Skyworks Solutions (NASDAQ:SWKS) PT Lowered to $195.00

Skyworks Solutions (NASDAQ:SWKSGet Rating) had its price target lowered by analysts at Wells Fargo & Company from $230.00 to $195.00 in a research note issued to investors on Wednesday, The Fly reports. Wells Fargo & Company‘s price objective indicates a potential upside of 62.04% from the company’s current price.

SWKS has been the subject of a number of other research reports. Susquehanna cut their price objective on Skyworks Solutions from $195.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, February 4th. Cowen reduced their price objective on Skyworks Solutions from $210.00 to $175.00 and set an “outperform” rating on the stock in a research note on Friday, February 4th. Benchmark lowered their target price on Skyworks Solutions from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Friday, February 4th. Bank of America reduced their price target on shares of Skyworks Solutions from $180.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, February 4th. Finally, B. Riley lowered shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $175.00 to $138.00 in a research report on Tuesday. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and an average price target of $186.33.

SWKS stock opened at $120.34 on Wednesday. The stock’s fifty day moving average price is $133.76 and its 200-day moving average price is $149.31. The company has a market cap of $19.74 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 0.90 and a beta of 1.09. Skyworks Solutions has a 1 year low of $118.99 and a 1 year high of $204.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.20 and a quick ratio of 2.97.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last released its earnings results on Thursday, February 3rd. The semiconductor manufacturer reported $2.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.75 by $0.15. Skyworks Solutions had a net margin of 27.18% and a return on equity of 30.57%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the firm posted $3.09 EPS. As a group, analysts expect that Skyworks Solutions will post 10.04 earnings per share for the current year.

In other Skyworks Solutions news, CEO Liam Griffin sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 2nd. The stock was sold at an average price of $146.91, for a total transaction of $1,469,100.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 40,000 shares of company stock worth $5,782,100. 0.31% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Clark Capital Management Group Inc. boosted its stake in shares of Skyworks Solutions by 7.2% during the third quarter. Clark Capital Management Group Inc. now owns 166,202 shares of the semiconductor manufacturer’s stock valued at $27,387,000 after purchasing an additional 11,183 shares in the last quarter. Cetera Advisors LLC boosted its position in Skyworks Solutions by 32.3% during the 3rd quarter. Cetera Advisors LLC now owns 7,937 shares of the semiconductor manufacturer’s stock valued at $1,308,000 after acquiring an additional 1,940 shares in the last quarter. Kempner Capital Management Inc. purchased a new position in shares of Skyworks Solutions in the 4th quarter valued at $1,519,000. Yousif Capital Management LLC bought a new position in shares of Skyworks Solutions in the 4th quarter worth $3,939,000. Finally, First Hawaiian Bank boosted its position in Skyworks Solutions by 504.7% during the fourth quarter. First Hawaiian Bank now owns 14,917 shares of the semiconductor manufacturer’s stock valued at $2,314,000 after purchasing an additional 12,450 shares in the last quarter. Hedge funds and other institutional investors own 72.57% of the company’s stock.

Skyworks Solutions Company Profile (Get Rating)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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