Barclays PLC Reaffirms “Overweight” Rating for Skyworks Solutions, Inc. (NASDAQ:SWKS)
Skyworks Solutions, Inc. (NASDAQ:SWKS)‘s stock had its “overweight” rating reaffirmed by research analysts at Barclays PLC in a research report issued to clients and investors on Friday.
Other research analysts have also issued reports about the company. Vetr lowered Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $112.92 price target for the company. in a research report on Thursday, April 20th. Zacks Investment Research raised Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a research report on Tuesday, April 11th. Craig Hallum boosted their price target on Skyworks Solutions from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, April 4th. Needham & Company LLC reissued a “buy” rating and issued a $108.00 price target (up from $92.00) on shares of Skyworks Solutions in a research report on Friday, April 28th. Finally, Drexel Hamilton boosted their price target on Skyworks Solutions from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company. Skyworks Solutions presently has an average rating of “Buy” and an average target price of $104.53.
Skyworks Solutions (NASDAQ SWKS) traded down 0.15% during midday trading on Friday, hitting $107.48. The stock had a trading volume of 2,729,360 shares. Skyworks Solutions has a 52-week low of $62.40 and a 52-week high of $112.11. The company’s 50 day moving average price is $102.89 and its 200-day moving average price is $97.40. The stock has a market cap of $19.83 billion, a PE ratio of 22.16 and a beta of 0.81.
Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.05. The business had revenue of $900.80 million during the quarter, compared to analyst estimates of $890.58 million. Skyworks Solutions had a return on equity of 28.00% and a net margin of 27.27%. Skyworks Solutions’s revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 EPS. Analysts forecast that Skyworks Solutions will post $6.32 EPS for the current fiscal year.
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In other Skyworks Solutions news, VP Robert John Terry sold 3,233 shares of the stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $100.26, for a total transaction of $324,140.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christine King sold 3,500 shares of the stock in a transaction that occurred 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 transaction, the director now directly 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. Insiders sold a total of 93,458 shares of company stock valued at $9,512,091 in the last ninety days. 0.49% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in SWKS. Invictus RG purchased a new position in shares of Skyworks Solutions during the first quarter worth approximately $101,000. Winslow Evans & Crocker Inc. boosted its position in shares of Skyworks Solutions by 5.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the semiconductor manufacturer’s stock worth $103,000 after buying an additional 50 shares during the last quarter. Tompkins Financial Corp purchased a new position in shares of Skyworks Solutions during the first quarter worth approximately $107,000. WFG Advisors LP boosted its position in shares of Skyworks Solutions by 18.6% in the first quarter. WFG Advisors LP now owns 1,155 shares of the semiconductor manufacturer’s stock worth $113,000 after buying an additional 181 shares during the last quarter. Finally, TrimTabs Asset Management LLC boosted its position in shares of Skyworks Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,410 shares of the semiconductor manufacturer’s stock worth $138,000 after buying an additional 664 shares during the last quarter. 81.27% of the stock is owned by institutional investors and hedge funds.
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.
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