BidaskClub cut shares of Skyworks Solutions (NASDAQ:SWKS) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Other equities research analysts have also issued research reports about the company. Citigroup raised Skyworks Solutions from a sell rating to a buy rating and set a $125.00 target price on the stock in a research report on Tuesday, September 5th. Vetr raised Skyworks Solutions from a buy rating to a strong-buy rating and set a $119.64 target price on the stock in a research report on Wednesday, November 29th. Bank of America raised their target price on Skyworks Solutions from $120.00 to $125.00 in a research report on Tuesday, November 7th. Instinet assumed coverage on Skyworks Solutions in a research report on Wednesday, September 6th. They set a buy rating and a $115.00 target price on the stock. Finally, BMO Capital Markets reissued a hold rating and set a $100.00 target price on shares of Skyworks Solutions in a research report on Monday, November 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $116.51.

Shares of Skyworks Solutions (SWKS) traded down $1.59 during midday trading on Friday, hitting $94.95. The stock had a trading volume of 1,542,980 shares, compared to its average volume of 2,510,048. Skyworks Solutions has a 1-year low of $73.94 and a 1-year high of $117.65. The firm has a market cap of $17,738.27, a price-to-earnings ratio of 17.55, a PEG ratio of 0.96 and a beta of 0.84.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st were paid a $0.32 dividend. The ex-dividend date was Monday, November 20th. This represents a $1.28 annualized dividend and a dividend yield of 1.35%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 23.66%.

In other Skyworks Solutions news, insider Liam Griffin sold 15,059 shares of Skyworks Solutions stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $95.09, for a total value of $1,431,960.31. Following the transaction, the insider now directly owns 62,359 shares in the company, valued at approximately $5,929,717.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Carlos S. Bori sold 2,151 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $107.20, for a total value of $230,587.20. Following the completion of the transaction, the senior vice president now owns 9,372 shares in the company, valued at $1,004,678.40. The disclosure for this sale can be found here. Insiders sold a total of 175,722 shares of company stock worth $18,662,549 over the last quarter. Company insiders own 0.49% of the company’s stock.

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Skyworks Solutions by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 18,326,001 shares of the semiconductor manufacturer’s stock valued at $1,758,380,000 after purchasing an additional 502,995 shares during the last quarter. Manning & Napier Advisors LLC grew its stake in shares of Skyworks Solutions by 9.3% in the 3rd quarter. Manning & Napier Advisors LLC now owns 2,190,222 shares of the semiconductor manufacturer’s stock valued at $223,182,000 after purchasing an additional 186,077 shares during the last quarter. Old Mutual Global Investors UK Ltd. grew its stake in shares of Skyworks Solutions by 27.9% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,670,875 shares of the semiconductor manufacturer’s stock valued at $170,262,000 after purchasing an additional 364,933 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Skyworks Solutions by 953.8% in the 2nd quarter. Voya Investment Management LLC now owns 1,290,395 shares of the semiconductor manufacturer’s stock valued at $123,813,000 after purchasing an additional 1,167,942 shares during the last quarter. Finally, APG Asset Management N.V. grew its stake in shares of Skyworks Solutions by 23.9% in the 3rd quarter. APG Asset Management N.V. now owns 1,286,939 shares of the semiconductor manufacturer’s stock valued at $131,139,000 after purchasing an additional 248,200 shares during the last quarter. Institutional investors own 81.50% of the company’s stock.

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About Skyworks Solutions

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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