Skyworks Solutions (SWKS) Rating Increased to Sell at ValuEngine

Skyworks Solutions (NASDAQ:SWKS) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.

Several other brokerages have also recently weighed in on SWKS. Barclays lowered their price objective on shares of Skyworks Solutions from $120.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 23rd. Morgan Stanley lowered their price objective on shares of Skyworks Solutions from $80.00 to $79.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 3rd. Craig Hallum lowered their price objective on shares of Skyworks Solutions from $120.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, November 9th. BidaskClub upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. Finally, Bank of America cut shares of Skyworks Solutions from a “neutral” rating to an “underperform” rating in a research note on Monday, November 26th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $103.38.

SWKS opened at $67.57 on Thursday. The stock has a market cap of $12.56 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of 0.87 and a beta of 0.60. Skyworks Solutions has a 52-week low of $67.38 and a 52-week high of $115.98.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Thursday, November 8th. The semiconductor manufacturer reported $1.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.02. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. Skyworks Solutions had a net margin of 23.74% and a return on equity of 30.59%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.82 EPS. On average, equities research analysts forecast that Skyworks Solutions will post 6.74 earnings per share for the current fiscal year.

In other Skyworks Solutions news, Director David J. Aldrich sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $86.25, for a total transaction of $258,750.00. Following the sale, the director now owns 144,251 shares in the company, valued at approximately $12,441,648.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David J. Aldrich sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $91.30, for a total transaction of $913,000.00. Following the sale, the director now owns 152,252 shares in the company, valued at approximately $13,900,607.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,500 shares of company stock worth $1,930,810. 0.47% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC bought a new stake in Skyworks Solutions during the 2nd quarter worth approximately $101,000. Quad Cities Investment Group LLC purchased a new stake in Skyworks Solutions during the 2nd quarter valued at approximately $102,000. NEXT Financial Group Inc purchased a new stake in Skyworks Solutions during the 3rd quarter valued at approximately $108,000. Polaris Greystone Financial Group LLC grew its holdings in 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 valued at $134,000 after buying an additional 1,444 shares in the last quarter. Finally, Peak Capital Management LLC purchased a new stake in Skyworks Solutions during the 2nd quarter valued at approximately $136,000. Institutional investors own 80.68% of the company’s stock.

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.

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Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

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