Skyworks Solutions (NASDAQ:SWKS) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.

Several other brokerages have also commented on SWKS. BMO Capital Markets reissued a “hold” rating and issued a $100.00 price target on shares of Skyworks Solutions in a report on Monday, November 6th. DA Davidson reaffirmed a “buy” rating and set a $130.00 target price on shares of Skyworks Solutions in a report on Tuesday, November 7th. Drexel Hamilton reaffirmed a “buy” rating and set a $128.00 target price (up previously from $120.00) on shares of Skyworks Solutions in a report on Tuesday, November 7th. Needham & Company LLC upped their target price on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Finally, KeyCorp upped their target price on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock an “in-line” rating in a report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $116.56.

Shares of Skyworks Solutions (NASDAQ:SWKS) traded up $0.54 during midday trading on Friday, reaching $94.63. 3,903,442 shares of the company traded hands, compared to its average volume of 2,366,337. The stock has a market cap of $17,288.11, a price-to-earnings ratio of 15.63, a PEG ratio of 0.93 and a beta of 0.84. Skyworks Solutions has a 12 month low of $73.94 and a 12 month high of $117.65.

In other news, SVP Carlos S. Bori sold 4,377 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $108.30, for a total transaction of $474,029.10. Following the sale, the senior vice president now owns 17,645 shares of the company’s stock, valued at $1,910,953.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carlos S. Bori sold 3,745 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $109.53, for a total transaction of $410,189.85. Following the sale, the senior vice president now directly owns 14,723 shares in the company, valued at approximately $1,612,610.19. The disclosure for this sale can be found here. Insiders have sold 172,639 shares of company stock worth $18,360,415 in the last three months. Corporate insiders own 0.49% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its stake in Skyworks Solutions by 69.2% in the third quarter. Van ECK Associates Corp now owns 307,568 shares of the semiconductor manufacturer’s stock valued at $31,341,000 after purchasing an additional 125,792 shares during the last quarter. Pinebridge Investments L.P. increased its stake in Skyworks Solutions by 88.2% in the third quarter. Pinebridge Investments L.P. now owns 108,618 shares of the semiconductor manufacturer’s stock valued at $11,069,000 after purchasing an additional 50,898 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Skyworks Solutions by 134.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 28,755 shares of the semiconductor manufacturer’s stock valued at $2,759,000 after purchasing an additional 16,467 shares during the last quarter. First Interstate Bank increased its stake in Skyworks Solutions by 6.3% in the third quarter. First Interstate Bank now owns 79,681 shares of the semiconductor manufacturer’s stock valued at $8,120,000 after purchasing an additional 4,740 shares during the last quarter. Finally, Chicago Equity Partners LLC increased its stake in Skyworks Solutions by 337.8% in the second quarter. Chicago Equity Partners LLC now owns 37,020 shares of the semiconductor manufacturer’s stock valued at $3,552,000 after purchasing an additional 28,565 shares during the last quarter. Hedge funds and other institutional investors own 81.94% of the company’s stock.

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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.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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