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Skyworks Solutions (NASDAQ:SWKS) has been downgraded from a “buy” rating to a “hold” rating by equities research analysts at StockNews.com. Other analysts have also issued reports on SWKS, with a consensus rating of “Hold” and an average price target of $116.00. Shares of SWKS stock traded up $0.66 on Monday, reaching $112.84. The company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85. The stock currently has a “Moderate Buy” rating among analysts.

In other news, corporate insiders have sold a total of 28,277 shares of company stock valued at $2,620,426 in the last quarter. Additionally, a number of hedge funds have modified their holdings of SWKS, with 81.39% of the stock being owned by institutional investors. Skyworks Solutions, Inc. designs, develops, manufactures, and markets proprietary semiconductor products in various regions. The company’s product portfolio includes various semiconductor products such as amplifiers, digital radios, and voltage regulators. While Skyworks Solutions currently has a “Moderate Buy” rating among analysts, top-rated analysts believe that there are better investment options available.



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