Skyworks Solutions (NASDAQ:SWKS) Price Target Cut to $105.00 by Analysts at Craig Hallum

Skyworks Solutions (NASDAQ:SWKS) had its target price cut by stock analysts at Craig Hallum from $140.00 to $105.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor manufacturer’s stock. Craig Hallum’s price objective suggests a potential upside of 25.00% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday. Robert W. Baird raised their target price on shares of Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. Barclays downgraded shares of Skyworks Solutions from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $115.00 to $87.00 in a report on Thursday, October 10th. B. Riley reduced their target price on shares of Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, Bank of America boosted their target price on shares of Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $101.00.

Skyworks Solutions Trading Up 1.0 %

NASDAQ:SWKS opened at $84.00 on Wednesday. The company has a market capitalization of $13.42 billion, a P/E ratio of 22.70, a PEG ratio of 3.77 and a beta of 1.21. The firm has a fifty day simple moving average of $95.44 and a 200-day simple moving average of $100.37. Skyworks Solutions has a 12 month low of $82.13 and a 12 month high of $120.86. The company has a current ratio of 3.01, a quick ratio of 4.29 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The company’s quarterly revenue was down 15.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.95 earnings per share. On average, equities research analysts anticipate that Skyworks Solutions will post 5.39 earnings per share for the current year.

Insider Activity at Skyworks Solutions

In other news, 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 completion of the sale, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at $3,793,589.91. The trade was a 20.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Robert John Terry sold 10,522 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the transaction, the senior vice president now owns 15,960 shares in the company, valued at $1,404,639.60. This represents a 39.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,841 shares of company stock valued at $3,034,265 over the last quarter. 0.34% of the stock is owned by insiders.

Institutional Trading of Skyworks Solutions

Large investors have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new stake in Skyworks Solutions in the 2nd quarter worth $27,000. Rothschild Investment LLC acquired a new stake in Skyworks Solutions in the 2nd quarter worth $27,000. Erste Asset Management GmbH acquired a new stake in Skyworks Solutions in the 3rd quarter worth $27,000. Investors Research Corp grew its position in Skyworks Solutions by 167.7% in the 3rd quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock worth $34,000 after purchasing an additional 213 shares during the last quarter. Finally, Blue Trust Inc. grew its position in 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 during the last quarter. 85.43% of the stock is currently owned by institutional investors.

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.