Skyworks Solutions (NASDAQ:SWKS) Price Target Lowered to $87.00 at Morgan Stanley

Skyworks Solutions (NASDAQ:SWKS) had its price target lowered by Morgan Stanley from $117.00 to $87.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the semiconductor manufacturer’s stock. Morgan Stanley’s price target would suggest a potential downside of 0.05% from the stock’s current price.

Several other equities analysts also recently commented on SWKS. Robert W. Baird upped their price objective on shares of Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Bank of America boosted their price objective on shares of Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. raised their target price on shares of Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, B. Riley decreased their price target on shares of Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $107.06.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $87.04 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75. The company has a fifty day moving average of $96.17 and a 200-day moving average of $100.61. Skyworks Solutions has a 52-week low of $85.99 and a 52-week high of $120.86. The company has a market capitalization of $13.90 billion, a P/E ratio of 17.95, a P/E/G ratio of 3.99 and a beta of 1.21.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, SVP Reza Kasnavi sold 1,843 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $107.47, for a total transaction of $198,067.21. Following the sale, the senior vice president now directly owns 17,455 shares in the company, valued at $1,875,888.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP Robert John Terry sold 1,821 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the sale, the senior vice president now directly owns 24,567 shares of the company’s stock, valued at approximately $2,214,960.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Reza Kasnavi sold 1,843 shares of Skyworks Solutions stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $107.47, for a total transaction of $198,067.21. Following the sale, the senior vice president now owns 17,455 shares of the company’s stock, valued at $1,875,888.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,162 shares of company stock valued at $2,306,291. Insiders own 0.35% of the company’s stock.

Institutional Trading of Skyworks Solutions

Several institutional investors and hedge funds have recently modified their holdings of SWKS. Innealta Capital LLC purchased a new stake in shares of Skyworks Solutions in the 2nd quarter worth $27,000. Rothschild Investment LLC bought a new position in shares of Skyworks Solutions during the second quarter valued at approximately $27,000. Investors Research Corp increased its holdings in Skyworks Solutions by 167.7% during the third quarter. Investors Research Corp now owns 340 shares of the semiconductor manufacturer’s stock valued at $34,000 after buying an additional 213 shares during the period. Blue Trust Inc. lifted its holdings in Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 149 shares during the period. Finally, Matrix Trust Co purchased a new position in shares of Skyworks Solutions in the 3rd quarter valued at $39,000. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, 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, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.