Vetr cut shares of Skyworks Solutions Inc. (NASDAQ:SWKS) from a hold rating to a sell rating in a research note released on Monday morning. Vetr currently has $76.75 price target on the semiconductor manufacturer’s stock.
Several other research analysts have also recently weighed in on the company. Morgan Stanley started coverage on Skyworks Solutions in a research report on Monday, June 27th. They set an underweight rating and a $61.00 price objective for the company. Pacific Crest reaffirmed an equal weight rating on shares of Skyworks Solutions in a research report on Thursday, September 15th. Credit Agricole SA raised Skyworks Solutions from an underperform rating to an outperform rating and upped their price objective for the stock from $73.00 to $77.00 in a research report on Tuesday, August 9th. Charter Equity raised Skyworks Solutions from a market perform rating to a buy rating in a research report on Tuesday, October 4th. Finally, Brean Capital reaffirmed a buy rating on shares of Skyworks Solutions in a research report on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $83.05.
Shares of Skyworks Solutions (NASDAQ:SWKS) opened at 78.82 on Monday. The stock has a market capitalization of $14.78 billion, a P/E ratio of 15.61 and a beta of 1.06. Skyworks Solutions has a 1-year low of $54.50 and a 1-year high of $88.52. The stock’s 50 day moving average price is $74.87 and its 200-day moving average price is $69.63.
Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Thursday, July 21st. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.03. The company earned $751.70 million during the quarter, compared to analysts’ expectations of $750.22 million. Skyworks Solutions had a return on equity of 29.31% and a net margin of 29.32%. Equities research analysts anticipate that Skyworks Solutions will post $5.53 EPS for the current fiscal year.
In other news, EVP Bruce J. Freyman sold 36,272 shares of the stock in a transaction on Monday, October 10th. The stock was sold at an average price of $80.00, for a total value of $2,901,760.00. Following the completion of the transaction, the executive vice president now directly owns 41,675 shares in the company, valued at approximately $3,334,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bruce J. Freyman sold 3,221 shares of the stock in a transaction on Monday, August 29th. The shares were sold at an average price of $75.00, for a total value of $241,575.00. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. New England Research & Management Inc. raised its position in shares of Skyworks Solutions by 0.8% in the third quarter. New England Research & Management Inc. now owns 5,950 shares of the semiconductor manufacturer’s stock valued at $453,000 after buying an additional 50 shares in the last quarter. Moody Lynn & Lieberson LLC raised its position in Skyworks Solutions by 0.8% in the second quarter. Moody Lynn & Lieberson LLC now owns 8,686 shares of the semiconductor manufacturer’s stock valued at $550,000 after buying an additional 65 shares during the period. Independent Portfolio Consultants Inc. raised its position in Skyworks Solutions by 2.3% in the third quarter. Independent Portfolio Consultants Inc. now owns 2,910 shares of the semiconductor manufacturer’s stock valued at $222,000 after buying an additional 65 shares during the period. Ranger Investment Management L.P. raised its position in Skyworks Solutions by 1.7% in the second quarter. Ranger Investment Management L.P. now owns 5,540 shares of the semiconductor manufacturer’s stock valued at $351,000 after buying an additional 90 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in Skyworks Solutions by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 33,300 shares of the semiconductor manufacturer’s stock valued at $2,107,000 after buying an additional 100 shares during the period. 76.66% of the stock is owned by institutional investors and hedge funds.
Skyworks Solutions Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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