Skyworks Solutions, Inc. (SWKS) Stock Rating Upgraded by BidaskClub

Skyworks Solutions, Inc. (NASDAQ:SWKS) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.

SWKS has been the subject of a number of other research reports. ValuEngine downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. BMO Capital Markets reissued a “hold” rating and set a $100.00 target price on shares of Skyworks Solutions in a research note on Friday, July 21st. Canaccord Genuity lifted their target price on shares of Skyworks Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Pacific Crest reissued an “overweight” rating on shares of Skyworks Solutions in a research note on Monday, April 24th. Finally, Mizuho reissued a “buy” rating on shares of Skyworks Solutions in a research note on Friday, April 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $110.43.

Shares of Skyworks Solutions (SWKS) opened at 102.21 on Thursday. The company has a market cap of $18.78 billion, a PE ratio of 19.62 and a beta of 0.82. Skyworks Solutions has a 12 month low of $65.76 and a 12 month high of $112.11. The firm’s 50 day moving average is $103.25 and its 200 day moving average is $100.57.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The business had revenue of $900.80 million during the quarter, compared to the consensus estimate of $890.58 million. During the same quarter last year, the firm earned $1.24 earnings per share. Skyworks Solutions’s quarterly revenue was up 19.8% on a year-over-year basis. On average, equities analysts predict that Skyworks Solutions will post $6.39 earnings per share for the current year.

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In other Skyworks Solutions news, Director Christine King sold 3,500 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $108.84, for a total value of $380,940.00. Following the transaction, the director now directly owns 16,436 shares in the company, valued at $1,788,894.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Liam Griffin sold 8,056 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $105.31, for a total transaction of $848,377.36. Following the completion of the transaction, the insider now owns 54,310 shares in the company, valued at $5,719,386.10. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Girard Partners LTD. boosted its position in Skyworks Solutions by 0.3% in the second quarter. Girard Partners LTD. now owns 5,819 shares of the semiconductor manufacturer’s stock worth $558,000 after buying an additional 16 shares during the last quarter. Cadence Capital Management LLC boosted its position in Skyworks Solutions by 0.3% in the second quarter. Cadence Capital Management LLC now owns 7,687 shares of the semiconductor manufacturer’s stock worth $738,000 after buying an additional 21 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its position 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 worth $104,000 after buying an additional 35 shares during the last quarter. Montag A & Associates Inc. boosted its position in Skyworks Solutions by 0.5% in the second quarter. Montag A & Associates Inc. now owns 9,108 shares of the semiconductor manufacturer’s stock worth $874,000 after buying an additional 41 shares during the last quarter. Finally, Cleararc Capital Inc. boosted its position in Skyworks Solutions by 1.1% in the first quarter. Cleararc Capital Inc. now owns 4,544 shares of the semiconductor manufacturer’s stock worth $445,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 81.26% 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.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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