Skyworks Solutions (NASDAQ:SWKS) was upgraded by research analysts at Cascend Securities from a “hold” rating to a “buy” rating in a research report issued on Monday, Briefing.com Automated Import reports. The firm currently has a $84.00 price objective on the semiconductor manufacturer’s stock. Cascend Securities’ target price suggests a potential upside of 13.56% from the company’s current price.

Several other analysts have also recently commented on the company. Argus cut Skyworks Solutions from a “buy” rating to a “hold” rating and set a $69.00 price target for the company. in a research report on Friday, June 7th. BidaskClub upgraded Skyworks Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Mizuho reiterated a “hold” rating and set a $89.00 price target on shares of Skyworks Solutions in a research report on Friday, May 3rd. TheStreet upgraded Skyworks Solutions from a “c+” rating to a “b-” rating in a report on Wednesday, February 27th. Finally, BMO Capital Markets upped their target price on Skyworks Solutions to $105.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $87.40.

Shares of SWKS opened at $73.97 on Monday. Skyworks Solutions has a one year low of $60.12 and a one year high of $103.95. The company has a market cap of $12.11 billion, a P/E ratio of 11.16, a PEG ratio of 1.22 and a beta of 0.92.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, May 2nd. The semiconductor manufacturer reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.04. Skyworks Solutions had a return on equity of 28.25% and a net margin of 29.06%. The firm had revenue of $810.40 million during the quarter, compared to analysts’ expectations of $809.52 million. During the same period in the previous year, the business earned $1.64 earnings per share. The firm’s revenue for the quarter was down 11.3% on a year-over-year basis. As a group, analysts predict that Skyworks Solutions will post 5.69 EPS for the current fiscal year.

In related news, Director David J. Aldrich sold 5,000 shares of the stock in a transaction dated Friday, March 29th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the transaction, the director now owns 205,922 shares of the company’s stock, valued at approximately $16,768,228.46. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David J. Aldrich sold 10,000 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $85.74, for a total value of $857,400.00. Following the completion of the sale, the director now directly owns 210,922 shares in the company, valued at approximately $18,084,452.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,964 shares of company stock worth $9,787,005. Corporate insiders own 0.64% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GYL Financial Synergies LLC purchased a new position in Skyworks Solutions during the 1st quarter worth approximately $878,000. Allstate Corp purchased a new position in Skyworks Solutions during the 1st quarter worth approximately $316,000. Advisory Services Network LLC grew its stake in Skyworks Solutions by 4.6% during the 1st quarter. Advisory Services Network LLC now owns 15,292 shares of the semiconductor manufacturer’s stock worth $1,261,000 after buying an additional 675 shares during the last quarter. FMR LLC grew its stake in Skyworks Solutions by 63.8% during the 1st quarter. FMR LLC now owns 3,517,246 shares of the semiconductor manufacturer’s stock worth $290,102,000 after buying an additional 1,370,337 shares during the last quarter. Finally, BlueMountain Capital Management LLC lifted its position in Skyworks Solutions by 74.1% during the 1st quarter. BlueMountain Capital Management LLC now owns 3,049 shares of the semiconductor manufacturer’s stock worth $251,000 after acquiring an additional 1,298 shares during the period. Institutional investors and hedge funds own 81.08% of the company’s stock.

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.

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Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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