Skyworks Solutions, Inc. (NASDAQ:SWKS) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday.

Several other equities research analysts have also recently issued reports on the company. Mizuho restated a “buy” rating on shares of Skyworks Solutions in a report on Friday, April 28th. Charter Equity restated a “buy” rating on shares of Skyworks Solutions in a report on Saturday, April 29th. Craig Hallum raised their price objective on Skyworks Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, April 28th. ValuEngine cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. Finally, Vetr upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $113.68 target price on the stock in a report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $110.15.

Skyworks Solutions (NASDAQ:SWKS) traded down 0.29% during mid-day trading on Wednesday, reaching $102.71. The company had a trading volume of 861,104 shares. The stock has a market capitalization of $18.87 billion, a price-to-earnings ratio of 19.71 and a beta of 0.82. The stock has a 50 day moving average of $103.59 and a 200 day moving average of $100.86. Skyworks Solutions has a 52 week low of $65.76 and a 52 week high of $112.11.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.05. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The company had revenue of $900.80 million during the quarter, compared to the consensus estimate of $890.58 million. During the same quarter last year, the business posted $1.24 earnings per share. Skyworks Solutions’s revenue was up 19.8% compared to the same quarter last year. Analysts anticipate that Skyworks Solutions will post $6.39 earnings per share for the current year.

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In other news, insider Liam Griffin sold 8,056 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $105.31, for a total transaction of $848,377.36. Following the completion of the transaction, the insider now directly owns 54,310 shares in the company, valued at $5,719,386.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christine King sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $108.84, for a total value of $380,940.00. Following the completion of the sale, the director now owns 16,436 shares of the company’s stock, valued at $1,788,894.24. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. Girard Partners LTD. increased its stake in Skyworks Solutions by 0.3% in the second quarter. Girard Partners LTD. now owns 5,819 shares of the semiconductor manufacturer’s stock worth $558,000 after buying an additional 16 shares during the period. Cadence Capital Management LLC increased its stake in Skyworks Solutions by 0.3% in the second quarter. Cadence Capital Management LLC now owns 7,687 shares of the semiconductor manufacturer’s stock worth $738,000 after buying an additional 21 shares during the period. Winslow Evans & Crocker Inc. increased its stake in Skyworks Solutions by 3.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock worth $104,000 after buying an additional 35 shares during the period. Montag A & Associates Inc. increased its stake in Skyworks Solutions by 0.5% in the second quarter. Montag A & Associates Inc. now owns 9,108 shares of the semiconductor manufacturer’s stock worth $874,000 after buying an additional 41 shares during the period. Finally, Cleararc Capital Inc. increased its stake in Skyworks Solutions by 1.1% in the first quarter. Cleararc Capital Inc. now owns 4,544 shares of the semiconductor manufacturer’s stock worth $445,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 81.26% of the company’s stock.

Skyworks Solutions Company Profile

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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