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StockNews.com began coverage on shares of Skyworks Solutions (NASDAQ:SWKS - Get Rating) in a report released on Wednesday. The brokerage set a "hold" rating on the semiconductor manufacturer's stock.
Several other equities analysts have also recently weighed in on the company. Barclays cut their price objective on Skyworks Solutions from $125.00 to $122.00 and set an "equal weight" rating for the company in a research report on Monday, July 25th. Wells Fargo & Company cut Skyworks Solutions from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $130.00 to $95.00 in a report on Tuesday. Exane BNP Paribas initiated coverage on Skyworks Solutions in a report on Tuesday, September 13th. They issued an "outperform" rating for the company. Susquehanna Bancshares cut their price target on Skyworks Solutions to $120.00 in a report on Monday, July 25th. Finally, KeyCorp cut their price target on Skyworks Solutions from $160.00 to $140.00 and set an "overweight" rating for the company in a report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $137.90.Skyworks Solutions Price Performance
NASDAQ SWKS opened at $81.16 on Wednesday. Skyworks Solutions has a twelve month low of $80.26 and a twelve month high of $174.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.47 and a current ratio of 2.37. The stock has a market capitalization of $13.02 billion, a PE ratio of 10.31, a P/E/G ratio of 0.76 and a beta of 1.22. The stock has a 50-day simple moving average of $100.42 and a 200 day simple moving average of $105.03.
Skyworks Solutions (NASDAQ:SWKS - Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The semiconductor manufacturer reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.07. Skyworks Solutions had a return on equity of 30.43% and a net margin of 24.11%. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the previous year, the firm earned $1.96 EPS. The firm's revenue was up 10.4% compared to the same quarter last year. Research analysts anticipate that Skyworks Solutions will post 9.95 EPS for the current year. Insider Buying and Selling
In other Skyworks Solutions news, SVP Karilee A. Durham sold 5,858 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $112.26, for a total value of $657,619.08. Following the transaction, the senior vice president now directly owns 10,130 shares in the company, valued at approximately $1,137,193.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is owned by corporate insiders. Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of SWKS. Global Wealth Management Investment Advisory Inc. lifted its stake in shares of Skyworks Solutions by 1,294.4% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 251 shares of the semiconductor manufacturer's stock valued at $39,000 after purchasing an additional 233 shares during the period. First Community Trust NA acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at $520,000. IronBridge Private Wealth LLC acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at $32,000. Oak Harbor Wealth Partners LLC acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at $590,000. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at $46,000. 74.61% of the stock is currently owned by institutional investors. About Skyworks Solutions (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.See AlsoGet a free copy of the StockNews.com research report on Skyworks Solutions (SWKS)Is Take-Two Interactive Software Inc. a Q4 Winner? 3 Oil Stocks That Are Heating Back UpWhy All the Buzz Around These 3 Stocks?Is Pfizer Stock Still Worth Buying After the Pandemic? Can Texas Pacific Land Corp. Continue its Meteoric Rise?
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