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.
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.
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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