Skyworks Solutions (NASDAQ:SWKS) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Thursday.

A number of other brokerages have also weighed in on SWKS. TheStreet lowered shares of Skyworks Solutions from a “b-” rating to a “c+” rating in a report on Friday, November 30th. Canaccord Genuity reduced their price objective on shares of Skyworks Solutions from $115.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, November 9th. Citigroup cut shares of Skyworks Solutions from a “buy” rating to a “neutral” rating in a research note on Monday, November 12th. Oppenheimer reduced their price objective on shares of Skyworks Solutions from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, November 9th. Finally, Charter Equity reaffirmed a “market perform” rating on shares of Skyworks Solutions in a research note on Friday, November 9th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $103.38.

Shares of Skyworks Solutions stock traded down $0.15 during midday trading on Thursday, reaching $70.61. The company had a trading volume of 2,636,557 shares, compared to its average volume of 2,175,981. The firm has a market cap of $12.56 billion, a P/E ratio of 10.65, a P/E/G ratio of 0.87 and a beta of 0.60. Skyworks Solutions has a 1-year low of $68.58 and a 1-year high of $115.98.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, November 8th. The semiconductor manufacturer reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.02. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Skyworks Solutions had a net margin of 23.74% and a return on equity of 30.59%. Skyworks Solutions’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.82 earnings per share. Equities analysts anticipate that Skyworks Solutions will post 6.74 earnings per share for the current fiscal year.

In other news, Director David J. Aldrich sold 3,000 shares of Skyworks Solutions stock in a transaction on Friday, September 7th. The shares were sold at an average price of $88.78, for a total transaction of $266,340.00. Following the transaction, the director now directly owns 145,252 shares of the company’s stock, valued at $12,895,472.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David J. Aldrich sold 10,000 shares of Skyworks Solutions stock in a transaction on Friday, September 21st. The stock was sold at an average price of $91.30, for a total transaction of $913,000.00. Following the transaction, the director now directly owns 152,252 shares in the company, valued at $13,900,607.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,500 shares of company stock worth $2,197,150. Insiders own 0.47% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kiwi Wealth Investments Limited Partnership bought a new stake in Skyworks Solutions in the 2nd quarter valued at $3,486,000. Centaurus Financial Inc. bought a new stake in Skyworks Solutions in the 2nd quarter valued at $147,000. Dearborn Partners LLC lifted its position in Skyworks Solutions by 67.2% in the 3rd quarter. Dearborn Partners LLC now owns 3,463 shares of the semiconductor manufacturer’s stock valued at $314,000 after acquiring an additional 1,392 shares in the last quarter. Midas Management Corp lifted its position in Skyworks Solutions by 16.7% in the 3rd quarter. Midas Management Corp now owns 31,500 shares of the semiconductor manufacturer’s stock valued at $2,857,000 after acquiring an additional 4,500 shares in the last quarter. Finally, grace capital bought a new stake in Skyworks Solutions in the 2nd quarter valued at $435,000. 80.68% of the stock is currently owned by institutional investors.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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