Skyworks Solutions (NASDAQ:SWKS) Given New $95.00 Price Target at Morgan Stanley

Key Points

• Morgan Stanley raised Skyworks Solutions’ price target from $72 to $95 while maintaining an “equal weight” rating, implying 9.65% potential upside from the prior close.
• Analyst sentiment remains mixed: Skyworks has a consensus “Hold” rating and an average price target of $79, although B. Riley upgraded the stock to “Buy” with a $107 target.
• Shares fell 1.1% to $86.64 in Monday trading. The company has a $13.04 billion market capitalization, and institutional investors own 85.43% of its shares.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) had its price target lifted by equities research analysts at Morgan Stanley from $72.00 to $95.00 in a report issued on Monday, Benzinga reports. The firm currently has an "equal weight" rating on the semiconductor manufacturer's stock. Morgan Stanley's target price points to a potential upside of 9.65% from the company's previous close.

Other equities research analysts also recently issued reports about the company. UBS Group lifted their target price on Skyworks Solutions from $70.00 to $90.00 and gave the stock a "neutral" rating in a report on Thursday. B. Riley Financial raised shares of Skyworks Solutions from a "neutral" rating to a "buy" rating and increased their target price for the stock from $68.00 to $107.00 in a research note on Tuesday, October 6th. Royal Bank Of Canada lifted their price target on shares of Skyworks Solutions from $70.00 to $95.00 and gave the company a "sector perform" rating in a research note on Thursday, October 1st. KeyCorp cut shares of Skyworks Solutions from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, July 14th. Finally, Mizuho boosted their price objective on Skyworks Solutions from $52.00 to $61.00 and gave the company an "underperform" rating in a report on Friday, October 9th. Four analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $79.00.

Skyworks Solutions Trading Down 1.1%

SWKS stock traded down $0.94 during trading on Monday, hitting $86.64. The company had a trading volume of 1,491,448 shares, compared to its average volume of 5,099,564. The stock has a market cap of $13.04 billion, a PE ratio of 44.73, a PEG ratio of 2.39 and a beta of 1.51. The company has a current ratio of 3.10, a quick ratio of 1.94 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average of $80.48 and a 200-day moving average of $67.55. Skyworks Solutions has a one year low of $51.93 and a one year high of $92.80.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Caitlin John LLC bought a new position in shares of Skyworks Solutions in the second quarter valued at approximately $27,000. Parkside Financial Bank & Trust raised its stake in shares of Skyworks Solutions by 108.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 396 shares of the semiconductor manufacturer's stock worth $27,000 after purchasing an additional 206 shares during the period. J.Safra Asset Management Corp bought a new stake in shares of Skyworks Solutions during the 2nd quarter worth $28,000. Fortitude Family Office LLC boosted its holdings in shares of Skyworks Solutions by 254.7% in the 3rd quarter. Fortitude Family Office LLC now owns 337 shares of the semiconductor manufacturer's stock worth $29,000 after buying an additional 242 shares during the last quarter. Finally, Hara Capital LLC purchased a new stake in Skyworks Solutions during the second quarter worth about $35,000. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc NASDAQ: SWKS is a semiconductor company that designs and manufactures high-performance analog and mixed-signal products for wireless connectivity applications. Its portfolio includes radio-frequency front-end modules, amplifiers, filters, switches, antenna tuners, and other integrated solutions used to transmit, receive, and manage wireless signals.

The company serves a range of markets, including smartphones and other mobile devices, automotive systems, industrial equipment, home automation, medical devices, aerospace, and defense.

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