Economy

Skyworks Solutions, Inc. (SWKS) Earns Buy Rating from Analysts at Instinet

Skyworks Solutions, Inc. (SWKS) Earns Buy Rating from Analysts at Instinet”

Several other large investors have also recently modified their holdings of the company.

Analysts await Skyworks Solutions Inc (NASDAQ:SWKS) to report earnings on November, 2. Charter Equity maintained the shares of SWKS in report on Friday, June 30 with "Buy" rating. The stock has "Overweight" rating by Pacific Crest on Tuesday, April 4. Oppenheimer maintained it with "Outperform" rating and $100 target in Friday, January 29 report. Finally, Instinet assumed coverage on Skyworks Solutions in a research report on Wednesday, September 6th.

Among 8 analysts covering DigitalGlobe (NYSE:DGI), 1 have Buy rating, 0 Sell and 7 Hold. Vetr lowered Skyworks Solutions from a "buy" rating to a "hold" rating and set a $110.24 target price on the stock.in a research note on Wednesday, June 7th. (NASDAQ:SWKS). During recent trading, shares saw a move of -1.33% hitting a price of $102.13. The insider now holds 4,173 shares of Skyworks Solutions, Inc. The insider, KING CHRISTINE, now holds 12,936 shares of SWKS. The lowest target is $61 while the high is $132. Market valuation of the company is $18.79 B, a price to earnings ratio of 19.63 along with a stock beta of 0.81. Using a wider time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations. DigitalGlobe Inc (NYSE:DGI) has risen 48.46% since September 21, 2016 and is uptrending.

Skyworks Solutions, Inc. most recently reported earnings per share (EPS) of $1.57 for the June 2017 versus $1.24 in the same quarter past year, representing 27% growth. The business had revenue of $900.80 million for the quarter, compared to the consensus estimate of $890.58 million. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The business's revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.24 EPS.

ILLEGAL ACTIVITY NOTICE: This article was originally published by Week Herald and is the property of of Week Herald. If you are viewing this piece of content on another site, it was stolen and republished in violation of US and worldwide copyright legislation. Smith Graham And Co Advisors L P has invested 0.71% in Skyworks Solutions Inc (NASDAQ:SWKS). Stockholders of record on Tuesday, August 8th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.25%. Winslow Evans & Crocker Inc. grew its holdings in Skyworks Solutions by 3.3% during the 2nd quarter. The ex-dividend date of this dividend was Fri, Aug 4th. Skyworks Solutions's dividend payout ratio is now 24.57%. The stock of Skyworks Solutions Inc (NASDAQ:SWKS) has "Neutral" rating given on Thursday, January 12 by Goldman Sachs. The stock was sold at an average price of $105.31, for a total transaction of $848,377.36. Following the sale, the director now directly owns 16,641 shares of the company's stock, valued at $1,777,591.62. Vanguard Group Inc. now owns 17,823,006 shares of the semiconductor manufacturer's stock valued at $1,746,298,000 after buying an additional 466,480 shares during the period. The shares were sold at an average price of $106.82, for a total value of $395,768.10. Shares were disposed in a price range of $99.98, amounting $260,947.80. after the closing of the transaction the executive has an ownership of 50,408 company stock worth at $5,039,791.84. The disclosure for this sale can be found here. Glenmede Trust Company Na sold 14,904 shares as the company's stock rose 7.80% with the market. The hedge fund run by Jeffrey Bersh held 903,870 shares of the property-casualty insurers company at the end of 2017Q2, valued at $37.73M, down from 959,925 at the end of the previous reported quarter. Invictus RG purchased a new position in Skyworks Solutions in the first quarter worth about $101,000.

Skyworks Solutions Inc (SWKS) formed double top with $108.18 target or 6.00% above today's $102.06 share price. Ltd. now owns 303,743 shares of the semiconductor manufacturer's stock worth $23,127,000 after buying an additional 4,346 shares during the period. After $1.46 actual earnings per share reported by Skyworks Solutions Inc for the previous quarter, Wall Street now forecasts 12.33 % EPS growth. Sun Life Financial INC lifted its position in shares of Skyworks Solutions by 551.5% during the 2nd quarter. The price earnings ratio (P/E) ratio helps investors analyze how much they should pay for a stock based on its current earnings. Finally, TrimTabs Asset Management LLC grew its holdings in Skyworks Solutions by 89.0% during the 1st quarter. Geode Capital Management LLC now owns 2,170,250 shares of the semiconductor manufacturer's stock valued at $212,388,000 after purchasing an additional 189,313 shares in the last quarter. Skyworks Solutions, Inc. has had 5 insider trades in the last 3 months, including 0 open market buys and 5 sells. 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.



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