Semiconductor stocks have taken a big hit so far in 2022, and one Wall Street analyst just adjusted his ratings on six semis heading into the second half of the year.
The Analyst: Bank of America analyst Vivek Arya made the following seven ratings changes on Wednesday:
B of A Securities analyst Vivek Arya downgrades Skyworks Solutions (NASDAQ:SWKS) from Neutral to Underperform and lowers the price target from $135 to $105.
Mizuho analyst Vijay Rakesh reiterated Buy on Qualcomm Inc (NASDAQ:QCOM), Qorvo, Inc (NASDAQ:QRVO), and Skyworks Solutions, Inc (NASDAQ:SWKS). However, he slashed the price targets of…
Skyworks Solutions's (NASDAQ:SWKS) short percent of float has fallen 13.14% since its last report. The company recently reported that it has 2.45 million shares sold short, which is 1.52% of all regular shares that are available for trading.
KeyBanc analyst John Vinh said nine companies were under coverage (Advanced Micro Devices, Inc (NASDAQ: AMD), Cirrus Logic, Inc (NASDAQ:CRUS), Lattice Semiconductor Corporation (NASDAQ:LSCC), Monolithic…