Skyworks Solutions Inc (NASDAQ:SWKS) had its price target lifted by Craig Hallum from $100.00 to $110.00 in a report issued on Tuesday. The firm currently has a “buy” rating on the semiconductor manufacturer’s stock. Craig Hallum’s target price suggests a potential upside of 8.27% from the company’s current price.
Other analysts also recently issued reports about the stock. Vetr downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $86.13 price target for the company. in a report on Wednesday, December 7th. Canaccord Genuity reissued a “buy” rating and issued a $92.00 price target on shares of Skyworks Solutions in a report on Friday, December 16th. Goldman Sachs Group Inc downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating in a report on Thursday, January 12th. B. Riley reissued a “buy” rating and issued a $94.00 price target on shares of Skyworks Solutions in a report on Tuesday, January 17th. Finally, Brean Capital reissued a “buy” rating and issued a $85.00 price target on shares of Skyworks Solutions in a report on Wednesday, January 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Skyworks Solutions presently has a consensus rating of “Buy” and a consensus target price of $96.21.
Shares of Skyworks Solutions (NASDAQ:SWKS) traded down 0.03% during mid-day trading on Tuesday, hitting $101.60. 1,530,427 shares of the stock traded hands. The stock has a 50-day moving average of $98.01 and a 200-day moving average of $85.52. Skyworks Solutions has a 52 week low of $57.11 and a 52 week high of $102.64. The company has a market cap of $18.79 billion, a price-to-earnings ratio of 21.50 and a beta of 0.88.
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In other news, VP Laura A. Gasparini sold 3,450 shares of Skyworks Solutions stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $91.43, for a total transaction of $315,433.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider David J. Aldrich sold 55,000 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $91.25, for a total transaction of $5,018,750.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,950 shares of company stock valued at $5,481,064. 0.62% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. Winslow Evans & Crocker Inc. boosted its stake in shares of Skyworks Solutions by 5.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the semiconductor manufacturer’s stock valued at $103,000 after buying an additional 50 shares in the last quarter. BKS Advisors LLC acquired a new stake in shares of Skyworks Solutions during the third quarter valued at approximately $101,000. Canada Pension Plan Investment Board boosted its stake in shares of Skyworks Solutions by 1,084.1% in the third quarter. Canada Pension Plan Investment Board now owns 1,338 shares of the semiconductor manufacturer’s stock valued at $102,000 after buying an additional 1,225 shares in the last quarter. Tompkins Financial Corp acquired a new stake in shares of Skyworks Solutions during the first quarter valued at approximately $107,000. Finally, TLP Group LLC acquired a new stake in shares of Skyworks Solutions during the third quarter valued at approximately $133,000. Institutional investors own 82.29% of the company’s stock.
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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