Skyworks Solutions (NASDAQ:SWKS) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday, December 7th.
Several other research analysts also recently commented on SWKS. B. Riley reissued a “buy” rating and issued a $131.00 price target on shares of Skyworks Solutions in a report on Tuesday, November 7th. Zacks Investment Research raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a report on Monday, August 28th. Vetr raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $114.47 price target for the company in a report on Tuesday, August 29th. Barclays raised their price objective on shares of Skyworks Solutions from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Finally, Craig Hallum restated a “buy” rating on shares of Skyworks Solutions in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $116.51.
Skyworks Solutions (NASDAQ SWKS) traded up $3.48 on Thursday, reaching $98.43. 2,488,212 shares of the company traded hands, compared to its average volume of 2,300,000. The company has a market cap of $18,090.00, a P/E ratio of 18.19, a PEG ratio of 0.94 and a beta of 0.84. Skyworks Solutions has a 52 week low of $73.94 and a 52 week high of $117.65.
In related news, insider Liam Griffin sold 15,059 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $95.09, for a total value of $1,431,960.31. Following the transaction, the insider now owns 62,359 shares of the company’s stock, valued at approximately $5,929,717.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Laura A. Gasparini sold 12,132 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $110.53, for a total transaction of $1,340,949.96. The disclosure for this sale can be found here. Insiders have sold 161,864 shares of company stock valued at $17,246,539 in the last quarter. 0.49% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Engines Advisors L.L.C. acquired a new stake in Skyworks Solutions in the 3rd quarter worth approximately $126,000. WFG Advisors LP boosted its stake in Skyworks Solutions by 14.8% in the 2nd quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock worth $127,000 after purchasing an additional 171 shares in the last quarter. Sun Life Financial INC raised its position in Skyworks Solutions by 551.5% during the 2nd quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock worth $129,000 after buying an additional 1,136 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Skyworks Solutions during the 2nd quarter worth approximately $202,000. Finally, Round Table Services LLC purchased a new position in Skyworks Solutions during the 3rd quarter worth approximately $204,000. 81.50% of the stock is currently owned by institutional investors and hedge funds.
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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