Skyworks Solutions (NASDAQ:SWKS) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

A number of other research analysts have also weighed in on the company. Citigroup upgraded Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 target price on the stock in a report on Tuesday, September 5th. Vetr upgraded Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $114.47 target price on the stock in a report on Tuesday, August 29th. Zacks Investment Research upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a report on Monday, August 28th. Cowen raised their target price on Skyworks Solutions from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Tuesday, October 10th. Finally, Barclays increased their price target on Skyworks Solutions from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Skyworks Solutions currently has a consensus rating of “Buy” and an average target price of $115.72.

Skyworks Solutions (SWKS) traded up $0.21 during mid-day trading on Thursday, hitting $96.68. The stock had a trading volume of 3,576,233 shares, compared to its average volume of 2,024,109. Skyworks Solutions has a 52 week low of $73.94 and a 52 week high of $117.65. The company has a market capitalization of $17,933.03, a price-to-earnings ratio of 16.21, a PEG ratio of 0.97 and a beta of 0.84.

In other news, SVP Carlos S. Bori sold 2,151 shares of Skyworks Solutions stock in a transaction on Wednesday, November 29th. The stock was 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 directly owns 9,372 shares in the company, valued at $1,004,678.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Liam Griffin sold 13,858 shares of Skyworks Solutions stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $102.18, for a total value of $1,416,010.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,925 shares of company stock valued at $14,829,665. 0.49% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio boosted its stake in Skyworks Solutions by 36.3% during the second quarter. Strs Ohio now owns 9,011 shares of the semiconductor manufacturer’s stock valued at $864,000 after buying an additional 2,399 shares during the period. Daiwa Securities Group Inc. boosted its stake in Skyworks Solutions by 84.3% during the second quarter. Daiwa Securities Group Inc. now owns 9,400 shares of the semiconductor manufacturer’s stock valued at $902,000 after buying an additional 4,300 shares during the period. IFP Advisors Inc boosted its stake in Skyworks Solutions by 2.8% during the second quarter. IFP Advisors Inc now owns 7,207 shares of the semiconductor manufacturer’s stock valued at $692,000 after buying an additional 193 shares during the period. TD Asset Management Inc. boosted its stake in Skyworks Solutions by 1.7% during the second quarter. TD Asset Management Inc. now owns 117,688 shares of the semiconductor manufacturer’s stock valued at $11,292,000 after buying an additional 1,972 shares during the period. Finally, Global X Management Co. LLC boosted its stake in Skyworks Solutions by 31.9% during the second quarter. Global X Management Co. LLC now owns 38,867 shares of the semiconductor manufacturer’s stock valued at $3,729,000 after buying an additional 9,407 shares during the period. Institutional investors own 81.94% of the company’s stock.

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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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