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 currently have a $108.40 price objective on the semiconductor manufacturer’s stock. Vetr‘s target price points to a potential upside of 7.57% from the company’s current price.
Other research analysts also recently issued research reports about the company. Citigroup raised Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 price target for the company in a research note on Tuesday, September 5th. Bank of America boosted their price target on Skyworks Solutions from $120.00 to $125.00 in a research note on Tuesday, November 7th. BMO Capital Markets reaffirmed a “hold” rating and issued a $100.00 price target on shares of Skyworks Solutions in a research note on Monday, November 6th. Instinet assumed coverage on Skyworks Solutions in a research note on Wednesday, September 6th. They issued a “buy” rating and a $115.00 price target for the company. Finally, Drexel Hamilton reaffirmed 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 investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Skyworks Solutions has a consensus rating of “Buy” and a consensus target price of $116.09.
Skyworks Solutions (NASDAQ SWKS) opened at $100.77 on Wednesday. The company has a market capitalization of $18,520.00, a PE ratio of 18.63, a P/E/G ratio of 0.98 and a beta of 0.83. Skyworks Solutions has a 52 week low of $73.94 and a 52 week high of $117.65.
In other Skyworks Solutions news, CEO Liam Griffin sold 12,141 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $110.95, for a total value of $1,347,043.95. Following the transaction, the chief executive officer now directly owns 49,514 shares of the company’s stock, valued at $5,493,578.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Laura A. Gasparini sold 12,132 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $110.53, for a total value of $1,340,949.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 161,864 shares of company stock worth $17,246,539. Insiders own 0.49% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of SWKS. Financial Engines Advisors L.L.C. acquired a new position in shares of Skyworks Solutions during the third quarter worth approximately $126,000. WFG Advisors LP raised its position 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 worth $127,000 after purchasing an additional 171 shares during the period. Sun Life Financial INC raised its position 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 worth $129,000 after purchasing an additional 1,136 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Skyworks Solutions during the second quarter worth approximately $202,000. Finally, Round Table Services LLC acquired a new position in shares of Skyworks Solutions during the third quarter worth approximately $204,000. 81.50% of the stock is currently owned by hedge funds and other institutional investors.
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.
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