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Skyworks Solutions (NASDAQ:SWKS - Get Rating) had its target price dropped by investment analysts at B. Riley from $120.00 to $105.00 in a research note issued to investors on Tuesday, The Fly reports. B. Riley's price target indicates a potential upside of 19.48% from the company's previous close.

Other equities analysts have also issued reports about the stock. Barclays cut their price objective on shares of Skyworks Solutions from $125.00 to $122.00 and set an "equal weight" rating on the stock in a report on Monday, July 25th. Wells Fargo & Company cut their price objective on shares of Skyworks Solutions from $160.00 to $130.00 and set an "overweight" rating on the stock in a report on Monday, July 11th. BNP Paribas initiated coverage on shares of Skyworks Solutions in a report on Tuesday, September 13th. They issued an "outperform" rating and a $120.00 price objective on the stock. TheStreet lowered shares of Skyworks Solutions from a "b-" rating to a "c+" rating in a report on Tuesday, June 21st. Finally, Raymond James cut their price objective on shares of Skyworks Solutions from $170.00 to $150.00 in a report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $139.57.Skyworks Solutions Price Performance

SWKS opened at $87.88 on Tuesday. Skyworks Solutions has a one year low of $85.18 and a one year high of $174.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.37 and a quick ratio of 1.47. The company's 50 day simple moving average is $102.69 and its 200-day simple moving average is $107.05. The stock has a market capitalization of $14.10 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 0.75 and a beta of 1.22.

Skyworks Solutions (NASDAQ:SWKS - Get Rating) last released its quarterly earnings results on Thursday, August 4th. The semiconductor manufacturer reported $2.12 EPS for the quarter, beating the consensus estimate of $2.05 by $0.07. Skyworks Solutions had a net margin of 24.11% and a return on equity of 30.43%. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the firm earned $1.96 earnings per share. Skyworks Solutions's revenue was up 10.4% compared to the same quarter last year. Sell-side analysts anticipate that Skyworks Solutions will post 9.95 earnings per share for the current fiscal year. Insider Activity

In other news, SVP Karilee A. Durham sold 5,858 shares of the firm's stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $112.26, for a total transaction of $657,619.08. Following the completion of the sale, the senior vice president now owns 10,130 shares in the company, valued at approximately $1,137,193.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.31% of the company's stock. Institutional Trading of Skyworks Solutions

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in shares of Skyworks Solutions by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 211,169 shares of the semiconductor manufacturer's stock worth $28,145,000 after buying an additional 7,043 shares during the last quarter. Comerica Bank raised its stake in Skyworks Solutions by 1.8% in the 1st quarter. Comerica Bank now owns 43,555 shares of the semiconductor manufacturer's stock worth $5,262,000 after purchasing an additional 783 shares in the last quarter. Prospera Financial Services Inc acquired a new stake in Skyworks Solutions in the 1st quarter worth about $136,000. Jones Financial Companies Lllp raised its stake in Skyworks Solutions by 733.3% in the 1st quarter. Jones Financial Companies Lllp now owns 300 shares of the semiconductor manufacturer's stock worth $40,000 after purchasing an additional 264 shares in the last quarter. Finally, MUFG Securities EMEA plc raised its stake in Skyworks Solutions by 11.4% in the 1st quarter. MUFG Securities EMEA plc now owns 6,367 shares of the semiconductor manufacturer's stock worth $849,000 after purchasing an additional 650 shares in the last quarter. Institutional investors and hedge funds own 74.61% of the company's stock. Skyworks Solutions Company Profile (Get Rating)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.Further ReadingGet a free copy of the StockNews.com research report on Skyworks Solutions (SWKS)Small-Cap Catalyst Pharma Is Among Market's Best Price Performers3 Stocks Growing Their Businesses for 2023China-Based EV Maker BYD Set For Big European, Japanese ExpansionIs Illumina Still the Gamechanger in Genomics Sequencing? Here’s What Makes Amazon a Sum-of-All-Parts Commerce Juggernaut

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