Skyworks Solutions, Inc. (NASDAQ:SWKS) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued on Monday. They currently have a $114.92 price target on the semiconductor manufacturer’s stock. Vetr‘s target price suggests a potential upside of 2.60% from the stock’s previous close.

Several other research analysts have also commented on the stock. Barclays PLC lifted their price objective on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Cowen and Company lifted their price objective on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 10th. Mizuho reaffirmed a “buy” rating and set a $120.00 price objective on shares of Skyworks Solutions in a research note on Monday, October 9th. Instinet reaffirmed a “buy” rating and set a $115.00 price objective on shares of Skyworks Solutions in a research note on Tuesday, September 26th. Finally, Craig Hallum reaffirmed a “buy” rating on shares of Skyworks Solutions in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $112.50.

Shares of Skyworks Solutions (NASDAQ:SWKS) opened at 112.00 on Monday. Skyworks Solutions has a 12 month low of $71.65 and a 12 month high of $112.30. The stock has a market cap of $20.58 billion, a PE ratio of 21.50 and a beta of 0.89. The firm’s 50-day moving average is $104.96 and its 200 day moving average is $103.75.

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In other Skyworks Solutions news, insider Liam Griffin sold 2,610 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $99.98, for a total value of $260,947.80. Following the completion of the transaction, the insider now directly owns 50,408 shares in the company, valued at $5,039,791.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christine King sold 3,705 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total transaction of $395,768.10. Following the completion of the transaction, the director now owns 16,641 shares of the company’s stock, valued at $1,777,591.62. The disclosure for this sale can be found here. Insiders sold 20,173 shares of company stock valued at $2,072,726 over the last quarter. 0.49% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Girard Partners LTD. increased its holdings in shares of Skyworks Solutions by 0.3% during the second quarter. Girard Partners LTD. now owns 5,819 shares of the semiconductor manufacturer’s stock valued at $558,000 after acquiring an additional 16 shares in the last quarter. Cadence Capital Management LLC increased its holdings in shares of Skyworks Solutions by 0.3% during the second quarter. Cadence Capital Management LLC now owns 7,687 shares of the semiconductor manufacturer’s stock valued at $738,000 after acquiring an additional 21 shares in the last quarter. Winslow Evans & Crocker Inc. increased its holdings in shares of Skyworks Solutions by 3.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,085 shares of the semiconductor manufacturer’s stock valued at $104,000 after acquiring an additional 35 shares in the last quarter. Montag A & Associates Inc. increased its holdings in shares of Skyworks Solutions by 0.5% during the second quarter. Montag A & Associates Inc. now owns 9,108 shares of the semiconductor manufacturer’s stock valued at $874,000 after acquiring an additional 41 shares in the last quarter. Finally, Krilogy Financial LLC increased its holdings in shares of Skyworks Solutions by 1.9% during the second quarter. Krilogy Financial LLC now owns 2,726 shares of the semiconductor manufacturer’s stock valued at $262,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 80.94% of the company’s stock.

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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