Citigroup Inc. reissued their neutral rating on shares of Skyworks Solutions Inc (NASDAQ:SWKS) in a research note released on Monday, ARN reports.

In other Skyworks Solutions news, CFO Donald W. Palette sold 20,000 shares of the company’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $85.00, for a total transaction of $1,700,000.00. Following the sale, the chief financial officer now owns 28,617 shares in the company, valued at approximately $2,432,445. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David J. Aldrich sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $80.56, for a total value of $1,208,400.00. Following the sale, the chief executive officer now owns 234,620 shares in the company, valued at approximately $18,900,987.20. The disclosure for this sale can be found here.

A number of large investors recently modified their holdings of SWKS. Kistler-Tiffany Companies bought a new stake in shares of Skyworks Solutions during the fourth quarter valued at $40,000. Benjamin F. Edwards & Company increased its stake in shares of Skyworks Solutions by 31.3% in the fourth quarter. Benjamin F. Edwards & Company now owns 591 shares of the semiconductor manufacturer’s stock valued at $45,000 after buying an additional 141 shares during the period. Chelsea Counsel Company increased its stake in shares of Skyworks Solutions by 12.5% in the third quarter. Chelsea Counsel Company now owns 4,500 shares of the semiconductor manufacturer’s stock valued at $379,000 after buying an additional 500 shares during the period. Beacon Financial Group increased its stake in shares of Skyworks Solutions by 3.4% in the fourth quarter. Beacon Financial Group now owns 7,408 shares of the semiconductor manufacturer’s stock valued at $586,000 after buying an additional 246 shares during the period. Finally, Natixis Asset Management increased its stake in shares of Skyworks Solutions by 15.1% in the third quarter. Natixis Asset Management now owns 9,030 shares of the semiconductor manufacturer’s stock valued at $760,000 after buying an additional 1,185 shares during the period.

A number of other research firms have also recently commented on SWKS. CLSA restated an outperform rating and issued a $92.00 price objective on shares of Skyworks Solutions in a research report on Tuesday, November 24th. Zacks Investment Research cut Skyworks Solutions from a buy rating to a hold rating in a research report on Wednesday, November 4th. JMP Securities boosted their price objective on Skyworks Solutions from $125.00 to $130.00 and gave the company an outperform rating in a research report on Friday, September 18th. Barclays restated an overweight rating and issued a $95.00 price objective on shares of Skyworks Solutions in a research report on Monday, January 4th. Finally, Bank of America restated a buy rating on shares of Skyworks Solutions in a research report on Friday, January 1st. Four research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $108.32.

Skyworks Solutions (NASDAQ:SWKS) traded up 3.83% during mid-day trading on Monday, reaching $64.54. The company had a trading volume of 5,674,198 shares. The stock has a market capitalization of $12.34 billion and a price-to-earnings ratio of 15.74. Skyworks Solutions has a 52 week low of $60.07 and a 52 week high of $112.88. The stock has a 50 day moving average of $78.17 and a 200 day moving average of $85.04.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Thursday, November 5th. The semiconductor manufacturer reported $1.52 earnings per share for the quarter, meeting the consensus estimate of $1.52. During the same quarter in the prior year, the business posted $1.12 earnings per share. The company had revenue of $880.80 million for the quarter, compared to analysts’ expectations of $877.37 million. The firm’s revenue was up 22.6% compared to the same quarter last year. Analysts anticipate that Skyworks Solutions will post $6.08 earnings per share for the current year.

Skyworks Solutions, Inc. (NASDAQ:SWKS) is engaged in the production of analog semiconductors. The Company supports automotive, broadband, cellular infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio consists of amplifiers, attenuators, battery chargers, circulators, DC/DC (direct current/direct current) converters, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency subsystems, isolators, LED (light emitting diodes) drivers, mixers, modulators, optocouplers, optoisolators, phase shifters, PLLs (Phase Locked Loops)/synthesizers/VCOs (voltage controlled oscillator, power dividers/combiners, power management devices, receivers, switches, technical ceramics and voltage regulators.

12 Month Chart for NASDAQ:SWKS

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