Skyworks Solutions (NASDAQ:SWKS) had its target price increased by analysts at Susquehanna Bancshares from $90.00 to $115.00 in a research note issued on Friday, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the semiconductor manufacturer’s stock. Susquehanna Bancshares’ price target suggests a potential downside of 5.77% from the stock’s previous close.

Several other equities analysts also recently weighed in on SWKS. Longbow Research increased their target price on Skyworks Solutions from $138.00 to $142.00 and gave the stock a “positive” rating in a research report on Friday. B. Riley reiterated a “buy” rating and set a $145.00 target price on shares of Skyworks Solutions in a research report on Tuesday. Robert W. Baird increased their target price on Skyworks Solutions from $105.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday. Mizuho increased their target price on Skyworks Solutions from $132.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Cowen increased their target price on Skyworks Solutions from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $114.70.

NASDAQ SWKS traded down $6.15 during trading hours on Friday, hitting $122.04. 5,194,746 shares of the company’s stock were exchanged, compared to its average volume of 1,870,666. The business’s 50 day moving average is $117.54 and its 200-day moving average is $93.10. Skyworks Solutions has a 12-month low of $66.29 and a 12-month high of $128.33. The firm has a market capitalization of $21.28 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 1.48 and a beta of 1.12.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, January 23rd. The semiconductor manufacturer reported $1.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.16. Skyworks Solutions had a return on equity of 24.41% and a net margin of 25.28%. The firm had revenue of $896.10 million for the quarter, compared to the consensus estimate of $881.80 million. During the same period in the prior year, the business posted $1.83 earnings per share. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. On average, research analysts anticipate that Skyworks Solutions will post 5.89 EPS for the current fiscal year.

In related news, Director David J. Aldrich sold 7,560 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $120.01, for a total transaction of $907,275.60. Following the sale, the director now directly owns 155,592 shares in the company, valued at approximately $18,672,595.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Robert John Terry sold 1,483 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $100.00, for a total value of $148,300.00. Following the sale, the senior vice president now owns 15,132 shares in the company, valued at $1,513,200. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 256,441 shares of company stock worth $26,862,903. Company insiders own 0.64% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Mechanics Bank Trust Department acquired a new stake in Skyworks Solutions during the 3rd quarter valued at approximately $25,000. Squar Milner Financial Services LLC grew its stake in Skyworks Solutions by 492.6% during the 3rd quarter. Squar Milner Financial Services LLC now owns 320 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 266 shares in the last quarter. Allred Capital Management LLC acquired a new stake in Skyworks Solutions during the 4th quarter valued at approximately $27,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Skyworks Solutions during the 3rd quarter valued at approximately $32,000. Finally, Stonebridge Capital Advisors LLC acquired a new stake in Skyworks Solutions during the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 82.96% 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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