UPDATE: Deutsche Bank Downgrades Skyworks Solutions to Hold

Deutsche Bank is out with its report today on Skyworks Solutions 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 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.