Skyworks Solutions Downgraded To Hold By Vetr Crowd

Although Skyworks Solutions Inc (NASDAQ: 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.

See how crowdsourced ratings can help predict the market?

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.

See more from Benzinga

• Juno Therapeutics Rated a Strong Buy According to Vetr Members

• Whole Foods Market Downgraded To 1.5 Stars By Vetr

© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.