Skyworks Solutions (NASDAQ:SWKS) Upgraded to Hold by BidaskClub

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Skyworks Solutions (NASDAQ:SWKS) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Friday, BidAskClub reports.

Other analysts have also issued research reports about the stock. Charter Equity upgraded shares of Skyworks Solutions from a “market perform” rating to a “buy” rating in a research note on Friday, January 24th. Needham & Company LLC upped their target price on shares of Skyworks Solutions from $120.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Raymond James upped their target price on shares of Skyworks Solutions from $110.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. ValuEngine upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Longbow Research upped their target price on shares of Skyworks Solutions from $138.00 to $142.00 and gave the stock a “positive” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty have issued a buy rating to the stock. Skyworks Solutions has an average rating of “Buy” and a consensus target price of $116.29.

Shares of SWKS stock opened at $92.96 on Friday. The firm has a market capitalization of $14.85 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25. The firm has a fifty day simple moving average of $99.72 and a two-hundred day simple moving average of $100.74. The company has a current ratio of 7.04, a quick ratio of 5.23 and a debt-to-equity ratio of 0.04. Skyworks Solutions has a 12 month low of $66.29 and a 12 month high of $128.48.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Thursday, January 23rd. The semiconductor manufacturer reported $1.68 EPS for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.16. The business had revenue of $896.10 million during the quarter, compared to analyst estimates of $881.80 million. Skyworks Solutions had a net margin of 25.02% and a return on equity of 23.03%. Skyworks Solutions’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.83 EPS. On average, equities analysts predict that Skyworks Solutions will post 5.59 earnings per share for the current fiscal year.

In related news, CEO Liam Griffin sold 11,922 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $117.88, for a total transaction of $1,405,365.36. Following the completion of the transaction, the chief executive officer now owns 76,459 shares in the company, valued at $9,012,986.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director David J. Aldrich sold 7,560 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $120.01, for a total transaction of $907,275.60. Following the transaction, the director now owns 155,592 shares of the company’s stock, valued at approximately $18,672,595.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,482 shares of company stock valued at $2,436,651. 0.64% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in Skyworks Solutions by 1.9% during the fourth quarter. State Street Corp now owns 8,028,543 shares of the semiconductor manufacturer’s stock valued at $970,490,000 after purchasing an additional 147,186 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Skyworks Solutions by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 2,865,587 shares of the semiconductor manufacturer’s stock valued at $345,730,000 after purchasing an additional 154,766 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Skyworks Solutions by 7.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,743,916 shares of the semiconductor manufacturer’s stock valued at $331,685,000 after purchasing an additional 186,512 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Skyworks Solutions by 39.3% during the fourth quarter. Victory Capital Management Inc. now owns 2,110,017 shares of the semiconductor manufacturer’s stock valued at $255,060,000 after purchasing an additional 595,282 shares during the last quarter. Finally, Norges Bank purchased a new stake in Skyworks Solutions during the fourth quarter valued at about $224,353,000. 81.57% of the stock is currently owned by institutional investors and hedge funds.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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