Skyworks Solutions (SWKS) Downgraded by Vetr to Buy
Skyworks Solutions (NASDAQ:SWKS) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday. They presently have a $108.40 price objective on the semiconductor manufacturer’s stock. Vetr‘s price objective would indicate a potential upside of 10.13% from the stock’s current price.
Other research analysts have also recently issued research reports about the company. Citigroup upgraded Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 price objective on the stock in a research note on Tuesday, September 5th. Bank of America boosted their price objective on Skyworks Solutions from $120.00 to $125.00 in a research note on Tuesday, November 7th. BMO Capital Markets restated a “hold” rating and set a $100.00 price objective on shares of Skyworks Solutions in a research note on Monday, November 6th. Instinet began coverage on Skyworks Solutions in a research note on Wednesday, September 6th. They issued a “buy” rating and a $115.00 price target on the stock. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $128.00 price target (up previously from $120.00) on shares of Skyworks Solutions in a research note on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $116.09.
Skyworks Solutions (NASDAQ SWKS) opened at $98.43 on Wednesday. The company has a market capitalization of $18,090.00, a PE ratio of 18.19, a price-to-earnings-growth ratio of 0.94 and a beta of 0.84. Skyworks Solutions has a one year low of $73.94 and a one year high of $117.65.
Institutional investors have recently made changes to their positions in the stock. Financial Engines Advisors L.L.C. bought a new position in shares of Skyworks Solutions during the third quarter valued at approximately $126,000. WFG Advisors LP grew 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 purchasing an additional 171 shares during the last quarter. Sun Life Financial INC grew 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 purchasing an additional 1,136 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Skyworks Solutions during the second quarter valued at approximately $202,000. Finally, Round Table Services LLC bought a new position in shares of Skyworks Solutions during the third quarter valued at approximately $204,000. 81.50% of the stock is owned by hedge funds and other institutional investors.
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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.
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