Skyworks Solutions (NASDAQ:SWKS)‘s stock had its “buy” rating restated by BMO Capital Markets in a note issued to investors on Friday. They currently have a $115.00 target price on the semiconductor manufacturer’s stock. BMO Capital Markets’ price objective indicates a potential upside of 18.57% from the stock’s current price.

Several other analysts have also recently issued reports on the stock. DA Davidson cut their price target on shares of Skyworks Solutions to $125.00 and set a “buy” rating on the stock in a report on Friday. B. Riley upped their price target on shares of Skyworks Solutions from $116.00 to $125.00 and gave the company a “buy” rating in a report on Friday. Craig Hallum reissued a “buy” rating and set a $120.00 target price (up from $115.00) on shares of Skyworks Solutions in a report on Friday. Needham & Company LLC increased their target price on shares of Skyworks Solutions from $110.00 to $118.00 and gave the stock a “buy” rating in a report on Friday. Finally, Morgan Stanley increased their target price on shares of Skyworks Solutions from $85.00 to $87.00 and gave the stock an “underweight” rating in a report on Friday. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the stock. Skyworks Solutions presently has an average rating of “Buy” and an average price target of $115.85.

SWKS opened at $96.99 on Friday. The firm has a market capitalization of $18.66 billion, a P/E ratio of 16.22, a P/E/G ratio of 1.22 and a beta of 0.63. Skyworks Solutions has a 12-month low of $86.13 and a 12-month high of $117.65.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, July 19th. The semiconductor manufacturer reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. The firm had revenue of $894.30 million for the quarter, compared to analysts’ expectations of $889.00 million. Skyworks Solutions had a net margin of 23.78% and a return on equity of 30.44%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $1.57 earnings per share. equities analysts predict that Skyworks Solutions will post 6.33 EPS for the current fiscal year.

In related news, Director Christine King sold 2,401 shares of the stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $97.67, for a total value of $234,505.67. Following the sale, the director now owns 14,928 shares of the company’s stock, valued at approximately $1,458,017.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.47% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC bought a new position in Skyworks Solutions in the 1st quarter valued at about $100,000. Mckinley Capital Management LLC Delaware grew its position in Skyworks Solutions by 67.2% in the 1st quarter. Mckinley Capital Management LLC Delaware now owns 1,478 shares of the semiconductor manufacturer’s stock valued at $148,000 after buying an additional 594 shares in the last quarter. Cerebellum GP LLC bought a new position in Skyworks Solutions in the 2nd quarter valued at about $171,000. Highland Capital Management LP bought a new position in Skyworks Solutions in the 1st quarter valued at about $201,000. Finally, Syntal Capital Partners LLC bought a new position in Skyworks Solutions in the 1st quarter valued at about $201,000. Hedge funds and other institutional investors own 80.15% of the company’s stock.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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