Skyworks Solutions (NASDAQ:SWKS) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday, The Fly reports.
A number of other brokerages have also weighed in on SWKS. Mizuho reiterated a “buy” rating and set a $120.00 price objective on shares of Skyworks Solutions in a report on Monday, October 9th. Cowen lifted their price objective on shares of Skyworks Solutions from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Tuesday, October 10th. Barclays lifted their price objective on shares of Skyworks Solutions from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Vetr lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $114.92 price objective for the company. in a report on Monday, October 30th. Finally, DA Davidson reiterated a “buy” rating and set a $130.00 price objective on shares of Skyworks Solutions in a report on Tuesday, November 7th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and twenty-three have issued a buy rating to the company’s stock. Skyworks Solutions presently has an average rating of “Buy” and a consensus target price of $115.85.
Skyworks Solutions (SWKS) opened at $94.68 on Tuesday. Skyworks Solutions has a 52 week low of $90.53 and a 52 week high of $117.65. The company has a market cap of $18,056.98, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.03 and a beta of 0.69.
In other news, VP Laura A. Gasparini sold 12,132 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $110.53, for a total transaction of $1,340,949.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert John Terry sold 7,986 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $110.32, for a total transaction of $881,015.52. The disclosure for this sale can be found here. Insiders have sold 169,664 shares of company stock valued at $18,031,219 over the last 90 days. 0.49% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Meag Munich Ergo Kapitalanlagegesellschaft purchased a new stake in shares of Skyworks Solutions in the third quarter valued at about $6,174,000. American Century Companies Inc. boosted its stake in Skyworks Solutions by 18.1% during the fourth quarter. American Century Companies Inc. now owns 621,603 shares of the semiconductor manufacturer’s stock worth $47,758,000 after buying an additional 95,273 shares during the period. Chelsea Counsel Company boosted its stake in Skyworks Solutions by 12.5% during the third quarter. Chelsea Counsel Company now owns 4,500 shares of the semiconductor manufacturer’s stock worth $379,000 after buying an additional 500 shares during the period. First Western Capital Management Co boosted its stake in Skyworks Solutions by 1.6% during the fourth quarter. First Western Capital Management Co now owns 34,683 shares of the semiconductor manufacturer’s stock worth $2,665,000 after buying an additional 535 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its stake in Skyworks Solutions by 8.3% during the third quarter. Oppenheimer & Co. Inc. now owns 72,510 shares of the semiconductor manufacturer’s stock worth $5,520,000 after buying an additional 5,579 shares during the period. 81.77% of the stock is owned by institutional investors and hedge funds.
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About Skyworks Solutions
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.
