Skyworks Solutions, Inc. (NASDAQ:SWKS)‘s stock had its “hold” rating reiterated by research analysts at BMO Capital Markets in a research note issued to investors on Monday. They currently have a $100.00 price objective on the semiconductor manufacturer’s stock. BMO Capital Markets’ price target would indicate a potential downside of 14.04% from the stock’s current price.

SWKS has been the subject of several other research reports. Zacks Investment Research raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research note on Monday, August 28th. Vetr raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $114.47 target price for the company in a research note on Tuesday, August 29th. Barclays PLC increased their target price on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Skyworks Solutions in a research note on Monday, July 31st. Finally, Craig Hallum reaffirmed a “buy” rating on shares of Skyworks Solutions in a research note on Thursday, September 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $112.50.

Shares of Skyworks Solutions (NASDAQ SWKS) traded up $3.14 during mid-day trading on Monday, reaching $116.33. 5,139,294 shares of the company’s stock traded hands, compared to its average volume of 1,650,000. The stock has a market capitalization of $21,220.00, a price-to-earnings ratio of 19.86, a PEG ratio of 1.10 and a beta of 0.90. Skyworks Solutions has a one year low of $71.65 and a one year high of $116.79.

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In other news, Director Christine King sold 3,705 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total transaction of $395,768.10. Following the transaction, the director now directly owns 16,641 shares in the company, valued at $1,777,591.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Liam Griffin sold 2,610 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $99.98, for a total transaction of $260,947.80. Following the transaction, the insider now owns 50,408 shares in the company, valued at $5,039,791.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,173 shares of company stock worth $2,072,726. Insiders own 0.49% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Skyworks Solutions by 2.8% during the second quarter. Vanguard Group Inc. now owns 18,326,001 shares of the semiconductor manufacturer’s stock worth $1,758,380,000 after acquiring an additional 502,995 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Skyworks Solutions by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 2,652,096 shares of the semiconductor manufacturer’s stock worth $254,468,000 after acquiring an additional 95,860 shares during the last quarter. Old Mutual Global Investors UK Ltd. grew its position in shares of Skyworks Solutions by 27.9% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,670,875 shares of the semiconductor manufacturer’s stock worth $170,262,000 after acquiring an additional 364,933 shares during the last quarter. Voya Investment Management LLC grew its position in shares of Skyworks Solutions by 953.8% during the second quarter. Voya Investment Management LLC now owns 1,290,395 shares of the semiconductor manufacturer’s stock worth $123,813,000 after acquiring an additional 1,167,942 shares during the last quarter. Finally, APG Asset Management N.V. grew its position in shares of Skyworks Solutions by 23.9% during the third quarter. APG Asset Management N.V. now owns 1,286,939 shares of the semiconductor manufacturer’s stock worth $131,139,000 after acquiring an additional 248,200 shares during the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.

Skyworks Solutions Company Profile

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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