Skyworks Solutions (NASDAQ:SWKS) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Other research analysts also recently issued research reports about the company. Bank of America boosted their price target on Skyworks Solutions from $120.00 to $125.00 in a report on Tuesday, November 7th. Vetr downgraded Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $113.85 price target on the stock. in a report on Monday, August 14th. Craig Hallum restated a “buy” rating on shares of Skyworks Solutions in a report on Wednesday, September 13th. Zacks Investment Research upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a report on Monday, September 11th. Finally, Instinet started coverage on Skyworks Solutions in a report on Wednesday, September 6th. They set a “buy” rating and a $115.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Skyworks Solutions currently has an average rating of “Buy” and a consensus target price of $115.72.

Skyworks Solutions (NASDAQ SWKS) opened at $96.47 on Thursday. Skyworks Solutions has a twelve month low of $73.94 and a twelve month high of $117.65. The stock has a market capitalization of $18,054.30, a PE ratio of 16.32, a P/E/G ratio of 0.97 and a beta of 0.84.

In other Skyworks Solutions news, VP Laura A. Gasparini sold 12,132 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $110.53, for a total transaction of $1,340,949.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Liam Griffin sold 13,858 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $102.18, for a total transaction of $1,416,010.44. The disclosure for this sale can be found here. Insiders sold a total of 135,925 shares of company stock worth $14,829,665 over the last ninety days. 0.49% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in SWKS. Voya Investment Management LLC raised its stake in Skyworks Solutions by 953.8% during the 2nd quarter. Voya Investment Management LLC now owns 1,290,395 shares of the semiconductor manufacturer’s stock valued at $123,813,000 after buying an additional 1,167,942 shares during the last quarter. Old Mutual Global Investors UK Ltd. raised its stake in Skyworks Solutions by 587.3% during the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 1,305,942 shares of the semiconductor manufacturer’s stock valued at $125,305,000 after buying an additional 1,115,938 shares during the last quarter. Koch Industries Inc. raised its stake in Skyworks Solutions by 11,046.5% during the 2nd quarter. Koch Industries Inc. now owns 508,502 shares of the semiconductor manufacturer’s stock valued at $503,000 after buying an additional 503,940 shares during the last quarter. Vanguard Group Inc. raised its stake in Skyworks Solutions by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 18,326,001 shares of the semiconductor manufacturer’s stock valued at $1,758,380,000 after buying an additional 502,995 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Skyworks Solutions by 129.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 543,016 shares of the semiconductor manufacturer’s stock valued at $52,102,000 after buying an additional 306,561 shares during the last quarter. Institutional investors and hedge funds own 81.94% of the company’s stock.

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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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