Skyworks Solutions Downgraded To Hold By Vetr Crowd

Although Skyworks Solutions Inc SWKS shares are up over 45 percent this year, the Vetr community has downgraded the stock from 3.5 stars to 3 stars.

Skyworks Solutions' highlight of the year was a one-day 12 percent spike after a positive first-quarter earnings report in January. The company has traded up from the $88 handle to the $109 handle. That said, the Vetr crowd doesn’t see the rise continuing much longer.

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Vetr members have given Skyworks Solutions a Hold rating and $110.24 price target. This price target is much higher than the $95.45 price target from Wall Street analysts. The stock opened Thursday at $109.82.

Of all Vetr raters, over 53 percent believe traders and investors should sell Skyworks Solutions stock.

For Vetr’s full analysis of Skyworks Solutions, go here.