Craig Hallum Raises Skyworks Solutions Inc (SWKS) Price Target to $110.00

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.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://sportsperspectives.com/2017/04/21/craig-hallum-raises-skyworks-solutions-inc-swks-price-target-to-110-00-updated.html.

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.

5 Day Chart for NASDAQ:SWKS

Receive News & Ratings for Skyworks Solutions Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply