Skyworks Solutions, Inc. (NASDAQ:SWKS) has earned a consensus rating of “Buy” from the thirty-one brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $111.32.
SWKS has been the topic of several recent analyst reports. Zacks Investment Research upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a report on Monday, August 28th. Vetr raised Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $114.47 price target on the stock in a research note on Tuesday, August 29th. BMO Capital Markets reissued a “hold” rating and issued a $100.00 price target on shares of Skyworks Solutions in a research note on Friday, July 21st. Barclays PLC lifted their price target on Skyworks Solutions from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Finally, Argus began coverage on Skyworks Solutions in a research note on Thursday, July 6th. They issued a “buy” rating and a $120.00 price target on the stock.
Shares of Skyworks Solutions (SWKS) traded up 2.26% on Wednesday, reaching $107.91. The company’s stock had a trading volume of 2,283,576 shares. The stock has a market cap of $19.83 billion, a PE ratio of 20.71 and a beta of 0.89. Skyworks Solutions has a 1-year low of $71.65 and a 1-year high of $112.11. The company’s 50 day moving average is $104.76 and its 200-day moving average is $103.58.
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In other news, Director Christine King sold 3,705 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total transaction of $395,768.10. Following the completion of the sale, the director now owns 16,641 shares in the company, valued at $1,777,591.62. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Liam Griffin sold 2,610 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $99.98, for a total value of $260,947.80. Following the sale, the insider now owns 50,408 shares of the company’s stock, valued at approximately $5,039,791.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,173 shares of company stock valued at $2,072,726. Corporate insiders own 0.49% of the company’s stock.
Large investors have recently modified their holdings of the company. Invictus RG bought a new stake in shares of Skyworks Solutions during the first quarter worth approximately $101,000. Winslow Evans & Crocker Inc. boosted its holdings in shares of Skyworks Solutions by 3.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock worth $104,000 after acquiring an additional 35 shares during the period. WFG Advisors LP boosted its holdings 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 acquiring an additional 171 shares during the period. Sun Life Financial INC boosted its holdings 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 acquiring an additional 1,136 shares during the period. Finally, Dubuque Bank & Trust Co. bought a new stake in shares of Skyworks Solutions during the second quarter worth approximately $182,000. Institutional investors own 80.87% of the company’s stock.
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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