Skyworks Solutions (NASDAQ:SWKS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

According to Zacks, “Skyworks is a designer as well as a manufacturer of high performance analog and mixed signal semiconductors. The company operates in a highly competitive market with intense pricing pressures. As its peers gear up to capitalize on the increasing demand for smartphones, we expect pricing pressure to intensify leading to a decline in margin. Additionally, heavy investments in research & development are escalating operating expenses, which will continue to Impact company’s bottom line. However, the company is expected to benefit from strong demand for Wi-Fi, Zigbee and LTE solutions. The demand for highly-integrated solutions is increasing as customers implement the next level of functionality for higher bandwidth. We believe Skyworks’ expanding product portfolio has the potential to address this rapidly growing need. Notably, shares of the company have outperformed the industry over the last one year.”

Several other equities analysts have also weighed in on the company. Vetr upgraded Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $119.64 target price on the stock in a report on Wednesday, November 29th. Bank of America boosted their price target on Skyworks Solutions from $120.00 to $125.00 in a research note on Tuesday, November 7th. Drexel Hamilton reaffirmed a “buy” rating and set a $128.00 price objective (up from $120.00) on shares of Skyworks Solutions in a report on Tuesday, November 7th. BMO Capital Markets reaffirmed a “hold” rating and set a $100.00 price objective on shares of Skyworks Solutions in a report on Monday, November 6th. Finally, Cowen set a $115.00 target price on Skyworks Solutions and gave the stock a “hold” rating in a report on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $116.09.

Shares of Skyworks Solutions (SWKS) traded down $1.99 during midday trading on Wednesday, hitting $98.70. The company had a trading volume of 1,726,784 shares, compared to its average volume of 2,440,000. The firm has a market cap of $18,110.00, a PE ratio of 18.24, a price-to-earnings-growth ratio of 1.01 and a beta of 0.83. Skyworks Solutions has a twelve month low of $74.67 and a twelve month high of $117.65.

In related news, CEO Liam Griffin sold 12,141 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $110.95, for a total transaction of $1,347,043.95. Following the sale, the chief executive officer now directly owns 49,514 shares in the company, valued at approximately $5,493,578.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Carlos S. Bori sold 3,083 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $98.00, for a total transaction of $302,134.00. Following the sale, the senior vice president now owns 12,455 shares in the company, valued at $1,220,590. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 161,864 shares of company stock worth $17,246,539. 0.49% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Crow Point Partners LLC bought a new stake in Skyworks Solutions during the 4th quarter worth approximately $379,000. Union Bankshares Corp bought a new stake in Skyworks Solutions during the 4th quarter worth approximately $1,912,000. Chesley Taft & Associates LLC increased its holdings in Skyworks Solutions by 4.3% during the 4th quarter. Chesley Taft & Associates LLC now owns 15,990 shares of the semiconductor manufacturer’s stock worth $1,518,000 after acquiring an additional 660 shares during the period. Polianta Ltd increased its holdings in Skyworks Solutions by 8.8% during the 4th quarter. Polianta Ltd now owns 12,300 shares of the semiconductor manufacturer’s stock worth $1,167,000 after acquiring an additional 1,000 shares during the period. Finally, QUANTRES ASSET MANAGEMENT Ltd bought a new stake in Skyworks Solutions during the 4th quarter worth approximately $940,000. 81.55% of the stock is currently owned by institutional investors and hedge funds.

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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.

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