BidaskClub Lowers Skyworks Solutions (SWKS) to Hold

Skyworks Solutions (NASDAQ:SWKS) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday, December 7th.

Several other research analysts also recently commented on SWKS. B. Riley reissued a “buy” rating and issued a $131.00 price target on shares of Skyworks Solutions in a report on Tuesday, November 7th. Zacks Investment Research raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a report on Monday, August 28th. Vetr raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $114.47 price target for the company in a report on Tuesday, August 29th. Barclays raised their price objective on shares of Skyworks Solutions from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Finally, Craig Hallum restated a “buy” rating on shares of Skyworks Solutions in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $116.51.

Skyworks Solutions (NASDAQ SWKS) traded up $3.48 on Thursday, reaching $98.43. 2,488,212 shares of the company traded hands, compared to its average volume of 2,300,000. The company has a market cap of $18,090.00, a P/E ratio of 18.19, a PEG ratio of 0.94 and a beta of 0.84. Skyworks Solutions has a 52 week low of $73.94 and a 52 week high of $117.65.

In related news, insider Liam Griffin sold 15,059 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $95.09, for a total value of $1,431,960.31. Following the transaction, the insider now owns 62,359 shares of the company’s stock, valued at approximately $5,929,717.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Laura A. Gasparini sold 12,132 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $110.53, for a total transaction of $1,340,949.96. The disclosure for this sale can be found here. Insiders have sold 161,864 shares of company stock valued at $17,246,539 in the last quarter. 0.49% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Engines Advisors L.L.C. acquired a new stake in Skyworks Solutions in the 3rd quarter worth approximately $126,000. WFG Advisors LP boosted its stake in Skyworks Solutions by 14.8% in the 2nd quarter. WFG Advisors LP now owns 1,326 shares of the semiconductor manufacturer’s stock worth $127,000 after purchasing an additional 171 shares in the last quarter. Sun Life Financial INC raised its position in Skyworks Solutions by 551.5% during the 2nd quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock worth $129,000 after buying an additional 1,136 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Skyworks Solutions during the 2nd quarter worth approximately $202,000. Finally, Round Table Services LLC purchased a new position in Skyworks Solutions during the 3rd quarter worth approximately $204,000. 81.50% 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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