The shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) has been pegged with a rating of Buy by Cascend Securities in its latest research note that was published on June 10th, 2019. The research company has also assigned a $84 price target. Cascend Securities 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. Argus advised investors in its research note published on June 7th, 2019, to Hold the SWKS stock. The stock had earned Market Perform rating from Cowen when it published its report on June 5th, 2019. That day the Cowen set price target on the stock to $80. The stock was given Buy rating by Canaccord Genuity in its report released on June 5th, 2019, the day when the price target on the stock was placed at $83. Craig Hallum was of a view that SWKS is Buy in its latest report on June 3rd, 2019 while giving it a price target of $85. Craig Hallum thinks that SWKS is worth Buy rating. This was contained in the firm’s report on May 3rd, 2019 in which the stock’s price target was also moved to $105.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 14 believe it has the potential for further growth, thus rating it as Hold while 4 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $99.50. The price of the stock the last time has raised by 23.05% 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 50.45.
The shares of the company added by 1.19% during the trading session on Tuesday, reaching a low of $73.37 while ending the day at $73.97. During the trading session, a total of 2.88 million shares were traded which represents a -41.22% decline from the average session volume which is 2.04M shares. SWKS had ended its last session trading at 73.10. Skyworks Solutions, Inc. currently has a market cap of $12.86B, while its P/E ratio stands at 12.56, while its P/E earnings growth sits at 3.49, with a beta of 0.90. Skyworks Solutions, Inc. debt-to-equity ratio currently stands at 0.00, while its quick ratio hovers at 4.70. SWKS 52-week low price stands at $60.12 while its 52-week high price is $103.95.
The company in its last quarterly report recorded $1.47 earnings per share which is above the $1.43 predicted by most analysts. The Skyworks Solutions, Inc. generated $810.40 million in revenue during the last quarter, which is slightly higher than the $810.03 million predicted by analysts. In the second quarter last year, the firm recorded $1.83 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -24.49%. Skyworks Solutions, Inc. has the potential to record 5.89 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Citigroup published a research note on June 18th, 2018 where it informed investors and clients that Valley National Bancorp (NASDAQ:VLY) is now rated as Neutral. Their price target on the stock stands at $14. Argus also rated VLY as Downgrade on June 7th, 2019, with its price target of $66 suggesting that VLY could surge by 7.78% from its current share price. Even though the stock has been trading at $10.33/share, analysts expect it to surge higher by 0.97% to reach $11.31/share. It started the day trading at $10.53 and traded between $10.35 and $10.43 throughout the trading session.
A look at its technical shows that VLY’s 50-day SMA is 10.22 while its 200-day SMA stands at 10.38. The stock has a high of $13.37 for the year while the low is $8.42. The company’s P/E ratio currently sits at 10.92, while the P/B ratio is 1.07. At the moment, only of Valley National Bancorp shares were sold short. The company’s average trading volume currently stands at 1.67M shares, which means that the short-interest ratio is just 9.77 days. Over the past seven days, the company moved, with its shift of 1.46%. Looking further, the stock has raised 1.86% over the past 90 days while it gained 3.37% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. BlackRock Fund Advisors bought more VLY shares, increasing its portfolio by +2.83% during the last quarter. This move now sees BlackRock Fund Advisors purchasing 1,158,808 shares in the last quarter, thus it now holds 42,042,697 shares of VLY, with a total valuation of $412,859,285. The Vanguard Group Inc meanwhile bought more VLY shares in the recently filed quarter, changing its stake to $300,287,381 worth of shares. Dimensional Fund Advisors LP followed the path by increasing its VLY portfolio by +9.32% in the quarter. This means that Dimensional Fund Advisors LP bought 1,335,983 shares in the last quarter and now controls 15,669,169 shares of the VLY stock, with the valuation hitting $153,871,240.
Similarly, Macquarie Investment Management B increased its Valley National Bancorp shares by +6.85% during the recently filed quarter. After buying 726,341 shares in the last quarter, the firm now controls 11,331,582 shares of Valley National Bancorp which are valued at $111,276,135. In the same vein, Barrow Hanley Mewhinney Strau increased its Valley National Bancorp shares by during the most recent reported quarter. The firm bought 607,428 shares during the quarter which increased its stakes to 6,263,864 shares and is now valued at $61,511,144. Following these latest developments, around 1.50% of Valley National Bancorp stocks are owned by institutional investors and hedge funds.