Skyworks Solutions (NASDAQ:SWKS) had its price objective raised by research analysts at Morgan Stanley from $86.00 to $88.00 in a report released on Wednesday. The brokerage presently has an “underweight” rating on the semiconductor manufacturer’s stock. Morgan Stanley’s target price indicates a potential downside of 8.20% from the stock’s previous close.

Other research analysts have also issued reports about the company. BidaskClub upgraded Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Zacks Investment Research lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Vetr upgraded Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $113.85 price objective for the company in a research report on Monday, August 21st. Citigroup upgraded Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 price target for the company in a research report on Tuesday, September 5th. Finally, Bank of America raised their price target on Skyworks Solutions from $120.00 to $125.00 in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $116.56.

Shares of Skyworks Solutions (SWKS) traded down $0.61 during trading on Wednesday, reaching $95.86. The company had a trading volume of 1,972,943 shares, compared to its average volume of 2,028,287. The stock has a market capitalization of $17,819.12, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 0.96 and a beta of 0.84. Skyworks Solutions has a 52 week low of $73.94 and a 52 week high of $117.65.

In other news, VP Laura A. Gasparini sold 12,132 shares of Skyworks Solutions stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $110.53, for a total transaction of $1,340,949.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Robert John Terry sold 7,986 shares of Skyworks Solutions stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $110.32, for a total value of $881,015.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 150,275 shares of company stock worth $16,223,522. 0.49% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Financial Engines Advisors L.L.C. acquired a new stake in shares of Skyworks Solutions during the third quarter worth about $126,000. WFG Advisors LP increased its position in shares of Skyworks Solutions by 14.8% during the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock worth $127,000 after purchasing an additional 171 shares in the last quarter. Sun Life Financial INC increased its position in shares of Skyworks Solutions by 551.5% during the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock worth $129,000 after purchasing an additional 1,136 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Skyworks Solutions during the second quarter worth about $202,000. Finally, Round Table Services LLC acquired a new stake in shares of Skyworks Solutions during the third quarter worth about $204,000. Institutional investors and hedge funds own 81.94% of the company’s stock.

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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.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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