Skyworks Solutions Inc. (NASDAQ:SWKS) was downgraded by research analysts at Vetr from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday. They presently have a $76.75 price target on the semiconductor manufacturer’s stock. Vetr‘s price target indicates a potential downside of 3.30% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Charter Equity raised Skyworks Solutions from a “market perform” rating to a “buy” rating in a research report on Tuesday, October 4th. Canaccord Genuity reissued a “buy” rating and issued a $92.00 price target on shares of Skyworks Solutions in a research report on Friday, September 23rd. Brean Capital reissued a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, September 21st. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $100.00 price target on shares of Skyworks Solutions in a research report on Friday, September 16th. Finally, Pacific Crest reissued an “equal weight” rating on shares of Skyworks Solutions in a research report on Thursday, September 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $82.91.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

Shares of Skyworks Solutions (NASDAQ:SWKS) opened at 79.37 on Monday. Skyworks Solutions has a 12-month low of $54.50 and a 12-month high of $88.52. The firm has a market cap of $14.88 billion, a P/E ratio of 15.72 and a beta of 1.06. The stock’s 50 day moving average price is $74.30 and its 200-day moving average price is $69.57.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, July 21st. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.03. Skyworks Solutions had a return on equity of 29.31% and a net margin of 29.32%. The company had revenue of $751.70 million for the quarter, compared to analyst estimates of $750.22 million. On average, analysts predict that Skyworks Solutions will post $5.53 earnings per share for the current fiscal year.

In related news, Director Timothy R. Furey sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $74.87, for a total transaction of $374,350.00. Following the transaction, the director now directly owns 34,947 shares of the company’s stock, valued at approximately $2,616,481.89. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Mark V. B. Tremallo sold 17,100 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $76.40, for a total value of $1,306,440.00. Following the transaction, the vice president now directly owns 14,998 shares in the company, valued at $1,145,847.20. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. boosted its position in shares of Skyworks Solutions by 260.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,800 shares of the semiconductor manufacturer’s stock worth $114,000 after buying an additional 1,300 shares in the last quarter. Bellwether Investment Group LLC bought a new position in shares of Skyworks Solutions during the second quarter worth approximately $125,000. Synovus Financial Corp boosted its position in shares of Skyworks Solutions by 16.0% in the second quarter. Synovus Financial Corp now owns 2,282 shares of the semiconductor manufacturer’s stock worth $143,000 after buying an additional 315 shares during the period. Checchi Capital Advisers LLC boosted its position in shares of Skyworks Solutions by 39.7% in the second quarter. Checchi Capital Advisers LLC now owns 2,369 shares of the semiconductor manufacturer’s stock worth $150,000 after buying an additional 673 shares during the period. Finally, Mizuho Asset Management Co. Ltd. boosted its position in shares of Skyworks Solutions by 101.5% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,585 shares of the semiconductor manufacturer’s stock worth $164,000 after buying an additional 1,302 shares during the period. 76.66% of the stock is currently owned by institutional investors.

About Skyworks Solutions

Skyworks Solutions Inc is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.

5 Day Chart for NASDAQ:SWKS

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