Skyworks Solutions, Inc. (NASDAQ:SWKS) had its target price raised by research analysts at Craig Hallum from $120.00 to $125.00 in a report issued on Friday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the semiconductor manufacturer’s stock. Craig Hallum’s price target suggests a potential upside of 16.31% from the company’s current price.

Several other analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research report on Tuesday, April 11th. Macquarie assumed coverage on shares of Skyworks Solutions in a research report on Thursday, March 30th. They set an “outperform” rating and a $110.00 price target on the stock. Mizuho reissued a “buy” rating on shares of Skyworks Solutions in a research report on Friday, April 28th. Charter Equity reissued a “buy” rating on shares of Skyworks Solutions in a research report on Saturday, April 29th. Finally, Vetr raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $110.82 price target on the stock in a research report on Tuesday, April 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company’s stock. Skyworks Solutions has an average rating of “Buy” and a consensus target price of $106.74.

Shares of Skyworks Solutions (NASDAQ:SWKS) traded down 0.16% during midday trading on Friday, reaching $107.47. 3,844,869 shares of the company were exchanged. The firm has a market capitalization of $19.83 billion, a P/E ratio of 22.15 and a beta of 0.81. Skyworks Solutions has a 52 week low of $62.40 and a 52 week high of $112.11. The firm has a 50-day moving average of $102.89 and a 200 day moving average of $97.40.

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 the Thomson Reuters’ consensus estimate of $1.52 by $0.05. The company had revenue of $900.80 million during the quarter, compared to analyst estimates of $890.58 million. Skyworks Solutions had a net margin of 27.86% and a return on equity of 29.13%. Skyworks Solutions’s revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.24 earnings per share. On average, equities research analysts expect that Skyworks Solutions will post $6.32 EPS for the current year.

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In other news, insider Liam Griffin sold 21,000 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $100.25, for a total transaction of $2,105,250.00. Following the transaction, the insider now directly owns 74,782 shares in the company, valued at $7,496,895.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Robert John Terry sold 3,233 shares of the firm’s 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,458 shares of company stock worth $9,512,091. Insiders own 0.49% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans raised its position in Skyworks Solutions by 4.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,410 shares of the semiconductor manufacturer’s stock worth $479,000 after buying an additional 260 shares during the period. UBS Asset Management Americas Inc. raised its position in Skyworks Solutions by 25.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,144,467 shares of the semiconductor manufacturer’s stock worth $85,447,000 after buying an additional 233,163 shares during the period. USA Financial Portformulas Corp purchased a new position in Skyworks Solutions during the fourth quarter worth $1,369,000. Teachers Advisors LLC raised its position in Skyworks Solutions by 24.7% in the fourth quarter. Teachers Advisors LLC now owns 464,483 shares of the semiconductor manufacturer’s stock worth $34,678,000 after buying an additional 92,102 shares during the period. Finally, Kentucky Retirement Systems purchased a new position in Skyworks Solutions during the fourth quarter worth $1,007,000. Hedge funds and other institutional investors own 81.27% 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.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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