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Skyworks Solutions (NASDAQ:SWKS) was downgraded by investment analysts at Standpoint Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.

In other Skyworks Solutions news, CEO David Aldrich sold 15,000 shares of the stock on the open market in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $30.01, for a total value of $450,150.00. Following the completion of the sale, the chief executive officer now directly owns 314,009 shares in the company, valued at approximately $9,423,410. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Skyworks Solutions (NASDAQ:SWKS) traded up 1.63% on Tuesday, hitting $31.20. The stock had a trading volume of 2,600,455 shares. Skyworks Solutions has a one year low of $19.57 and a one year high of $31.80. The stock has a 50-day moving average of $29. and a 200-day moving average of $26.40. The company has a market cap of $5.895 billion and a P/E ratio of 19.19.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, January 16th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.66 by $0.01. The company had revenue of $505.00 million for the quarter, compared to the consensus estimate of $500.01 million. During the same quarter last year, the company posted $0.54 earnings per share. Skyworks Solutions’s revenue was up 11.3% compared to the same quarter last year. On average, analysts predict that Skyworks Solutions will post $2.60 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on SWKS. Analysts at Zacks reiterated a “neutral” rating on shares of Skyworks Solutions in a research note on Tuesday, January 21st. They now have a $32.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Skyworks Solutions from $23.00 to $26.00 in a research note on Friday, January 17th. They now have an “equal weight” rating on the stock. Finally, analysts at DA Davidson reiterated a “buy” rating on shares of Skyworks Solutions in a research note on Friday, January 17th. They now have a $40.00 price target on the stock, up previously from $35.00. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $34.36.

Skyworks Solutions, Inc (NASDAQ:SWKS) offers analog and mixed signal semiconductors.

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