BidaskClub Downgrades Skyworks Solutions (SWKS) to Sell

BidaskClub downgraded shares of Skyworks Solutions (NASDAQ:SWKS) from a hold rating to a sell rating in a report published on Friday.

A number of other research firms have also recently issued reports on SWKS. Cowen reiterated a hold rating and issued a $105.00 target price (up previously from $100.00) on shares of Skyworks Solutions in a research report on Friday, July 20th. DA Davidson decreased their target price on Skyworks Solutions to $125.00 and set a buy rating on the stock in a research report on Friday, July 20th. B. Riley lifted their target price on Skyworks Solutions from $116.00 to $125.00 and gave the company a buy rating in a research report on Friday, July 20th. Canaccord Genuity reiterated a buy rating and issued a $115.00 target price on shares of Skyworks Solutions in a research report on Friday, July 20th. Finally, Morgan Stanley decreased their target price on Skyworks Solutions from $87.00 to $80.00 and set an underweight rating on the stock in a research report on Monday, August 6th. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the stock. Skyworks Solutions has an average rating of Hold and an average target price of $114.10.

Shares of NASDAQ SWKS opened at $81.85 on Friday. Skyworks Solutions has a 52 week low of $79.27 and a 52 week high of $117.65. The firm has a market capitalization of $14.51 billion, a P/E ratio of 13.69, a P/E/G ratio of 0.80 and a beta of 0.60.

In related news, Director David J. Aldrich sold 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $92.89, for a total value of $928,900.00. Following the transaction, the director now directly owns 152,252 shares of the company’s stock, valued at $14,142,688.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David J. Aldrich sold 3,000 shares of Skyworks Solutions stock in a transaction that occurred on Friday, October 19th. The stock was sold at an average price of $87.14, for a total value of $261,420.00. Following the completion of the transaction, the director now directly owns 145,252 shares in the company, valued at $12,657,259.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,500 shares of company stock worth $3,797,600. 0.47% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC acquired a new position in shares of Skyworks Solutions in the second quarter worth approximately $101,000. Quad Cities Investment Group LLC acquired a new position in shares of Skyworks Solutions in the second quarter worth approximately $102,000. NEXT Financial Group Inc acquired a new position in shares of Skyworks Solutions in the third quarter worth approximately $108,000. Polaris Greystone Financial Group LLC lifted its stake in Skyworks Solutions by 4,813.3% in the third 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 during the period. Finally, Peak Capital Management LLC acquired a new position in Skyworks Solutions in the second quarter valued at approximately $136,000. 80.49% of the stock is currently owned by institutional investors.

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, 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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