Skyworks Solutions (NASDAQ:SWKS) PT Lowered to $110.00

Skyworks Solutions (NASDAQ:SWKS) had its target price lowered by investment analysts at Susquehanna from $125.00 to $110.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor manufacturer’s stock. Susquehanna’s price target would suggest a potential upside of 11.55% from the company’s current price.

Several other research firms have also issued reports on SWKS. Rosenblatt Securities raised their price target on shares of Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. The Goldman Sachs Group upgraded shares of Skyworks Solutions to a “hold” rating in a report on Wednesday, July 31st. Piper Sandler restated a “neutral” rating and set a $115.00 price objective (up from $95.00) on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Finally, Craig Hallum increased their price target on Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $111.65.

Skyworks Solutions Trading Up 0.6 %

NASDAQ:SWKS opened at $98.61 on Monday. Skyworks Solutions has a 1-year low of $85.06 and a 1-year high of $120.86. The company has a current ratio of 5.75, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $15.75 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 4.47 and a beta of 1.20. The business’s 50-day moving average price is $101.30 and its two-hundred day moving average price is $101.82.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, meeting the consensus estimate of $1.21. The firm had revenue of $905.50 million during the quarter, compared to analysts’ expectations of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The business’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.50 earnings per share. On average, equities analysts expect that Skyworks Solutions will post 5.21 earnings per share for the current year.

Insider Buying and Selling

In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the sale, the senior vice president now owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $97.63, for a total value of $993,580.51. Following the sale, the senior vice president now owns 27,026 shares in the company, valued at $2,638,548.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Carlos S. Bori sold 9,321 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the sale, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at $3,793,589.91. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,341 shares of company stock valued at $2,142,110. Company insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Skyworks Solutions

Large investors have recently bought and sold shares of the business. BNP Paribas purchased a new position in shares of Skyworks Solutions in the 1st quarter worth approximately $27,000. Innealta Capital LLC acquired a new position in shares of Skyworks Solutions during the second quarter worth $27,000. Rothschild Investment LLC acquired a new position in shares of Skyworks Solutions during the second quarter worth $27,000. Access Investment Management LLC purchased a new stake in shares of Skyworks Solutions during the 1st quarter valued at $31,000. Finally, Blue Trust Inc. boosted its position in shares of Skyworks Solutions by 79.7% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after purchasing an additional 149 shares in the last quarter. Institutional investors own 85.43% of the company’s stock.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, 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, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.