Skyworks Solutions, Inc. (NASDAQ:SWKS)‘s stock had its “buy” rating restated by equities researchers at Mizuho in a research note issued to investors on Tuesday.

The analysts wrote, “We are adjusting our DecQ rev/EPS from $1.05B/$1.90 to $1.05B/$1.91, F18E from $4.05B/$7.24 to $4.05B/$7.29, and F19E from $4.37B/$8.00 to $4.37B/$8.02. Reiterating our Buy and raising PT to $125 (prior $120), ~17.1x our F18E EPS. Continued strong execution, iPhone X ramp, China CA and 5G TDD Tc-SAW ramp with improving GM positions SWKS well.””

A number of other brokerages have also recently commented on SWKS. Instinet initiated coverage on Skyworks Solutions in a research report on Wednesday, September 6th. They issued a “buy” rating and a $115.00 price target on the stock. BidaskClub raised Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Zacks Investment Research cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Drexel Hamilton reissued a “buy” rating and issued a $128.00 price target (up from $120.00) on shares of Skyworks Solutions in a research report on Tuesday. Finally, B. Riley reissued a “buy” rating and issued a $120.00 price target on shares of Skyworks Solutions in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $115.54.

Skyworks Solutions (NASDAQ:SWKS) traded down $5.14 during trading on Tuesday, reaching $111.19. The company’s stock had a trading volume of 8,173,506 shares, compared to its average volume of 1,770,000. The company has a market cap of $20,360.00, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. Skyworks Solutions has a fifty-two week low of $71.65 and a fifty-two week high of $117.65.

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In other news, insider Liam Griffin sold 13,858 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $102.18, for a total value of $1,416,010.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christine King sold 3,705 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total value of $395,768.10. Following the completion of the sale, the director now owns 16,641 shares of the company’s stock, valued at $1,777,591.62. The disclosure for this sale can be found here. Insiders sold a total of 20,173 shares of company stock valued at $2,072,726 over the last 90 days. 0.49% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. Winslow Evans & Crocker Inc. boosted its holdings in Skyworks Solutions by 3.3% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock worth $104,000 after buying an additional 35 shares during the period. Financial Engines Advisors L.L.C. bought a new position in Skyworks Solutions in the 3rd quarter worth $126,000. WFG Advisors LP boosted its holdings in Skyworks Solutions by 14.8% in the 2nd quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock worth $127,000 after buying an additional 171 shares during the period. Sun Life Financial INC boosted its holdings in Skyworks Solutions by 551.5% in the 2nd quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock worth $129,000 after buying an additional 1,136 shares during the period. Finally, Dubuque Bank & Trust Co. bought a new position in Skyworks Solutions in the 2nd quarter worth $182,000. Hedge funds and other institutional investors 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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