Skyworks Solutions Inc. (SWKS) Upgraded to “Hold” by Vetr Inc.
Vetr upgraded shares of Skyworks Solutions Inc. (NASDAQ:SWKS) from a sell rating to a hold rating in a report issued on Tuesday. They currently have $80.30 price target on the semiconductor manufacturer’s stock.
Several other brokerages have also recently issued reports on SWKS. B. Riley cut Skyworks Solutions to a buy rating in a research note on Monday, June 13th. Pacific Crest restated an equal weight rating on shares of Skyworks Solutions in a research note on Thursday, September 15th. Brean Capital restated a buy rating on shares of Skyworks Solutions in a research note on Wednesday, June 15th. Zacks Investment Research upgraded Skyworks Solutions from a strong sell rating to a hold rating in a research note on Wednesday, June 29th. Finally, Drexel Hamilton restated a buy rating on shares of Skyworks Solutions in a research note on Wednesday, July 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $83.05.
Skyworks Solutions (NASDAQ:SWKS) opened at 79.43 on Tuesday. The firm’s 50-day moving average price is $74.72 and its 200-day moving average price is $69.56. Skyworks Solutions has a 12 month low of $54.50 and a 12 month high of $88.52. The firm has a market cap of $14.89 billion, a price-to-earnings ratio of 15.73 and a beta of 1.06.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.03. The business earned $751.70 million during the quarter, compared to analysts’ expectations of $750.22 million. Skyworks Solutions had a return on equity of 29.31% and a net margin of 29.32%. Equities research analysts predict that Skyworks Solutions will post $5.53 earnings per share for the current year.
In related news, VP Mark V. B. Tremallo sold 17,100 shares of Skyworks Solutions stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $76.40, for a total value of $1,306,440.00. Following the transaction, the vice president now owns 14,998 shares in the company, valued at approximately $1,145,847.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Laura A. Gasparini sold 2,650 shares of Skyworks Solutions stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $74.84, for a total transaction of $198,326.00. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of SWKS. Fuller & Thaler Asset Management Inc. boosted its position in Skyworks Solutions by 260.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the semiconductor manufacturer’s stock worth $114,000 after buying an additional 1,300 shares during the last quarter. Bellwether Investment Group LLC purchased a new position in Skyworks Solutions during the second quarter worth about $125,000. Synovus Financial Corp boosted its position in Skyworks Solutions by 16.0% in the second quarter. Synovus Financial Corp now owns 2,282 shares of the semiconductor manufacturer’s stock worth $143,000 after buying an additional 315 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in Skyworks Solutions by 39.7% in the second quarter. Checchi Capital Advisers LLC now owns 2,369 shares of the semiconductor manufacturer’s stock worth $150,000 after buying an additional 673 shares during the last quarter. Finally, Mizuho Asset Management Co. Ltd. boosted its position in Skyworks Solutions by 101.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,585 shares of the semiconductor manufacturer’s stock worth $164,000 after buying an additional 1,302 shares during the last quarter. Institutional investors own 76.66% of the company’s stock.
Skyworks Solutions Company Profile
Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.
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