Skyworks Solutions, Inc. (NASDAQ:SWKS)‘s stock had its “sell” rating reissued by equities researchers at Citigroup Inc. in a research note issued to investors on Monday. They presently have a $90.00 price objective on the semiconductor manufacturer’s stock, up from their previous price objective of $84.00. Citigroup Inc.’s price objective points to a potential downside of 14.98% from the company’s current price.

SWKS has been the topic of several other research reports. Vetr cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $101.62 target price on the stock. in a report on Monday, April 3rd. ValuEngine cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. Craig Hallum lifted their price target on shares of Skyworks Solutions from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, April 4th. Canaccord Genuity lifted their price target on shares of Skyworks Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a report on Friday, April 28th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $100.00 price target on shares of Skyworks Solutions in a report on Friday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $107.86.

Skyworks Solutions (SWKS) traded down 1.50% during midday trading on Monday, hitting $105.86. 3,085,820 shares of the stock were exchanged. The company’s 50 day moving average is $102.89 and its 200-day moving average is $97.40. Skyworks Solutions has a 1-year low of $62.40 and a 1-year high of $112.11. The stock has a market cap of $19.50 billion, a PE ratio of 20.32 and a beta of 0.81.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.05. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The firm had revenue of $900.80 million for the quarter, compared to analysts’ expectations of $890.58 million. During the same quarter last year, the business earned $1.24 earnings per share. The business’s revenue was up 19.8% on a year-over-year basis. On average, analysts expect that Skyworks Solutions will post $6.38 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Skyworks Solutions’ (SWKS) “Sell” Rating Reaffirmed at Citigroup Inc.” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/07/24/skyworks-solutions-swks-sell-rating-reaffirmed-at-citigroup-inc.html.

In other Skyworks Solutions news, insider Liam Griffin sold 21,000 shares of the business’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $100.25, for a total transaction of $2,105,250.00. Following the completion of the sale, the insider now directly owns 74,782 shares in the company, valued at approximately $7,496,895.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Robert John Terry sold 3,233 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $100.26, for a total value of $324,140.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,458 shares of company stock valued at $9,512,091. Corporate insiders own 0.49% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in SWKS. Invictus RG bought a new position in shares of Skyworks Solutions during the first quarter worth about $101,000. Winslow Evans & Crocker Inc. increased its position in shares of Skyworks Solutions by 5.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the semiconductor manufacturer’s stock worth $103,000 after buying an additional 50 shares during the period. Tompkins Financial Corp bought a new position in shares of Skyworks Solutions during the first quarter worth about $107,000. WFG Advisors LP increased its position in shares of Skyworks Solutions by 18.6% in the first quarter. WFG Advisors LP now owns 1,155 shares of the semiconductor manufacturer’s stock worth $113,000 after buying an additional 181 shares during the period. Finally, TrimTabs Asset Management LLC increased its position in shares of Skyworks Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,410 shares of the semiconductor manufacturer’s stock worth $138,000 after buying an additional 664 shares during the period. Institutional investors own 81.24% 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.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

Receive News & Stock Ratings for Skyworks Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions Inc. and related stocks with our FREE daily email newsletter.