UPDATE: Deutsche Bank Downgrades Skyworks Solutions to Hold

Deutsche Bank is out with its report today on Skyworks Solutions (NASDAQ: SWKS), downgrading SWKS to Hold.

In a note to clients, Deutsche Bank writes, "We think Skyworks faces a volatile second half. While we see no serious signs of trouble, we think share loss at Apple (NASDAQ: AAPL), pricing pressure in China, and integration issues will make it difficult for them to keep beating numbers. Long-term industry fundamentals seem strong, and they remain the best company in the sector, but additional near-term uncertainty merits a Hold rating."

Deutsche Bank lowers its PT on SWKS from $40 to $30.

At the time of posting, shares of SWKS were trading at $22.39, down 3.32% from Friday's close.