Skyworks Solutions Inc. Hits New 52-Week High at $31.80 (SWKS)
Shares of Skyworks Solutions (NASDAQ:SWKS) hit a new 52-week high during trading on Friday, American Banking News reports. The stock traded as high as $31.80 and last traded at $30.62, with a volume of 10,208,051 shares trading hands. The stock had previously closed at $28.62.
A number of research firms have recently commented on SWKS. Analysts at Barclays raised their price target on shares of Skyworks Solutions from $23.00 to $26.00 in a research note to investors on Friday. They now have an “equal weight” rating on the stock. Separately, analysts at DA Davidson reiterated a “buy” rating on shares of Skyworks Solutions in a research note to investors on Friday. They now have a $40.00 price target on the stock, up previously from $35.00. Finally, analysts at Northland Securities raised their price target on shares of Skyworks Solutions to $40.00 in a research note to investors on Friday. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Skyworks Solutions presently has an average rating of “Buy” and a consensus target price of $34.00.
In other Skyworks Solutions news, CEO David Aldrich sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $28.00, for a total transaction of $1,680,000.00. Following the completion of the transaction, the chief executive officer now directly owns 349,928 shares in the company, valued at approximately $9,797,984. The sale was disclosed in a filing with the SEC, which is available at this link.
Skyworks Solutions has a one year low of $19.57 and a one year high of $29.30. The stock has a 50-day moving average of $27.91 and a 200-day moving average of $25.47. The company has a market cap of $5.730 billion and a P/E ratio of 19.74.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings data on Thursday, January 16th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.66 by $0.01. The company had revenue of $505.00 million for the quarter, compared to the consensus estimate of $500.01 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. Analysts expect that Skyworks Solutions will post $2.56 EPS for the current fiscal year.
Skyworks Solutions, Inc (NASDAQ:SWKS) offers analog and mixed signal semiconductors.
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