286,283 shares during the period. Capital Research Global Investors raised its position in Skyworks Solutions by 18.9% in the second quarter. Capital Research Global Investors now owns 23,273,661 shares of the semiconductor manufacturer’s stock valued at $1,472,757,000 after buying an additional 3,692,877 shares during the period. Villere ST Denis J & Co. LLC acquired a new position in Skyworks Solutions during the second quarter valued at approximately $66,184,000. JPMorgan Chase & Co. raised its position in Skyworks Solutions by 568.4% in the first quarter. JPMorgan Chase & Co. now owns 849,066 shares of the semiconductor manufacturer’s stock valued at $66,142,000 after buying an additional 1,030,325 shares during the period. Finally, Lazard Asset Management LLC raised its position in Skyworks Solutions by 709.2% in the first quarter. Lazard Asset Management LLC now owns 1,163,126 shares of the semiconductor manufacturer’s stock valued at $90,607,000 after buying an additional 1,019,385 shares during the period. 76.66% of the stock is owned by institutional investors and hedge funds.
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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