Skyworks Solutions (SWKS) Stock Rating Lowered by Vetr

Skyworks Solutions (NASDAQ:SWKS) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday. They currently have a $108.40 price objective on the semiconductor manufacturer’s stock. Vetr‘s target price points to a potential upside of 7.57% from the company’s current price.

Other research analysts also recently issued research reports about the company. Citigroup raised Skyworks Solutions from a “sell” rating to a “buy” rating and set a $125.00 price target for the company in a research note on Tuesday, September 5th. Bank of America boosted their price target on Skyworks Solutions from $120.00 to $125.00 in a research note on Tuesday, November 7th. BMO Capital Markets reaffirmed a “hold” rating and issued a $100.00 price target on shares of Skyworks Solutions in a research note on Monday, November 6th. Instinet assumed coverage on Skyworks Solutions in a research note on Wednesday, September 6th. They issued a “buy” rating and a $115.00 price target for the company. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $128.00 price target (up previously from $120.00) on shares of Skyworks Solutions in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. Skyworks Solutions has a consensus rating of “Buy” and a consensus target price of $116.09.

Skyworks Solutions (NASDAQ SWKS) opened at $100.77 on Wednesday. The company has a market capitalization of $18,520.00, a PE ratio of 18.63, a P/E/G ratio of 0.98 and a beta of 0.83. Skyworks Solutions has a 52 week low of $73.94 and a 52 week high of $117.65.

In other Skyworks Solutions news, CEO Liam Griffin sold 12,141 shares of the business’s stock in a transaction that occurred 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 directly owns 49,514 shares of the company’s stock, valued at $5,493,578.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Laura A. Gasparini sold 12,132 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $110.53, for a total value of $1,340,949.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 161,864 shares of company stock worth $17,246,539. Insiders own 0.49% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of SWKS. Financial Engines Advisors L.L.C. acquired a new position in shares of Skyworks Solutions during the third quarter worth approximately $126,000. WFG Advisors LP raised its position in shares of Skyworks Solutions by 14.8% during 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 during the period. Sun Life Financial INC raised its position in shares of Skyworks Solutions by 551.5% during the second quarter. Sun Life Financial INC now owns 1,342 shares of the semiconductor manufacturer’s stock worth $129,000 after purchasing an additional 1,136 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Skyworks Solutions during the second quarter worth approximately $202,000. Finally, Round Table Services LLC acquired a new position in shares of Skyworks Solutions during the third quarter worth approximately $204,000. 81.50% of the stock is currently owned by hedge funds and other institutional investors.

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Skyworks Solutions Company Profile

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.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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