Piper Jaffray Companies began coverage on shares of Skyworks Solutions (NASDAQ:SWKS) in a report released on Wednesday, December 20th, Marketbeat reports. The brokerage set an “overweight” rating and a $115.00 price target on the semiconductor manufacturer’s stock. Piper Jaffray Companies’ price target indicates a potential upside of 13.63% from the stock’s previous close.
SWKS has been the topic of a number of other research reports. BidaskClub cut Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 23rd. Craig Hallum reiterated a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, September 13th. Instinet assumed coverage on Skyworks Solutions in a report on Wednesday, September 6th. They issued a “buy” rating and a $115.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 target price on shares of Skyworks Solutions in a report on Sunday, September 17th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $125.00 target price (up previously from $117.00) on shares of Skyworks Solutions in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $116.09.
Shares of Skyworks Solutions (NASDAQ:SWKS) traded up $1.29 during trading hours on Wednesday, hitting $101.21. The stock had a trading volume of 1,751,041 shares, compared to its average volume of 2,440,000. The stock has a market capitalization of $18,600.00, a P/E ratio of 18.71, a P/E/G ratio of 0.99 and a beta of 0.83. Skyworks Solutions has a twelve month low of $76.49 and a twelve month high of $117.65.
In other news, SVP Robert John Terry sold 7,986 shares of Skyworks Solutions stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $110.32, for a total transaction of $881,015.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Peter L. Gammel sold 7,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $108.40, for a total value of $758,800.00. Following the completion of the sale, the chief technology officer now directly owns 23,785 shares of the company’s stock, valued at $2,578,294. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 161,864 shares of company stock worth $17,246,539. Corporate insiders own 0.49% of the company’s stock.
A number of institutional investors have recently made changes to their positions in SWKS. CHURCHILL MANAGEMENT Corp bought a new position in shares of Skyworks Solutions during the fourth quarter valued at approximately $2,705,000. Crow Point Partners LLC bought a new position in shares of Skyworks Solutions during the fourth quarter valued at approximately $379,000. Union Bankshares Corp bought a new position in shares of Skyworks Solutions during the fourth quarter valued at approximately $1,912,000. Chesley Taft & Associates LLC grew its holdings in shares of Skyworks Solutions by 4.3% during the fourth quarter. Chesley Taft & Associates LLC now owns 15,990 shares of the semiconductor manufacturer’s stock valued at $1,518,000 after purchasing an additional 660 shares during the last quarter. Finally, Polianta Ltd grew its holdings in shares of Skyworks Solutions by 8.8% during the fourth quarter. Polianta Ltd now owns 12,300 shares of the semiconductor manufacturer’s stock valued at $1,167,000 after purchasing an additional 1,000 shares during the last quarter. 81.55% of the stock is owned by hedge funds and other institutional investors.
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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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