Skyworks Solutions (NASDAQ:SWKS) PT Raised to $127.00

Skyworks Solutions (NASDAQ:SWKS) had its price target raised by stock analysts at Citigroup from $125.00 to $127.00 in a research report issued to clients and investors on Monday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the semiconductor manufacturer’s stock. Citigroup‘s price target indicates a potential upside of 6.02% from the company’s current price.

A number of other research firms have also commented on SWKS. Canaccord Genuity boosted their price target on shares of Skyworks Solutions from $102.00 to $130.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Loop Capital boosted their price target on shares of Skyworks Solutions from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Mizuho boosted their price target on shares of Skyworks Solutions from $132.00 to $138.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Cascend Securities boosted their price target on shares of Skyworks Solutions from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Craig Hallum boosted their price target on shares of Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $116.25.

SWKS opened at $119.79 on Monday. The company has a fifty day moving average price of $119.46 and a 200-day moving average price of $94.12. The firm has a market capitalization of $20.84 billion, a P/E ratio of 25.06, a price-to-earnings-growth ratio of 1.45 and a beta of 1.12. Skyworks Solutions has a one year low of $66.29 and a one year high of $128.48.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Thursday, January 23rd. The semiconductor manufacturer reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.16. The firm had revenue of $896.10 million during the quarter, compared to analyst estimates of $881.80 million. Skyworks Solutions had a net margin of 25.02% and a return on equity of 23.03%. The business’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.83 EPS. Research analysts forecast that Skyworks Solutions will post 5.89 earnings per share for the current year.

In other Skyworks Solutions news, CEO Liam Griffin sold 5,000 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $90.59, for a total value of $452,950.00. Following the completion of the sale, the chief executive officer now directly owns 70,320 shares of the company’s stock, valued at $6,370,288.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy R. Furey sold 2,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.76, for a total transaction of $201,520.00. Following the completion of the sale, the director now directly owns 18,824 shares of the company’s stock, valued at $1,896,706.24. The disclosure for this sale can be found here. Insiders sold 256,441 shares of company stock valued at $26,862,903 over the last three months. 0.64% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Lenox Wealth Management Inc. raised its stake in shares of Skyworks Solutions by 1.2% during the third quarter. Lenox Wealth Management Inc. now owns 8,477 shares of the semiconductor manufacturer’s stock valued at $671,000 after acquiring an additional 103 shares during the last quarter. Orrstown Financial Services Inc. raised its stake in shares of Skyworks Solutions by 9.0% during the third quarter. Orrstown Financial Services Inc. now owns 1,633 shares of the semiconductor manufacturer’s stock valued at $123,000 after acquiring an additional 135 shares during the last quarter. Rowland & Co. Investment Counsel ADV raised its stake in shares of Skyworks Solutions by 1.1% during the third quarter. Rowland & Co. Investment Counsel ADV now owns 13,443 shares of the semiconductor manufacturer’s stock valued at $1,062,000 after acquiring an additional 150 shares during the last quarter. Duncker Streett & Co. Inc. raised its stake in shares of Skyworks Solutions by 1.5% during the third quarter. Duncker Streett & Co. Inc. now owns 11,119 shares of the semiconductor manufacturer’s stock valued at $881,000 after acquiring an additional 159 shares during the last quarter. Finally, Eukles Asset Management raised its stake in shares of Skyworks Solutions by 5.9% during the fourth quarter. Eukles Asset Management now owns 3,019 shares of the semiconductor manufacturer’s stock valued at $365,000 after acquiring an additional 169 shares during the last quarter. 82.95% of the stock is owned by hedge funds and other institutional investors.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

Featured Article: What do I need to know about analyst ratings?

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.