Skyworks Solutions, Inc. (SWKS) Downgraded by Vetr Inc. to Hold

Vetr cut shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) from a buy rating to a hold rating in a research report sent to investors on Monday. They currently have $114.92 price target on the semiconductor manufacturer’s stock.

A number of other analysts have also commented on the company. Barclays PLC raised their price target on Skyworks Solutions from $110.00 to $120.00 and gave the stock an overweight rating in a research note on Wednesday, October 18th. Cowen and Company raised their price target on Skyworks Solutions from $110.00 to $115.00 and gave the stock a market perform rating in a research note on Tuesday, October 10th. Mizuho reaffirmed a buy rating and issued a $120.00 price target on shares of Skyworks Solutions in a research note on Monday, October 9th. Instinet reaffirmed a buy rating and issued a $115.00 price target on shares of Skyworks Solutions in a research note on Tuesday, September 26th. Finally, Craig Hallum reaffirmed a buy rating on shares of Skyworks Solutions in a research note on Thursday, September 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $112.50.

Skyworks Solutions (SWKS) traded up 1.73% on Monday, hitting $113.94. 1,817,696 shares of the company were exchanged. Skyworks Solutions has a 52 week low of $71.65 and a 52 week high of $114.80. The company has a market capitalization of $20.94 billion, a price-to-earnings ratio of 21.87 and a beta of 0.89. The stock has a 50 day moving average of $104.96 and a 200 day moving average of $103.75.

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In other Skyworks Solutions news, insider Liam Griffin sold 13,858 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $102.18, for a total transaction of $1,416,010.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christine King sold 3,705 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total value of $395,768.10. Following the sale, the director now owns 16,641 shares of the company’s stock, valued at $1,777,591.62. The disclosure for this sale can be found here. Insiders sold a total of 20,173 shares of company stock valued at $2,072,726 over the last quarter. 0.49% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. grew its stake in shares of Skyworks Solutions by 134.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 28,755 shares of the semiconductor manufacturer’s stock valued at $2,759,000 after purchasing an additional 16,467 shares during the period. Chicago Equity Partners LLC grew its stake in shares of Skyworks Solutions by 337.8% during the 2nd quarter. Chicago Equity Partners LLC now owns 37,020 shares of the semiconductor manufacturer’s stock valued at $3,552,000 after purchasing an additional 28,565 shares during the period. Atlantic Trust Group LLC grew its stake in shares of Skyworks Solutions by 5.2% during the 2nd quarter. Atlantic Trust Group LLC now owns 177,509 shares of the semiconductor manufacturer’s stock valued at $17,033,000 after purchasing an additional 8,793 shares during the period. BT Investment Management Ltd bought a new stake in shares of Skyworks Solutions during the 2nd quarter valued at about $8,282,000. Finally, Sit Investment Associates Inc. grew its stake in shares of Skyworks Solutions by 1.6% during the 2nd quarter. Sit Investment Associates Inc. now owns 278,730 shares of the semiconductor manufacturer’s stock valued at $26,744,000 after purchasing an additional 4,375 shares during the period. Institutional investors and hedge funds own 80.94% of the company’s stock.

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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