Skyworks Solutions, Inc. (SWKS) Rating Reiterated by Craig Hallum
Skyworks Solutions, Inc. (NASDAQ:SWKS)‘s stock had its “buy” rating reissued by Craig Hallum in a research note issued to investors on Wednesday.
A number of other analysts have also issued reports on SWKS. Vetr upgraded shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $116.14 price target on the stock in a research note on Wednesday, May 17th. ValuEngine downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Raymond James Financial, Inc. reissued an “outperform” rating and set a $120.00 price objective on shares of Skyworks Solutions in a research report on Friday, June 16th. Pacific Crest reissued an “overweight” rating and set a $120.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, June 21st. Finally, BidaskClub downgraded Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $111.83.
Skyworks Solutions (NASDAQ SWKS) traded up 0.623% during mid-day trading on Wednesday, hitting $107.465. 645,130 shares of the stock were exchanged. Skyworks Solutions has a 12-month low of $69.51 and a 12-month high of $112.11. The company has a 50 day moving average of $104.32 and a 200 day moving average of $101.97. The firm has a market cap of $19.75 billion, a P/E ratio of 20.627 and a beta of 0.81.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.05. The company had revenue of $900.80 million for 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 28.67%. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 earnings per share. On average, equities analysts anticipate that Skyworks Solutions will post $6.39 earnings per share for the current fiscal year.
In other news, Director Christine King sold 3,705 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total transaction of $395,768.10. Following the completion of the sale, the director now owns 16,641 shares in the company, valued at $1,777,591.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Liam Griffin sold 2,610 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $99.98, for a total value of $260,947.80. Following the sale, the insider now owns 50,408 shares of the company’s stock, valued at approximately $5,039,791.84. The disclosure for this sale can be found here. Insiders have sold 14,371 shares of company stock valued at $1,505,093 in the last 90 days. Company insiders own 0.49% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in SWKS. Invictus RG purchased a new position in Skyworks Solutions in the first quarter worth $101,000. Winslow Evans & Crocker Inc. raised its position in Skyworks Solutions by 3.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock worth $104,000 after acquiring an additional 35 shares in the last quarter. WFG Advisors LP raised its position in 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 acquiring an additional 181 shares in the last quarter. Sun Life Financial INC raised its position in Skyworks Solutions by 551.5% in the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock worth $129,000 after acquiring an additional 1,136 shares in the last quarter. Finally, TrimTabs Asset Management LLC raised its position in 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 acquiring an additional 664 shares in the last quarter. Hedge funds and other institutional investors own 80.86% 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.
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