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Skyworks Solutions (NASDAQ:SWKS - Get Rating) had its price objective increased by analysts at B. Riley to $120.00 in a research report issued on Friday, The Fly reports. B. Riley's price target would indicate a potential upside of 6.52% from the company's current price.

A number of other research firms also recently commented on SWKS. The Goldman Sachs Group cut their target price on shares of Skyworks Solutions from $120.00 to $97.00 in a research report on Friday, July 15th. Wells Fargo & Company cut their target price on shares of Skyworks Solutions from $160.00 to $130.00 and set an "overweight" rating for the company in a research report on Monday, July 11th. Piper Sandler cut their target price on shares of Skyworks Solutions from $190.00 to $145.00 in a research report on Tuesday, May 3rd. Craig Hallum cut their target price on shares of Skyworks Solutions from $220.00 to $180.00 in a research report on Wednesday, May 4th. Finally, UBS Group dropped their price target on shares of Skyworks Solutions from $145.00 to $133.00 in a research note on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $142.45.

Shares of SWKS traded down $0.86 on Friday, hitting $112.66. 2,721,143 shares of the stock traded hands, compared to its average volume of 2,076,679. The company has a market capitalization of $18.13 billion, a PE ratio of 13.69, a P/E/G ratio of 1.07 and a beta of 1.20. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.65 and a current ratio of 3.98. The business has a 50 day simple moving average of $100.98 and a 200 day simple moving average of $117.64. Skyworks Solutions has a one year low of $88.76 and a one year high of $186.97.

Skyworks Solutions (NASDAQ:SWKS - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.39. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Skyworks Solutions had a net margin of 25.98% and a return on equity of 30.60%. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.96 earnings per share. As a group, equities analysts forecast that Skyworks Solutions will post 9.8 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the business. Pittenger & Anderson Inc. increased its holdings in shares of Skyworks Solutions by 1,750.0% in the 1st quarter. Pittenger & Anderson Inc. now owns 185 shares of the semiconductor manufacturer's stock worth $25,000 after buying an additional 175 shares during the last quarter. IronBridge Private Wealth LLC bought a new position in Skyworks Solutions during the 4th quarter valued at about $32,000. Financial Management Professionals Inc. grew its holdings in Skyworks Solutions by 1,845.5% during the 1st quarter. Financial Management Professionals Inc. now owns 214 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 203 shares during the last quarter. Bank of New Hampshire bought a new position in Skyworks Solutions during the 1st quarter valued at about $30,000. Finally, Holloway Wealth Management LLC grew its holdings in Skyworks Solutions by 119.0% during the 1st quarter. Holloway Wealth Management LLC now owns 230 shares of the semiconductor manufacturer's stock valued at $31,000 after purchasing an additional 125 shares during the last quarter. 72.09% of the stock is currently owned by institutional investors.

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.Recommended StoriesGet a free copy of the StockNews.com research report on Skyworks Solutions (SWKS)How to Use High Beta Stocks to Maximize Your Investing ProfitsCronos Group Inc's Revenues Are Up, Is It Time to Buy?Why Apple Could Be At All-Time Highs By Year EndBeyond Meat Is Not Beyond Hope, And It's CheapBJ’s Wholesale Club Stock Has More Room to Grow

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