Skyworks Solutions (NASDAQ:SWKS) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Skyworks Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. UBS Group upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, February 6th. B. Riley dropped their target price on shares of Skyworks Solutions from $131.00 to $128.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Vetr downgraded shares of Skyworks Solutions from a “sell” rating to a “strong sell” rating and set a $91.21 target price on the stock. in a report on Wednesday, February 7th. Finally, BMO Capital Markets upgraded shares of Skyworks Solutions from a “market perform” rating to an “outperform” rating in a report on Tuesday, February 6th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. Skyworks Solutions presently has a consensus rating of “Buy” and an average target price of $115.93.

Shares of Skyworks Solutions (NASDAQ:SWKS) opened at $104.10 on Tuesday. Skyworks Solutions has a 52 week low of $90.53 and a 52 week high of $117.65. The stock has a market cap of $19,130.00, a price-to-earnings ratio of 23.61, a P/E/G ratio of 1.02 and a beta of 0.69.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.09. Skyworks Solutions had a net margin of 21.72% and a return on equity of 30.21%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the business earned $1.61 EPS. Skyworks Solutions’s quarterly revenue was up 15.0% compared to the same quarter last year. equities research analysts predict that Skyworks Solutions will post 6.67 earnings per share for the current year.

Skyworks Solutions declared that its board has initiated a stock repurchase program on Monday, February 5th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor manufacturer to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

In related news, SVP Carlos S. Bori sold 3,745 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $109.53, for a total value of $410,189.85. Following the sale, the senior vice president now owns 14,723 shares of the company’s stock, valued at $1,612,610.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Carlos S. Bori sold 4,377 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $108.30, for a total transaction of $474,029.10. Following the completion of the sale, the senior vice president now directly owns 17,645 shares in the company, valued at approximately $1,910,953.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,405 shares of company stock worth $14,462,209. Insiders own 0.49% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Financial Engines Advisors L.L.C. acquired a new position in Skyworks Solutions in the third quarter valued at about $126,000. WFG Advisors LP increased its stake in Skyworks Solutions by 14.8% in the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock valued at $127,000 after purchasing an additional 171 shares in the last quarter. Intact Investment Management Inc. bought a new stake in Skyworks Solutions in the third quarter valued at approximately $204,000. Round Table Services LLC bought a new stake in Skyworks Solutions in the third quarter valued at approximately $204,000. Finally, Park Avenue Securities LLC bought a new stake in Skyworks Solutions in the third quarter valued at approximately $211,000. Hedge funds and other institutional investors own 81.22% of the company’s stock.

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About Skyworks Solutions

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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