Skyworks Solutions (SWKS) Coverage Initiated at Susquehanna Bancshares

Analysts at Susquehanna Bancshares initiated coverage on shares of Skyworks Solutions (NASDAQ:SWKS) in a research report issued to clients and investors on Friday. The firm set a “neutral” rating on the semiconductor manufacturer’s stock.

Other equities research analysts have also issued reports about the stock. UBS Group assumed coverage on shares of Skyworks Solutions in a report on Thursday. They issued a “neutral” rating and a $70.00 price target on the stock. ValuEngine raised shares of Skyworks Solutions from a “strong sell” rating to a “sell” rating in a research note on Thursday. BidaskClub lowered shares of Skyworks Solutions from a “hold” rating to a “sell” rating in a research note on Friday, October 26th. BMO Capital Markets lowered their target price on shares of Skyworks Solutions to $100.00 and set an “outperform” rating on the stock in a research note on Friday, November 9th. Finally, Zacks Investment Research raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $103.38.

NASDAQ:SWKS traded down $0.80 during mid-day trading on Friday, hitting $69.81. The company’s stock had a trading volume of 17,572 shares, compared to its average volume of 2,853,479. Skyworks Solutions has a 1 year low of $68.58 and a 1 year high of $115.98. The firm has a market cap of $12.56 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 0.87 and a beta of 0.60.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, November 8th. The semiconductor manufacturer reported $1.94 EPS for the quarter, beating the consensus estimate of $1.92 by $0.02. Skyworks Solutions had a net margin of 23.74% and a return on equity of 30.59%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the company earned $1.82 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. On average, research analysts predict that Skyworks Solutions will post 6.74 EPS for the current year.

In related news, Director David J. Aldrich sold 5,500 shares of the company’s stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $90.48, for a total transaction of $497,640.00. Following the completion of the transaction, the director now owns 147,752 shares in the company, valued at approximately $13,368,600.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David J. Aldrich sold 3,000 shares of the stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $86.25, for a total transaction of $258,750.00. Following the completion of the sale, the director now owns 144,251 shares of the company’s stock, valued at approximately $12,441,648.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,500 shares of company stock valued at $1,930,810. Insiders own 0.47% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in SWKS. Marshall Wace North America L.P. acquired a new stake in shares of Skyworks Solutions during the 3rd quarter worth approximately $3,764,000. Diversified Trust Co increased its holdings in shares of Skyworks Solutions by 36.7% during the 3rd quarter. Diversified Trust Co now owns 22,622 shares of the semiconductor manufacturer’s stock worth $2,052,000 after buying an additional 6,075 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Skyworks Solutions by 3.8% during the 3rd quarter. Legal & General Group Plc now owns 869,183 shares of the semiconductor manufacturer’s stock worth $78,808,000 after buying an additional 31,437 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in shares of Skyworks Solutions by 6,078.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 69,574 shares of the semiconductor manufacturer’s stock worth $767,000 after purchasing an additional 68,448 shares during the period. Finally, Krane Funds Advisors LLC boosted its position in shares of Skyworks Solutions by 20.1% during the 3rd quarter. Krane Funds Advisors LLC now owns 7,900 shares of the semiconductor manufacturer’s stock worth $717,000 after purchasing an additional 1,322 shares during the period. Institutional investors own 80.68% 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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