Skyworks Solutions (SWKS) Rating Reiterated by Craig Hallum

Skyworks Solutions (NASDAQ:SWKS)‘s stock had its “buy” rating reissued by equities researchers at Craig Hallum in a research note issued on Wednesday, Marketbeat.com reports. They currently have a $90.00 price target on the semiconductor manufacturer’s stock, down from their prior price target of $105.00. Craig Hallum’s price target suggests a potential upside of 31.21% from the company’s previous close.

Other analysts also recently issued research reports about the company. Canaccord Genuity lowered their target price on Skyworks Solutions from $115.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, November 9th. Loop Capital lowered their target price on Skyworks Solutions to $102.00 and set a “buy” rating on the stock in a research note on Friday, November 9th. Needham & Company LLC lowered their target price on Skyworks Solutions to $99.00 and set a “buy” rating on the stock in a research note on Friday, November 9th. DA Davidson reduced their price target on Skyworks Solutions to $115.00 and set a “buy” rating for the company in a report on Monday, November 12th. Finally, TheStreet cut Skyworks Solutions from a “b-” rating to a “c+” rating in a report on Friday, November 30th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have assigned a buy rating to the stock. Skyworks Solutions currently has an average rating of “Hold” and an average price target of $94.62.

Shares of SWKS opened at $68.59 on Wednesday. Skyworks Solutions has a 52 week low of $60.12 and a 52 week high of $115.98. The stock has a market capitalization of $12.02 billion, a PE ratio of 10.35, a P/E/G ratio of 0.92 and a beta of 0.66.



Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, November 8th. The semiconductor manufacturer reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.02. Skyworks Solutions had a return on equity of 30.59% and a net margin of 23.74%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the business earned $1.82 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year. As a group, research analysts expect that Skyworks Solutions will post 6.67 EPS for the current fiscal year.

In other Skyworks Solutions news, Director David J. Aldrich sold 3,000 shares of the stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $86.25, for a total transaction of $258,750.00. Following the completion of the transaction, the director now owns 144,251 shares of the company’s stock, valued at $12,441,648.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. First Hawaiian Bank increased its holdings in shares of Skyworks Solutions by 251.9% in the fourth quarter. First Hawaiian Bank now owns 475 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 340 shares during the last quarter. NEXT Financial Group Inc acquired a new stake in shares of Skyworks Solutions in the third quarter valued at approximately $108,000. Polaris Greystone Financial Group LLC increased its holdings in shares of Skyworks Solutions by 4,813.3% in the third quarter. Polaris Greystone Financial Group LLC now owns 1,474 shares of the semiconductor manufacturer’s stock valued at $134,000 after purchasing an additional 1,444 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Skyworks Solutions in the second quarter valued at approximately $147,000. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of Skyworks Solutions in the third quarter valued at approximately $159,000. 80.53% of the stock is owned by institutional investors and hedge funds.

Skyworks Solutions Company Profile

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: Consumer Price Index (CPI)

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.

Leave a Reply