TheStreet Downgrades Skyworks Solutions (NASDAQ:SWKS) to C+

Skyworks Solutions (NASDAQ:SWKS – Get Rating) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a note issued to investors on Tuesday, TheStreetRatingsTable reports.

SWKS has been the subject of a number of other reports. Craig Hallum reduced their price objective on shares of Skyworks Solutions from $220.00 to $180.00 in a research note on Wednesday, May 4th. UBS Group reduced their price target on shares of Skyworks Solutions from $145.00 to $133.00 in a research report on Wednesday, May 4th. B. Riley reduced their price target on shares of Skyworks Solutions from $125.00 to $110.00 and set a “neutral” rating for the company in a research report on Wednesday, June 15th. KeyCorp reduced their price target on shares of Skyworks Solutions from $225.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, April 12th. Finally, Wells Fargo & Company reduced their price target on shares of Skyworks Solutions from $195.00 to $160.00 in a research report on Wednesday, May 4th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and a consensus price target of $172.64.

Skyworks Solutions stock opened at $92.34 on Tuesday. Skyworks Solutions has a 1-year low of $88.76 and a 1-year high of $197.62. The firm has a market capitalization of $14.86 billion, a price-to-earnings ratio of 11.22, a P/E/G ratio of 0.74 and a beta of 1.13. The company has a current ratio of 3.98, a quick ratio of 2.65 and a debt-to-equity ratio of 0.42. The firm has a 50 day simple moving average of $106.26 and a 200 day simple moving average of $129.72.

Skyworks Solutions (NASDAQ:SWKS – Get Rating) last released its quarterly earnings data on Tuesday, May 3rd. The semiconductor manufacturer reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.06. Skyworks Solutions had a net margin of 25.98% and a return on equity of 30.60%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the business earned $2.03 EPS. Skyworks Solutions’s revenue was up 14.0% compared to the same quarter last year. On average, equities research analysts forecast that Skyworks Solutions will post 9.82 EPS for the current year.

In other Skyworks Solutions news, CEO Liam Griffin sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $140.00, for a total value of $1,400,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.31% of the company’s stock.

A number of institutional investors have recently bought and sold shares of SWKS. Pittenger & Anderson Inc. lifted its stake in Skyworks Solutions by 1,750.0% in the first quarter. Pittenger & Anderson Inc. now owns 185 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 175 shares during the last quarter. Financial Management Professionals Inc. raised its stake in shares of Skyworks Solutions by 1,845.5% during the first quarter. Financial Management Professionals Inc. now owns 214 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 203 shares during the last quarter. Lindbrook Capital LLC raised its stake in shares of Skyworks Solutions by 108.7% during the fourth quarter. Lindbrook Capital LLC now owns 192 shares of the semiconductor manufacturer’s stock valued at $30,000 after acquiring an additional 100 shares during the last quarter. Bank of New Hampshire bought a new position in shares of Skyworks Solutions during the first quarter valued at about $30,000. Finally, Holloway Wealth Management LLC raised its stake in shares of Skyworks Solutions by 119.0% during the first quarter. Holloway Wealth Management LLC now owns 230 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 125 shares during the last quarter. 72.09% of the stock is owned by institutional investors and hedge funds.

About Skyworks Solutions (Get Rating)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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