Skyworks Solutions, Inc. (NASDAQ:SWKS)‘s stock had its “buy” rating reissued by equities research analysts at B. Riley in a report released on Monday. They presently have a $120.00 price target on the semiconductor manufacturer’s stock. B. Riley’s price target would suggest a potential upside of 15.40% from the company’s current price.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research raised Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research note on Tuesday, April 11th. Craig Hallum raised their target price on Skyworks Solutions from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, April 4th. Charter Equity reaffirmed a “buy” rating on shares of Skyworks Solutions in a report on Monday, March 20th. Macquarie assumed coverage on Skyworks Solutions in a report on Thursday, March 30th. They issued an “outperform” rating and a $110.00 target price on the stock. Finally, Mizuho reaffirmed a “buy” rating on shares of Skyworks Solutions in a report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. Skyworks Solutions presently has a consensus rating of “Buy” and an average target price of $102.92.

Skyworks Solutions (SWKS) opened at 103.99 on Monday. The stock has a market capitalization of $19.19 billion, a PE ratio of 21.44 and a beta of 0.81. Skyworks Solutions has a 1-year low of $62.40 and a 1-year high of $112.11. The stock’s 50 day moving average price is $104.22 and its 200 day moving average price is $94.94.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Thursday, April 27th. The semiconductor manufacturer reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.03. Skyworks Solutions had a return on equity of 28.00% and a net margin of 27.27%. The business had revenue of $851.70 million for the quarter, compared to the consensus estimate of $840.43 million. During the same period last year, the business earned $1.25 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. Equities research analysts forecast that Skyworks Solutions will post $6.32 earnings per share for the current year.

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In other Skyworks Solutions news, VP Robert John Terry sold 3,233 shares of Skyworks Solutions stock in a transaction on Monday, May 1st. The stock was sold at an average price of $100.26, for a total value of $324,140.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christine King sold 3,500 shares of Skyworks Solutions stock in a transaction on Monday, June 5th. The shares were sold at an average price of $108.84, for a total value of $380,940.00. Following the completion of the transaction, the director now owns 16,436 shares of the company’s stock, valued at approximately $1,788,894.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 93,458 shares of company stock valued at $9,512,091. Corporate insiders own 0.49% of the company’s stock.

A number of institutional investors have recently modified their holdings of SWKS. BancorpSouth Inc increased its position in shares of Skyworks Solutions by 0.7% in the third quarter. BancorpSouth Inc now owns 3,219 shares of the semiconductor manufacturer’s stock valued at $245,000 after buying an additional 21 shares during the last quarter. Winslow Evans & Crocker Inc. increased its position in shares of Skyworks Solutions by 3.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock valued at $104,000 after buying an additional 35 shares during the last quarter. New England Research & Management Inc. increased 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 during the last quarter. Cleararc Capital Inc. increased its position in shares of Skyworks Solutions by 1.1% in the first quarter. Cleararc Capital Inc. now owns 4,544 shares of the semiconductor manufacturer’s stock valued at $445,000 after buying an additional 50 shares during the last quarter. Finally, Norinchukin Bank The increased its position in shares of Skyworks Solutions by 0.6% in the third quarter. Norinchukin Bank The now owns 10,038 shares of the semiconductor manufacturer’s stock valued at $764,000 after buying an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 81.27% 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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