Skyworks Solutions (NASDAQ:SWKS) received a $115.00 target price from analysts at Cowen in a research note issued to investors on Thursday. The firm presently has a “hold” rating on the semiconductor manufacturer’s stock. Cowen’s price target suggests a potential upside of 21.53% from the company’s current price.
Other research analysts have also recently issued research reports about the company. Bank of America lifted their price objective on Skyworks Solutions from $120.00 to $125.00 in a research note on Tuesday, November 7th. Craig Hallum reiterated a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, September 13th. Zacks Investment Research raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research note on Monday, September 11th. Instinet initiated coverage on shares of Skyworks Solutions in a research report on Wednesday, September 6th. They set a “buy” rating and a $115.00 price target on the stock. Finally, Citigroup upgraded shares of Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 target price for the company in a report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $116.56.
Shares of Skyworks Solutions (SWKS) traded up $0.54 during midday trading on Thursday, reaching $94.63. The company’s stock had a trading volume of 3,631,135 shares, compared to its average volume of 2,670,000. Skyworks Solutions has a fifty-two week low of $73.94 and a fifty-two week high of $117.65. The company has a market cap of $17,390.00, a price-to-earnings ratio of 15.92, a P/E/G ratio of 0.95 and a beta of 0.84.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Financial Engines Advisors L.L.C. purchased a new position in shares of Skyworks Solutions in the third quarter valued at about $126,000. WFG Advisors LP increased its stake in 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 acquiring an additional 171 shares during the last quarter. Sun Life Financial INC increased its stake in 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 acquiring an additional 1,136 shares during the last quarter. Intact Investment Management Inc. bought a new position in Skyworks Solutions in the third quarter worth approximately $204,000. Finally, Round Table Services LLC purchased a new stake in shares of Skyworks Solutions during the 3rd quarter valued at $204,000. 81.94% of the stock is owned by institutional investors.
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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.
