Skyworks Solutions (SWKS) Upgraded to Hold by BidaskClub

Skyworks Solutions (NASDAQ:SWKS) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Other analysts have also issued research reports about the company. Bank of America raised their price target on Skyworks Solutions from $120.00 to $125.00 in a research note on Tuesday, November 7th. Craig Hallum reaffirmed a “buy” rating on shares of Skyworks Solutions in a research note on Wednesday, September 13th. Zacks Investment Research raised Skyworks Solutions from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a research note on Monday, September 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 price target on shares of Skyworks Solutions in a research note on Sunday, September 17th. Finally, Mizuho reaffirmed a “buy” rating and issued a $120.00 price target on shares of Skyworks Solutions in a research note on Monday, October 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $116.09.

Shares of Skyworks Solutions (NASDAQ:SWKS) traded up $0.46 during mid-day trading on Friday, reaching $101.23. The company had a trading volume of 1,697,800 shares, compared to its average volume of 2,390,000. Skyworks Solutions has a 12 month low of $73.94 and a 12 month high of $117.65. The stock has a market capitalization of $18,600.00, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 0.99 and a beta of 0.83.

In other news, SVP Carlos S. Bori sold 2,151 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $107.20, for a total transaction 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Liam Griffin sold 12,141 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $110.95, for a total value of $1,347,043.95. Following the transaction, the chief executive officer now owns 49,514 shares of the company’s stock, valued at $5,493,578.30. The disclosure for this sale can be found here. Insiders have sold 161,864 shares of company stock valued at $17,246,539 over the last 90 days. Corporate insiders own 0.49% of the company’s stock.

Large investors have recently modified their holdings of the company. Financial Engines Advisors L.L.C. bought a new position in shares of Skyworks Solutions during the third quarter valued at $126,000. WFG Advisors LP increased its holdings in shares of Skyworks Solutions by 14.8% during the second quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock valued at $127,000 after acquiring an additional 171 shares in the last quarter. Sun Life Financial INC increased its holdings in shares of Skyworks Solutions by 551.5% during the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock valued at $129,000 after acquiring an additional 1,136 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Skyworks Solutions during the second quarter valued at $202,000. Finally, Round Table Services LLC purchased a new stake in shares of Skyworks Solutions during the third quarter valued at $204,000. Hedge funds and other institutional investors own 81.50% 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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