Will Today’s Raymond James Downgrade Harm Skyworks Solutions (NASDAQ:SWKS) Stock?

May 18, 2018 - By Sophie Menendez

Skyworks Solutions, Inc. (NASDAQ:SWKS) Logo

Investors sentiment decreased to 0.99 in 2017 Q4. Its down 0.10, from 1.09 in 2017Q3. It fall, 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.

Mariner Wealth Advsr holds 5,802 shares or 0.02% of its portfolio. Sei Company owns 0.01% invested in Skyworks Solutions, Inc. (NASDAQ:SWKS) for 42,204 shares. Ny State Common Retirement Fund stated it has 447,130 shares. Nj State Employees Deferred Compensation Plan invested in 6,318 shares. Price T Rowe Md reported 589,872 shares. Moreover, Trexquant Invest L P has 0.18% invested in Skyworks Solutions, Inc. (NASDAQ:SWKS) for 17,478 shares. Pub Sector Pension Inv Board stated it has 130,572 shares or 0.08% of all its holdings. Goodman Fincl Corporation has 33,262 shares for 1.43% of their portfolio. Mackenzie Financial Corporation reported 0.01% of its portfolio in Skyworks Solutions, Inc. (NASDAQ:SWKS). Denali Advsrs Ltd holds 29,300 shares. Westfield Lp accumulated 139,725 shares. Geode Cap Management Ltd Llc, a Massachusetts-based fund reported 2.31 million shares. Nordea Mngmt accumulated 119,331 shares. Keybank National Association Oh holds 0% or 8,839 shares in its portfolio. 83,017 were reported by Assetmark.

Since December 13, 2017, it had 0 insider purchases, and 9 sales for $13.68 million activity. Shares for $234,506 were sold by KING CHRISTINE. ALDRICH DAVID J sold $3.18M worth of stock. On Thursday, December 14 the insider GRIFFIN LIAM sold $1.43M.

Skyworks Solutions (NASDAQ:SWKS) Receives a Downgrade

In an analyst note revealed to clients this morning, Raymond James lowered their rating on shares of Skyworks Solutions (NASDAQ:SWKS) to a Hold.

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 firm has “Underweight” rating by Morgan Stanley given on Wednesday, December 13. Robert W. Baird initiated Skyworks Solutions, Inc. (NASDAQ:SWKS) rating on Wednesday, May 2. Robert W. Baird has “Buy” rating and $12500 target. The firm has “Hold” rating given on Wednesday, December 13 by Cowen & Co. The firm earned “Neutral” rating on Tuesday, April 24 by Mizuho. The stock has “Buy” rating by Canaccord Genuity on Tuesday, January 23. The stock of Skyworks Solutions, Inc. (NASDAQ:SWKS) has “Buy” rating given on Tuesday, February 27 by Standpoint Research. The stock of Skyworks Solutions, Inc. (NASDAQ:SWKS) has “Hold” rating given on Monday, February 5 by Cowen & Co. The company was maintained on Friday, May 4 by Craig Hallum. On Friday, May 4 the stock rating was maintained by Drexel Hamilton with “Buy”. The stock of Skyworks Solutions, Inc. (NASDAQ:SWKS) earned “Buy” rating by Piper Jaffray on Wednesday, December 20.

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 earnings per share, 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 earnings per share 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: Seekingalpha.com which released: “Skyworks Solutions: Good And Cheap” on May 09, 2018, also Fool.com with their article: “Is Skyworks Solutions Stock a Buy?” published on April 30, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For May 18, 2018” on May 18, 2018. More interesting news about Skyworks Solutions, Inc. (NASDAQ:SWKS) were released by: Benzinga.com and their article: “Analyst: 5 Headwinds Facing Skyworks Solutions” published on April 23, 2018 as well as Fool.com‘s news article titled: “Skyworks Solutions Exceeds Guidance but Predicts a Challenging Quarter Ahead” with publication date: May 07, 2018.

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

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