Skyworks Solutions (NASDAQ:SWKS) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
Other analysts have also issued research reports about the company. Bank of America raised their price target on Skyworks Solutions from $120.00 to $125.00 in a research note on Tuesday, November 7th. Craig Hallum reaffirmed a “buy” rating on shares of Skyworks Solutions in a research note on Wednesday, September 13th. Zacks Investment Research raised Skyworks Solutions from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a research note on Monday, September 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price target on shares of Skyworks Solutions in a research note on Sunday, September 17th. Finally, Mizuho reaffirmed a “buy” rating and issued a $120.00 price target on shares of Skyworks Solutions in a research note on Monday, October 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $116.09.
Shares of Skyworks Solutions (NASDAQ:SWKS) traded up $0.46 during mid-day trading on Friday, reaching $101.23. The company had a trading volume of 1,697,800 shares, compared to its average volume of 2,390,000. Skyworks Solutions has a 12 month low of $73.94 and a 12 month high of $117.65. The stock has a market capitalization of $18,600.00, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 0.99 and a beta of 0.83.
Large investors have recently modified their holdings of the company. Financial Engines Advisors L.L.C. bought a new position in shares of Skyworks Solutions during the third quarter valued at $126,000. WFG Advisors LP increased its holdings 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 valued at $127,000 after acquiring an additional 171 shares in the last quarter. Sun Life Financial INC increased its holdings 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 valued at $129,000 after acquiring an additional 1,136 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Skyworks Solutions during the second quarter valued at $202,000. Finally, Round Table Services LLC purchased a new stake in shares of Skyworks Solutions during the third quarter valued at $204,000. Hedge funds and other institutional investors own 81.50% 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.
Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.