Piper Jaffray Companies assumed coverage on shares of Skyworks Solutions (NASDAQ:SWKS) in a report released on Wednesday, MarketBeat.com reports. The firm issued an overweight rating and a $115.00 price target on the semiconductor manufacturer’s stock.
Several other research firms have also recently commented on SWKS. Zacks Investment Research upgraded Skyworks Solutions from a sell rating to a hold rating in a research note on Friday, November 10th. Instinet started coverage on Skyworks Solutions in a research note on Wednesday, September 6th. They issued a buy rating and a $115.00 price target on the stock. Morgan Stanley boosted their price target on Skyworks Solutions from $86.00 to $88.00 and gave the stock an underweight rating in a research note on Wednesday, December 13th. Drexel Hamilton restated a buy rating and set a $128.00 price objective (up previously from $120.00) on shares of Skyworks Solutions in a research note on Tuesday, November 7th. Finally, B. Riley restated a buy rating and set a $131.00 price objective on shares of Skyworks Solutions in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $116.51.
Shares of Skyworks Solutions (SWKS) traded down $0.42 on Wednesday, hitting $97.07. The company’s stock had a trading volume of 1,511,207 shares, compared to its average volume of 2,702,497. Skyworks Solutions has a 12 month low of $73.94 and a 12 month high of $117.65. The firm has a market capitalization of $17,912.82, a PE ratio of 17.94, a PEG ratio of 0.97 and a beta of 0.84.
In other Skyworks Solutions news, SVP Carlos S. Bori sold 3,083 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $98.00, for a total transaction of $302,134.00. Following the completion of the transaction, the senior vice president now directly owns 12,455 shares of the company’s stock, valued at approximately $1,220,590. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Liam Griffin sold 12,141 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $110.95, for a total value of $1,347,043.95. Following the transaction, the chief executive officer now directly owns 49,514 shares of the company’s stock, valued at $5,493,578.30. The disclosure for this sale can be found here. Insiders sold a total of 175,722 shares of company stock valued at $18,662,549 over the last three months. Corporate insiders own 0.49% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Financial Engines Advisors L.L.C. acquired a new stake in shares of Skyworks Solutions during the 3rd quarter valued at $126,000. WFG Advisors LP lifted its holdings in shares of 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. Sun Life Financial INC lifted its holdings in shares of Skyworks Solutions by 551.5% in the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock valued at $129,000 after purchasing an additional 1,136 shares in the last quarter. Intact Investment Management Inc. purchased a new stake in shares of Skyworks Solutions in the third quarter valued at $204,000. Finally, Round Table Services LLC purchased a new stake in shares of Skyworks Solutions in the third quarter valued at $204,000. 81.50% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: “Piper Jaffray Companies Begins Coverage on Skyworks Solutions (SWKS)” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.com-unik.info/2017/12/23/piper-jaffray-companies-begins-coverage-on-skyworks-solutions-swks.html.
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.
What are top analysts saying about Skyworks Solutions? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Skyworks Solutions and related companies.