Skyworks Solutions, Inc. (NASDAQ:SWKS)‘s stock had its “buy” rating reiterated by investment analysts at Instinet in a research report issued to clients and investors on Tuesday. They presently have a $115.00 price objective on the semiconductor manufacturer’s stock. Instinet’s target price would indicate a potential upside of 15.49% from the company’s previous close.

Several other research firms have also commented on SWKS. Vetr raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $113.68 price target for the company in a report on Monday, June 12th. BidaskClub raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Argus initiated coverage on shares of Skyworks Solutions in a report on Thursday, July 6th. They issued a “buy” rating and a $120.00 price target for the company. Zacks Investment Research lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Finally, B. Riley reaffirmed a “buy” rating and issued a $120.00 price target on shares of Skyworks Solutions in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and one has assigned 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) last posted its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.05. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The business had revenue of $900.80 million during the quarter, compared to analyst estimates of $890.58 million. During the same period in the previous year, the business posted $1.24 EPS. The company’s quarterly revenue was up 19.8% on a year-over-year basis.

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In other news, Director Christine King sold 3,705 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total value of $395,768.10. Following the transaction, the director now directly owns 16,641 shares of the company’s stock, valued at $1,777,591.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Liam Griffin sold 2,610 shares of Skyworks Solutions stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $99.98, for a total transaction of $260,947.80. Following the completion of the transaction, the insider now directly owns 50,408 shares in the company, valued at $5,039,791.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,371 shares of company stock worth $1,505,093. 0.49% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in SWKS. Invictus RG purchased a new position in shares of Skyworks Solutions in the first quarter worth approximately $101,000. 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 worth $104,000 after acquiring an additional 35 shares in the last quarter. WFG Advisors LP increased 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 acquiring an additional 181 shares in the last quarter. Sun Life Financial INC increased its position in shares of 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, Pathstone Family Office LLC purchased a new position in shares of Skyworks Solutions in the first quarter worth approximately $177,000. 80.84% of the stock is currently owned by institutional investors and hedge funds.

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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