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

Several other research firms also recently weighed in on SWKS. Craig Hallum reissued a “buy” rating and set a $120.00 target price (up previously from $115.00) on shares of Skyworks Solutions in a research report on Friday, July 20th. BidaskClub cut Skyworks Solutions from a “sell” rating to a “strong sell” rating in a report on Friday, August 17th. Morgan Stanley dropped their price objective on Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating for the company in a report on Monday, August 6th. Benchmark began coverage on Skyworks Solutions in a report on Friday, June 15th. They set a “buy” rating and a $114.00 price objective for the company. Finally, Loop Capital began coverage on Skyworks Solutions in a report on Thursday, June 21st. They set a “buy” rating and a $130.00 price objective for the company. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $114.84.

NASDAQ SWKS opened at $92.17 on Friday. The company has a market cap of $16.40 billion, a PE ratio of 15.41, a P/E/G ratio of 1.01 and a beta of 0.57. Skyworks Solutions has a fifty-two week low of $83.05 and a fifty-two week high of $117.65.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, July 19th. The semiconductor manufacturer reported $1.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.04. The firm had revenue of $894.30 million for the quarter, compared to the consensus estimate of $889.00 million. Skyworks Solutions had a return on equity of 30.31% and a net margin of 23.78%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 EPS. analysts forecast that Skyworks Solutions will post 6.61 earnings per share for the current year.

In related news, Director David J. Aldrich sold 10,000 shares of the company’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $95.92, for a total transaction of $959,200.00. Following the completion of the sale, the director now directly owns 152,252 shares in the company, valued at approximately $14,604,011.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David J. Aldrich sold 3,000 shares of the company’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $88.78, for a total value of $266,340.00. Following the sale, the director now owns 145,252 shares of the company’s stock, valued at $12,895,472.56. The disclosure for this sale can be found here. Insiders sold a total of 43,000 shares of company stock valued at $3,997,740 over the last quarter. Company insiders own 0.47% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of SWKS. Neuberger Berman Group LLC lifted its stake in shares of Skyworks Solutions by 21.1% during the 1st quarter. Neuberger Berman Group LLC now owns 266,014 shares of the semiconductor manufacturer’s stock worth $26,671,000 after purchasing an additional 46,428 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Skyworks Solutions by 125.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 28,181 shares of the semiconductor manufacturer’s stock worth $2,825,000 after purchasing an additional 15,677 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Skyworks Solutions by 0.3% during the 1st quarter. Northern Trust Corp now owns 2,311,647 shares of the semiconductor manufacturer’s stock worth $231,766,000 after purchasing an additional 6,158 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Skyworks Solutions by 0.7% during the 1st quarter. BlackRock Inc. now owns 13,301,161 shares of the semiconductor manufacturer’s stock worth $1,333,577,000 after purchasing an additional 94,801 shares during the last quarter. Finally, Federated Investors Inc. PA lifted its stake in shares of Skyworks Solutions by 228.0% during the 1st quarter. Federated Investors Inc. PA now owns 226,681 shares of the semiconductor manufacturer’s stock worth $22,727,000 after purchasing an additional 157,574 shares during the last quarter. Hedge funds and other institutional investors own 80.73% of the company’s stock.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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