The Skyworks Solutions Inc. (SWKS) Upgraded to “Hold” by Vetr Inc.

The Skyworks Solutions Inc. (SWKS) Upgraded to “Hold” by Vetr Inc.

Vetr upgraded shares of Skyworks Solutions Inc. (NASDAQ:SWKS) from a sell rating to a hold rating in a research note published on Tuesday morning. They currently have $80.30 target price on the semiconductor manufacturer’s stock.

SWKS has been the topic of several other research reports. Oppenheimer Holdings Inc. reaffirmed an outperform rating and issued a $100.00 price target on shares of Skyworks Solutions in a research note on Friday, September 16th. Brean Capital reaffirmed a buy rating on shares of Skyworks Solutions in a research note on Wednesday, September 21st. Pacific Crest reaffirmed an equal weight rating on shares of Skyworks Solutions in a research note on Thursday, September 15th. Drexel Hamilton reaffirmed a buy rating and issued a $90.00 price target on shares of Skyworks Solutions in a research note on Tuesday, August 30th. Finally, Morgan Stanley started coverage on shares of Skyworks Solutions in a research note on Monday, June 27th. They issued an underweight rating and a $61.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the stock. Skyworks Solutions currently has an average rating of Buy and a consensus target price of $83.05.

Skyworks Solutions (NASDAQ:SWKS) opened at 79.43 on Tuesday. The stock has a market cap of $14.89 billion, a PE ratio of 15.73 and a beta of 1.06. Skyworks Solutions has a 52-week low of $54.50 and a 52-week high of $88.52. The firm has a 50 day moving average of $74.72 and a 200-day moving average of $69.56.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.03. The company had revenue of $751.70 million for the quarter, compared to the consensus estimate of $750.22 million. Skyworks Solutions had a net margin of 29.32% and a return on equity of 29.31%. Equities analysts anticipate that Skyworks Solutions will post $5.53 earnings per share for the current fiscal year.

In related news, EVP Bruce J. Freyman sold 3,221 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $75.00, for a total value of $241,575.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Laura A. Gasparini sold 2,650 shares of the business’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $74.84, for a total transaction of $198,326.00. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the company. Aperio Group LLC raised its stake in shares of Skyworks Solutions by 42.9% in the first quarter. Aperio Group LLC now owns 41,341 shares of the semiconductor manufacturer’s stock valued at $3,220,000 after buying an additional 12,403 shares during the last quarter. Teachers Advisors Inc. raised its stake in shares of Skyworks Solutions by 5.1% in the first quarter. Teachers Advisors Inc. now owns 345,301 shares of the semiconductor manufacturer’s stock valued at $26,899,000 after buying an additional 16,624 shares during the last quarter. Sentry Investment Management LLC raised its stake in shares of Skyworks Solutions by 3.5% in the first quarter. Sentry Investment Management LLC now owns 14,661 shares of the semiconductor manufacturer’s stock valued at $1,142,000 after buying an additional 502 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Skyworks Solutions by 568.4% in the first quarter. JPMorgan Chase & Co. now owns 849,066 shares of the semiconductor manufacturer’s stock valued at $66,142,000 after buying an additional 1,030,325 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new stake in shares of Skyworks Solutions during the first quarter valued at approximately $211,000. 76.66% of the stock is owned by institutional investors.

About Skyworks Solutions

Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.

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