Skyworks Solutions, Inc. (SWKS) Rating Reiterated by Craig Hallum
Skyworks Solutions, Inc. (NASDAQ:SWKS)‘s stock had its “buy” rating reaffirmed by Craig Hallum in a note issued to investors on Thursday.
Other analysts have also issued reports about the company. Mizuho raised their price objective on Skyworks Solutions from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 21st. B. Riley reissued a “buy” rating and set a $120.00 price target on shares of Skyworks Solutions in a research note on Monday, July 17th. Vetr lowered Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $116.12 price target on the stock. in a research note on Monday, July 17th. Argus started coverage on Skyworks Solutions in a research note on Thursday, July 6th. They set a “buy” rating and a $120.00 price target on the stock. Finally, BidaskClub lowered Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $111.82.
Skyworks Solutions (NASDAQ:SWKS) traded up 0.93% on Thursday, hitting $103.08. The company had a trading volume of 1,339,330 shares. The firm has a 50-day moving average price of $104.54 and a 200-day moving average price of $102.42. Skyworks Solutions has a 12-month low of $71.65 and a 12-month high of $112.11. The firm has a market capitalization of $18.94 billion, a PE ratio of 19.79 and a beta of 0.81.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.05. The business had revenue of $900.80 million for the quarter, compared to analyst estimates of $890.58 million. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. Skyworks Solutions’s revenue was up 19.8% compared to the same quarter last year. During the same period last year, the firm posted $1.24 earnings per share. On average, equities research analysts anticipate that Skyworks Solutions will post $6.39 earnings per share for the current fiscal year.
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In other Skyworks Solutions news, Director Christine King sold 3,705 shares of the firm’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 value of $395,768.10. Following the completion of the sale, the director now owns 16,641 shares of the company’s stock, valued at $1,777,591.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Liam Griffin sold 2,610 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $99.98, for a total value of $260,947.80. Following the completion of the sale, the insider now directly 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 sold 14,371 shares of company stock valued at $1,505,093 in the last three months. Insiders own 0.49% of the company’s stock.
A number of institutional investors have recently made changes to their positions in SWKS. BlackRock Inc. grew its stake in Skyworks Solutions by 3,071.2% in the first quarter. BlackRock Inc. now owns 12,053,655 shares of the semiconductor manufacturer’s stock valued at $1,181,019,000 after acquiring an additional 11,673,555 shares during the period. Winslow Capital Management LLC acquired a new stake in Skyworks Solutions in the first quarter valued at approximately $205,388,000. Voya Investment Management LLC grew its stake in Skyworks Solutions by 953.8% in the second quarter. Voya Investment Management LLC now owns 1,290,395 shares of the semiconductor manufacturer’s stock valued at $123,813,000 after acquiring an additional 1,167,942 shares during the period. Old Mutual Global Investors UK Ltd. grew its stake in Skyworks Solutions by 587.3% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,305,942 shares of the semiconductor manufacturer’s stock valued at $125,305,000 after acquiring an additional 1,115,938 shares during the period. Finally, AQR Capital Management LLC grew its stake in Skyworks Solutions by 138.9% in the first quarter. AQR Capital Management LLC now owns 1,406,274 shares of the semiconductor manufacturer’s stock valued at $137,787,000 after acquiring an additional 817,721 shares during the period. 80.84% of the stock is owned by hedge funds and other institutional investors.
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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