Skyworks Solutions (NASDAQ:SWKS) Now a Sell? Raymond James Has Downgraded The Stock

May 18, 2018 - By Vivian Currie

Skyworks Solutions, Inc. (NASDAQ:SWKS) Logo

Investors sentiment decreased to 0.99 in Q4 2017. Its down 0.10, from 1.09 in 2017Q3. It turned negative, as 55 investors sold Skyworks Solutions, Inc. shares while 222 reduced holdings. 65 funds opened positions while 208 raised stakes. 142.96 million shares or 2.36% less from 146.42 million shares in 2017Q3 were reported.

Fin Advisers Ltd Liability Corp holds 9,296 shares. Inv Counsel reported 1.78% of its portfolio in Skyworks Solutions, Inc. (NASDAQ:SWKS). Mariner Wealth Advsr Limited Liability Com holds 0.02% or 5,802 shares. Hartford Invest Management, Connecticut-based fund reported 39,748 shares. Aperio Grp Limited Liability stated it has 0.03% in Skyworks Solutions, Inc. (NASDAQ:SWKS). 16,435 are owned by Commonwealth Of Pennsylvania School Empls Retrmt. Calamos Advsr Ltd Limited Liability Company stated it has 24,136 shares. Lincoln National has invested 0.02% of its portfolio in Skyworks Solutions, Inc. (NASDAQ:SWKS). Benjamin F Edwards & Incorporated reported 150 shares. Regions Finance, Alabama-based fund reported 1,233 shares. Cibc Markets accumulated 3,917 shares or 0% of the stock. Fuller Thaler Asset Mngmt invested 0% of its portfolio in Skyworks Solutions, Inc. (NASDAQ:SWKS). The Colorado-based Pub Employees Retirement Association Of Colorado has invested 0.02% in Skyworks Solutions, Inc. (NASDAQ:SWKS). Plante Moran Financial Ltd Co holds 67 shares or 0% of its portfolio. Atlantic Tru Group Llc owns 179,664 shares.

Since December 13, 2017, it had 0 insider buys, and 9 selling transactions for $13.68 million activity. Another trade for 15,059 shares valued at $1.43 million was made by GRIFFIN LIAM on Thursday, December 14. 35,000 Skyworks Solutions, Inc. (NASDAQ:SWKS) shares with value of $3.96M were sold by ALDRICH DAVID J. $234,506 worth of stock was sold by KING CHRISTINE on Wednesday, May 9.

Skyworks Solutions (NASDAQ:SWKS) Receives a Downgrade

Skyworks Solutions (NASDAQ:SWKS) shares were decreased by Raymond James to a “Hold” rating in a research note revealed to clients and investors on Friday morning.

Skyworks Solutions, Inc. (NASDAQ:SWKS) Ratings Coverage

Among 15 analysts covering Skyworks Solutions (NASDAQ:SWKS), 10 have Buy rating, 1 Sell and 4 Hold. Therefore 67% are positive. Skyworks Solutions has $128.0 highest and $85.0 lowest target. $112.92’s average target is 14.36% above currents $98.74 stock price. Skyworks Solutions had 22 analyst reports since December 13, 2017 according to SRatingsIntel. The stock of Skyworks Solutions, Inc. (NASDAQ:SWKS) earned “Neutral” rating by Mizuho on Tuesday, April 24. As per Friday, May 4, the company rating was maintained by Craig Hallum. The stock has “Outperform” rating by BMO Capital Markets on Tuesday, February 6. Robert W. Baird initiated it with “Buy” rating and $12500 target in Wednesday, May 2 report. The firm earned “Underweight” rating on Wednesday, December 13 by Morgan Stanley. Mizuho maintained it with “Buy” rating and $125.0 target in Monday, February 5 report. The company was maintained on Monday, April 23 by Cowen & Co. The rating was maintained by B. Riley & Co on Tuesday, February 6 with “Buy”. Cowen & Co maintained the shares of SWKS in report on Wednesday, December 13 with “Hold” rating. On Friday, May 4 the stock rating was maintained by Drexel Hamilton with “Buy”.

The stock decreased 0.97% or $0.97 during the last trading session, reaching $98.74. About 296,583 shares traded. Skyworks Solutions, Inc. (NASDAQ:SWKS) has risen 4.46% since May 18, 2017 and is uptrending. It has underperformed by 7.09% the S&P500.

Analysts await Skyworks Solutions, Inc. (NASDAQ:SWKS) to report earnings on July, 19. They expect $1.44 EPS, down 1.37 % or $0.02 from last year’s $1.46 per share. SWKS’s profit will be $262.19M for 17.14 P/E if the $1.44 EPS becomes a reality. After $1.50 actual EPS reported by Skyworks Solutions, Inc. for the previous quarter, Wall Street now forecasts -4.00 % negative EPS growth.

Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, makes, and markets proprietary semiconductor products, including intellectual property worldwide. The company has market cap of $17.98 billion. The Company’s 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. It has a 22.37 P/E ratio. The firm provides its products for automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet, and wearable applications.

More notable recent Skyworks Solutions, Inc. (NASDAQ:SWKS) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 18, 2018” on May 18, 2018, also Fool.com with their article: “Is Skyworks Solutions Stock a Buy?” published on April 30, 2018, Benzinga.com published: “3 Stocks To Play The Trends In iPhone, Samsung Galaxy Inventories” on May 16, 2018. More interesting news about Skyworks Solutions, Inc. (NASDAQ:SWKS) were released by: Fool.com and their article: “Skyworks Solutions Exceeds Guidance but Predicts a Challenging Quarter Ahead” published on May 07, 2018 as well as Benzinga.com‘s news article titled: “Analyst: 5 Headwinds Facing Skyworks Solutions” with publication date: April 23, 2018.

Skyworks Solutions, Inc. (NASDAQ:SWKS) Institutional Positions Chart

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