Skyworks Solutions (NASDAQ:SWKS) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Wednesday.

A number of other analysts have also recently issued reports on SWKS. Zacks Investment Research raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research note on Wednesday, July 25th. Cowen reissued a “hold” rating and issued a $105.00 price objective (up from $100.00) on shares of Skyworks Solutions in a research note on Friday, July 20th. B. Riley increased their price objective on shares of Skyworks Solutions from $116.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. BidaskClub cut shares of Skyworks Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, June 13th. Finally, Needham & Company LLC increased their price objective on shares of Skyworks Solutions from $110.00 to $118.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $114.84.

SWKS opened at $87.21 on Wednesday. Skyworks Solutions has a 1-year low of $83.05 and a 1-year high of $117.65. The company has a market capitalization of $15.36 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 0.95 and a beta of 0.57.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Thursday, July 19th. The semiconductor manufacturer reported $1.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.04. The firm had revenue of $894.30 million during the quarter, compared to analysts’ expectations of $889.00 million. Skyworks Solutions had a net margin of 23.78% and a return on equity of 30.31%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.57 earnings per share. sell-side analysts predict that Skyworks Solutions will post 6.61 EPS for the current fiscal year.

In related news, Director David J. Aldrich sold 10,000 shares of the firm’s stock in a transaction on Friday, July 27th. The shares were sold at an average price of $95.92, for a total transaction of $959,200.00. Following the completion of the transaction, the director now directly owns 152,252 shares of the company’s stock, valued at $14,604,011.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David J. Aldrich sold 3,000 shares of the firm’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $88.78, for a total transaction of $266,340.00. Following the transaction, the director now directly 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 have sold 33,000 shares of company stock valued at $3,084,740 over the last ninety days. 0.47% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of SWKS. Signaturefd LLC purchased a new position in shares of Skyworks Solutions in the 1st quarter worth $100,000. Quad Cities Investment Group LLC purchased a new position in shares of Skyworks Solutions in the 2nd quarter worth $102,000. Catalyst Capital Advisors LLC purchased a new position in shares of Skyworks Solutions in the 2nd quarter worth $101,000. Peak Capital Management LLC purchased a new position in shares of Skyworks Solutions in the 2nd quarter worth $136,000. Finally, Centaurus Financial Inc. purchased a new position in shares of Skyworks Solutions in the 2nd quarter worth $147,000. 80.76% of the stock is owned by institutional investors.

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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