Skyworks Solutions Inc (NASDAQ:SWKS) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Thursday. They presently have a $112.92 price objective on the semiconductor manufacturer’s stock. Vetr‘s price objective would indicate a potential upside of 11.11% from the company’s current price.

A number of other research analysts have also recently commented on the stock. Barclays PLC boosted their target price on shares of Skyworks Solutions to $144.00 in a research report on Monday, March 13th. Charter Equity reissued a “buy” rating on shares of Skyworks Solutions in a research report on Monday, March 20th. Craig Hallum boosted their target price on shares of Skyworks Solutions from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, April 4th. Zacks Investment Research cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 21st. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $105.00 target price (up from $100.00) on shares of Skyworks Solutions in a research report on Tuesday, January 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Skyworks Solutions presently has a consensus rating of “Buy” and an average price target of $96.21.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

Shares of Skyworks Solutions (NASDAQ:SWKS) traded up 2.41% during trading on Thursday, hitting $101.63. 1,900,532 shares of the stock traded hands. The firm has a market cap of $18.79 billion, a PE ratio of 21.50 and a beta of 0.88. Skyworks Solutions has a 52-week low of $57.11 and a 52-week high of $102.64. The company’s 50 day moving average is $98.01 and its 200 day moving average is $85.52.

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In other news, insider Peter L. Gammel sold 1,500 shares of the company’s stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $97.92, for a total transaction of $146,880.00. Following the completion of the transaction, the insider now owns 17,605 shares in the company, valued at $1,723,881.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Liam Griffin sold 31,250 shares of the company’s stock in a transaction dated Friday, January 20th. The stock was sold at an average price of $85.00, for a total transaction of $2,656,250.00. Following the transaction, the insider now owns 68,782 shares of the company’s stock, valued at approximately $5,846,470. The disclosure for this sale can be found here. Insiders have sold 91,200 shares of company stock valued at $8,137,314 in the last 90 days. Insiders own 0.62% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in Skyworks Solutions by 5.4% in the fourth quarter. State Street Corp now owns 7,700,222 shares of the semiconductor manufacturer’s stock valued at $574,898,000 after buying an additional 395,998 shares in the last quarter. Lazard Asset Management LLC raised its position in Skyworks Solutions by 21.2% in the third quarter. Lazard Asset Management LLC now owns 6,522,708 shares of the semiconductor manufacturer’s stock valued at $496,638,000 after buying an additional 1,141,188 shares in the last quarter. FMR LLC raised its position in Skyworks Solutions by 3.7% in the fourth quarter. FMR LLC now owns 5,309,840 shares of the semiconductor manufacturer’s stock valued at $396,433,000 after buying an additional 187,834 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in Skyworks Solutions during the third quarter valued at approximately $278,774,000. Finally, Northern Trust Corp raised its position in Skyworks Solutions by 1.8% in the third quarter. Northern Trust Corp now owns 2,171,761 shares of the semiconductor manufacturer’s stock valued at $165,359,000 after buying an additional 37,535 shares in the last quarter. Institutional investors and hedge funds own 82.29% of the company’s stock.

About Skyworks Solutions

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.

5 Day Chart for NASDAQ:SWKS

To view Vetr’s full report, visit Vetr’s official website.

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