Skyworks Solutions (NASDAQ:SWKS) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.

Other equities research analysts have also issued research reports about the company. Canaccord Genuity dropped their price target on Skyworks Solutions from $115.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, November 9th. Loop Capital dropped their price target on Skyworks Solutions to $102.00 and set a “buy” rating on the stock in a research note on Friday, November 9th. Needham & Company LLC dropped their target price on Skyworks Solutions to $99.00 and set a “buy” rating on the stock in a research report on Friday, November 9th. Craig Hallum dropped their target price on Skyworks Solutions from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, November 9th. Finally, DA Davidson dropped their target price on Skyworks Solutions to $115.00 and set a “buy” rating on the stock in a research report on Monday, November 12th. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $99.77.

Shares of Skyworks Solutions stock opened at $63.63 on Friday. The stock has a market capitalization of $11.90 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 0.82 and a beta of 0.65. Skyworks Solutions has a one year low of $60.12 and a one year high of $115.98.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, November 8th. The semiconductor manufacturer reported $1.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.02. Skyworks Solutions had a return on equity of 30.59% and a net margin of 23.74%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the firm earned $1.82 earnings per share. The company’s revenue was up 2.3% on a year-over-year basis. On average, equities analysts predict that Skyworks Solutions will post 6.74 EPS for the current fiscal year.

In other Skyworks Solutions news, Director David J. Aldrich sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, October 19th. The stock was sold at an average price of $87.14, for a total value of $261,420.00. Following the completion of the transaction, the director now directly owns 145,252 shares of the company’s stock, valued at $12,657,259.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.47% of the company’s stock.

Large investors have recently made changes to their positions in the business. NEXT Financial Group Inc acquired a new position in shares of Skyworks Solutions during the 3rd quarter worth approximately $108,000. Polaris Greystone Financial Group LLC raised its stake in shares of Skyworks Solutions by 4,813.3% during the 3rd quarter. Polaris Greystone Financial Group LLC now owns 1,474 shares of the semiconductor manufacturer’s stock worth $134,000 after buying an additional 1,444 shares during the period. Centaurus Financial Inc. acquired a new position in shares of Skyworks Solutions during the 2nd quarter worth approximately $147,000. NN Investment Partners Holdings N.V. acquired a new position in shares of Skyworks Solutions during the 3rd quarter worth approximately $159,000. Finally, Catalyst Capital Advisors LLC raised its stake in shares of Skyworks Solutions by 100.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 2,100 shares of the semiconductor manufacturer’s stock worth $190,000 after buying an additional 1,050 shares during the period. 80.54% 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, antenna tuners, 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 locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

Featured Story: What is dollar cost averaging (DCA)?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.