Skyworks Solutions (NASDAQ:SWKS) was downgraded by analysts at Citigroup from a “buy” rating to a “neutral” rating in a report released on Monday, MarketBeat reports.

Several other equities research analysts have also recently issued reports on SWKS. Summit Redstone cut Skyworks Solutions to a “hold” rating in a report on Friday, November 9th. Zacks Investment Research upgraded Skyworks Solutions from a “hold” rating to a “buy” rating and set a $108.00 price objective on the stock in a report on Wednesday, July 25th. Summit Insights cut Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, November 9th. Cowen reiterated a “hold” rating and issued a $105.00 price objective (up from $100.00) on shares of Skyworks Solutions in a report on Friday, July 20th. Finally, Charter Equity restated a “market perform” rating on shares of Skyworks Solutions in a report on Friday, November 9th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have given a buy rating to the stock. Skyworks Solutions presently has an average rating of “Hold” and a consensus price target of $107.36.

SWKS stock opened at $72.08 on Monday. Skyworks Solutions has a 12-month low of $71.63 and a 12-month high of $115.98. The stock has a market capitalization of $13.72 billion, a P/E ratio of 10.87, a PEG ratio of 0.76 and a beta of 0.64.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Thursday, November 8th. The semiconductor manufacturer reported $1.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.02. Skyworks Solutions had a return on equity of 30.59% and a net margin of 23.74%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the firm posted $1.82 EPS. Skyworks Solutions’s revenue was up 2.3% compared to the same quarter last year. Equities research analysts anticipate that Skyworks Solutions will post 7.34 earnings per share for the current year.

In other news, Director David J. Aldrich sold 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $92.89, for a total transaction of $928,900.00. Following the sale, the director now owns 152,252 shares of the company’s stock, valued at approximately $14,142,688.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David J. Aldrich sold 3,000 shares of Skyworks Solutions stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $88.78, for a total transaction of $266,340.00. Following the sale, the director now directly owns 145,252 shares in the company, valued at approximately $12,895,472.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,500 shares of company stock worth $3,126,050. Corporate insiders own 0.47% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in SWKS. LSV Asset Management raised its position in shares of Skyworks Solutions by 3,665.0% during the 3rd quarter. LSV Asset Management now owns 1,852,400 shares of the semiconductor manufacturer’s stock valued at $168,031,000 after buying an additional 1,803,200 shares during the period. Vulcan Value Partners LLC raised its position in shares of Skyworks Solutions by 21.8% during the 2nd quarter. Vulcan Value Partners LLC now owns 6,581,779 shares of the semiconductor manufacturer’s stock valued at $636,129,000 after buying an additional 1,179,670 shares during the period. First Trust Advisors LP raised its position in shares of Skyworks Solutions by 31.1% during the 3rd quarter. First Trust Advisors LP now owns 1,391,837 shares of the semiconductor manufacturer’s stock valued at $126,254,000 after buying an additional 330,404 shares during the period. Eaton Vance Management raised its position in shares of Skyworks Solutions by 1,024.3% during the 3rd quarter. Eaton Vance Management now owns 327,857 shares of the semiconductor manufacturer’s stock valued at $29,740,000 after buying an additional 298,695 shares during the period. Finally, Ardevora Asset Management LLP raised its position in shares of Skyworks Solutions by 394.7% during the 2nd quarter. Ardevora Asset Management LLP now owns 349,732 shares of the semiconductor manufacturer’s stock valued at $33,802,000 after buying an additional 279,032 shares during the period. 81.82% of the stock is currently owned by hedge funds and other institutional investors.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, 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 shifters, phase locked loops, 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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