The shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) has been pegged with a rating of Buy by Craig Hallum in its latest research note that was published on January 9th, 2019. The research company has also assigned a $90 price target. Craig Hallum wasn’t the only research firm that published a report of Skyworks Solutions, Inc., with other equities research analysts also giving their opinion on the stock. Canaccord Genuity advised investors in its research note published on January 9th, 2019, to Buy the SWKS stock while also putting a $84 price target. The stock had earned Neutral rating from B. Riley FBR when it published its report on January 9th, 2019. That day the B. Riley FBR set price target on the stock to $80. The stock was given Perform rating by Oppenheimer in its report released on January 7th, 2019. Nomura was of a view that SWKS is Neutral in its latest report on January 4th, 2019. KeyBanc Capital Mkts thinks that SWKS is worth Sector Weight rating. This was contained in the firm’s report on December 10th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 16 believe it has the potential for further growth, thus rating it as Hold while 5 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $98.84. The price of the stock the last time has raised by 14.10% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 49.54.
The shares of the company added by 1.33% during the trading session on Thursday, reaching a low of $67.3 while ending the day at $68.59. During the trading session, a total of 2.27 million shares were traded which represents a 7.69% incline from the average session volume which is 2.46M shares. SWKS had ended its last session trading at 67.69. Skyworks Solutions, Inc. currently has a market cap of $13.01B, while its P/E ratio stands at 10.83, while its P/E earnings growth sits at 3.36, with a beta of 0.74. Skyworks Solutions, Inc. debt-to-equity ratio currently stands at 0.00, while its quick ratio hovers at 4.50. SWKS 52-week low price stands at $60.12 while its 52-week high price is $115.98.
The company in its last quarterly report recorded $1.94 earnings per share which is above the $1.92 predicted by most analysts. The Skyworks Solutions, Inc. generated $1,008.40 million in revenue during the last quarter, which is slightly higher than the $1,001.89 million predicted by analysts. In the second quarter last year, the firm recorded $1.64 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 15.46%. Skyworks Solutions, Inc. has the potential to record 6.34 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Wedbush published a research note on June 1st, 2018 where it informed investors and clients that Navient Corporation (NASDAQ:NAVI) is now rated as Outperform. Their price target on the stock stands at $15.75. Canaccord Genuity also rated NAVI as Reiterated on January 9th, 2019, with its price target of $84 suggesting that NAVI could surge by 28.72% from its current share price. Even though the stock has been trading at $10.39/share, analysts expect it to surge higher by 0.58% to reach $14.66/share. It started the day trading at $10.475 and traded between $10.245 and $10.45 throughout the trading session.
A look at its technical shows that NAVI’s 50-day SMA is 10.73 while its 200-day SMA stands at 12.78. The company’s average trading volume currently stands at 2.35M shares, which means that the short-interest ratio is just 3.62 days. Over the past seven days, the company moved, with its shift of 10.58%. Looking further, the stock has dropped -20.53% over the past 90 days while it lost -24.17% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Barrow Hanley Mewhinney Strau sold more NAVI shares, decreasing its portfolio by -1.76% during the last quarter. This move now sees Barrow Hanley Mewhinney Strau selling -472,304 shares in the last quarter, thus it now holds 26,359,440 shares of NAVI, with a total valuation of $232,226,666. Canyon Capital Advisors LLC meanwhile bought more NAVI shares in the recently filed quarter, changing its stake to $225,971,919 worth of shares. The Vanguard Group Inc followed the path by decreasing its NAVI portfolio by -0.41% in the quarter. This means that The Vanguard Group Inc sold -98,651 shares in the last quarter and now controls 23,764,144 shares of the NAVI stock, with the valuation hitting $209,362,109.
Similarly, Boston Partners Global Investors decreased its Navient Corporation shares by -4.94% during the recently filed quarter. After selling -828,627 shares in the last quarter, the firm now controls 15,952,349 shares of Navient Corporation which are valued at $140,540,195. In the same vein, Dimensional Fund Advisors LP increased its Navient Corporation shares by during the most recent reported quarter. The firm bought 64,619 shares during the quarter which increased its stakes to 11,905,752 shares and is now valued at $104,889,675. Following these latest developments, around 1.50% of Navient Corporation stocks are owned by institutional investors and hedge funds.