Several brokerages have updated their recommendations and price targets on shares of Skyworks Solutions (NASDAQ: SWKS) in the last few weeks:

  • 9/26/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at Instinet. They now have a $115.00 price target on the stock.
  • 9/21/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at Craig Hallum.
  • 9/20/2017 – Skyworks Solutions was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Skyworks has outperformed the industry on a year-to-date basis. The company is gaining from strong demand for its Wi-Fi, Zigbee and LTE solutions. Further, strategic design wins in IoT, automotive and 5G markets are significant positives for the company in the long haul. The recent launch of iPhone 8 and upcoming iPhone X are key catalysts for the company. However, heavy investments in research & product development and escalating operating expenses are affecting margins, which is a concern. Moreover, slow growth rate of the smartphone market and piled up inventories with Chinese smartphone providers are headwinds.”
  • 9/18/2017 – Skyworks Solutions was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $112.42 price target on the stock.
  • 9/17/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $110.00 price target on the stock.
  • 9/14/2017 – Skyworks Solutions had its “overweight” rating reaffirmed by analysts at KeyCorp.
  • 9/13/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at Craig Hallum.
  • 9/11/2017 – Skyworks Solutions was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $117.00 price target on the stock. According to Zacks, “Skyworks has outperformed the industry on a year-to-date basis. The company is gaining from strong demand for its Wi-Fi, Zigbee and LTE solutions. Further, strategic design wins in IoT, automotive and 5G markets are significant positives for the company in the long haul. The upcoming launch of iPhone 8 is a key catalyst for the company. However, heavy investments in R&D and escalating operating expenses are affecting margins, which is a headwind.”
  • 9/6/2017 – Skyworks Solutions is now covered by analysts at Instinet. They set a “buy” rating and a $115.00 price target on the stock.
  • 9/5/2017 – Skyworks Solutions was upgraded by analysts at Citigroup Inc. from a “sell” rating to a “buy” rating. They now have a $125.00 price target on the stock.
  • 9/1/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $120.00 price target on the stock.
  • 8/29/2017 – Skyworks Solutions was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $114.47 price target on the stock.
  • 8/28/2017 – Skyworks Solutions was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $114.00 price target on the stock. According to Zacks, “Skyworks reported strong third-quarter fiscal 2017 results. Both earnings and revenues increased on a year-over-year basis. Strong demand for Wi-Fi, Zigbee and LTE solutions have helped the company to gain traction. Management provided optimistic guidance for the fourth-quarter. We note that Skyworks has outperformed the broader market on a year-to-date basis. Further, strategic design wins in IoT, automotive and 5G markets to remain significant positives for the company in the long haul. However, heavy investments in R&D are escalating operating expenses, which is affecting margins. Significant pricing pressure, technological obsolescence and high concentration risks remain additional headwinds. Additionally the delay in launch of iPhone 8 seems to be a negative for the company.”
  • 8/25/2017 – Skyworks Solutions was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Skyworks reported strong third-quarter fiscal 2017 results. Both earnings and revenues increased on a year-over-year basis. Strong demand for Wi-Fi, Zigbee and LTE solutions have helped the company to gain traction. Management provided optimistic guidance for the fourth-quarter. We note that Skyworks has outperformed the broader market on a year-to-date basis. Further, strategic design wins in IoT, automotive and 5G markets to remain significant positives for the company in the long haul. However, heavy investments in R&D are escalating operating expenses, which is affecting margins. Significant pricing pressure, technological obsolescence and high concentration risks remain additional headwinds. Additionally the delay in launch of iPhone 8 seems to be a negative for the company.”
  • 8/23/2017 – Skyworks Solutions was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/21/2017 – Skyworks Solutions was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $114.00 price target on the stock. According to Zacks, “Skyworks reported strong third-quarter fiscal 2017 results. Both earnings and revenues increased on a year-over-year basis. Strong demand for Wi-Fi, Zigbee and LTE solutions have helped the company to gain traction. Management provided optimistic guidance for the fourth-quarter. We expect improving growth prospects to help the stock’s momentum in the rest of 2017 and beyond. We note that Skyworks has outperformed the broader market on a year-to-date basis. Further, strategic design wins in IoT, automotive and 5G markets to remain significant positives for the company in the long haul. However, heavy investments in R&D are escalating operating expenses, which is affecting margins. Significant pricing pressure, technological obsolescence and high concentration risks remain additional headwinds.”
  • 8/21/2017 – Skyworks Solutions was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $113.85 price target on the stock.
  • 8/17/2017 – Skyworks Solutions was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/17/2017 – Skyworks Solutions was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Skyworks reported strong third-quarter fiscal 2017 results. Both earnings and revenues increased on a year-over-year basis. Strong demand for Wi-Fi, Zigbee and LTE solutions have helped the company to gain traction. Management provided optimistic guidance for the fourth-quarter. We expect improving growth prospects to help the stock’s momentum in the rest of 2017 and beyond. We note that Skyworks has outperformed the broader market on a year-to-date basis. Further, strategic design wins in IoT, automotive and 5G markets to remain significant positives for the company in the long haul. However, heavy investments in R&D are escalating operating expenses, which is affecting margins. Significant pricing pressure, technological obsolescence and high concentration risks remain additional headwinds.”
  • 8/14/2017 – Skyworks Solutions was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $113.85 price target on the stock.
  • 8/4/2017 – Skyworks Solutions had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $115.00 price target on the stock.

Shares of Skyworks Solutions, Inc. (NASDAQ SWKS) traded up 0.32% on Tuesday, reaching $102.61. The company had a trading volume of 796,400 shares. Skyworks Solutions, Inc. has a 52 week low of $71.65 and a 52 week high of $112.11. The firm has a market capitalization of $19.07 billion, a price-to-earnings ratio of 19.81 and a beta of 0.89. The stock’s 50 day moving average is $104.05 and its 200 day moving average is $102.69.

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, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.05. The business had revenue of $900.80 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.24 earnings per share. On average, equities analysts anticipate that Skyworks Solutions, Inc. will post $6.39 EPS for the current year.

In other Skyworks Solutions news, Director Christine King sold 3,705 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were 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 SEC, which can be accessed through the SEC website. Also, insider Liam Griffin sold 2,610 shares of the firm’s stock in a transaction dated 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 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. Over the last ninety days, insiders have sold 14,371 shares of company stock valued at $1,505,093. 0.49% of the stock is owned by corporate insiders.

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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