Zacks Investment Research Lowers Skyworks Solutions (SWKS) to Sell

Skyworks Solutions (NASDAQ:SWKS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

According to Zacks, “Skyworks is a designer as well as a manufacturer of high performance analog and mixed signal semiconductors. The company operates in a highly competitive market with intense pricing pressures. As its peers gear up to capitalize on the increasing demand for smartphones, we expect pricing pressure to intensify leading to a decline in margin. Additionally, heavy investments in research & development are escalating operating expenses, which will continue to Impact company’s bottom line. However, the company is expected to benefit from strong demand for Wi-Fi, Zigbee and LTE solutions. The demand for highly-integrated solutions is increasing as customers implement the next level of functionality for higher bandwidth. We believe Skyworks’ expanding product portfolio has the potential to address this rapidly growing need. Notably, shares of the company have outperformed the industry over the last one year.”

Other equities analysts have also issued reports about the company. Bank of America upped their target price on Skyworks Solutions from $120.00 to $125.00 in a research report on Tuesday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 target price on shares of Skyworks Solutions in a research report on Sunday, September 17th. Craig Hallum reiterated a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, September 13th. Mizuho reiterated a “buy” rating and issued a $120.00 price target on shares of Skyworks Solutions in a report on Monday, October 9th. Finally, Instinet reiterated a “buy” rating and issued a $115.00 price target on shares of Skyworks Solutions in a report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $116.09.

Shares of Skyworks Solutions (NASDAQ:SWKS) traded down $0.57 on Wednesday, hitting $100.68. The company’s stock had a trading volume of 1,694,400 shares, compared to its average volume of 1,979,533. Skyworks Solutions has a one year low of $74.67 and a one year high of $117.65. The firm has a market cap of $18,140.00, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 1.01 and a beta of 0.83.

In related news, VP Laura A. Gasparini sold 12,132 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $110.53, for a total transaction of $1,340,949.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Liam Griffin sold 12,141 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $110.95, for a total value of $1,347,043.95. Following the transaction, the chief executive officer now owns 49,514 shares of the company’s stock, valued at $5,493,578.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 161,864 shares of company stock valued at $17,246,539. 0.49% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Krilogy Financial LLC grew its stake in shares of Skyworks Solutions by 1.9% in the second quarter. Krilogy Financial LLC now owns 2,726 shares of the semiconductor manufacturer’s stock worth $262,000 after purchasing an additional 50 shares in the last quarter. Stephens Inc. AR grew its stake in shares of Skyworks Solutions by 2.9% in the second quarter. Stephens Inc. AR now owns 3,456 shares of the semiconductor manufacturer’s stock worth $332,000 after purchasing an additional 98 shares in the last quarter. Zacks Investment Management grew its stake in shares of Skyworks Solutions by 1.3% in the second quarter. Zacks Investment Management now owns 9,377 shares of the semiconductor manufacturer’s stock worth $900,000 after purchasing an additional 121 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Skyworks Solutions by 2.5% in the second quarter. Thrivent Financial For Lutherans now owns 6,960 shares of the semiconductor manufacturer’s stock worth $668,000 after purchasing an additional 170 shares in the last quarter. Finally, WFG Advisors LP grew its stake in shares of Skyworks Solutions by 14.8% in the second 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. 81.55% of the stock is owned by institutional investors.

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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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