Skyworks Solutions (NASDAQ:SWKS) : 20 Wall Street analysts covering Skyworks Solutions (NASDAQ:SWKS) believe that the average level the stock could reach for the short term is $85.1. The maximum price target given is $100 and the minimum target for short term is around $61, hence the standard deviation is calculated at $11.04.
Skyworks Solutions Inc. has lost 5.85% in the last five trading days and dropped 5.93% in the last 4 weeks. Skyworks Solutions Inc. has dropped 18.73% during the last 3-month period . Year-to-Date the stock performance stands at -16.94%.
Skyworks Solutions (NASDAQ:SWKS) : The consensus on Skyworks Solutions (NASDAQ:SWKS) based on 20 analyst recommendation on the company stock is 1.62, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 14 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Skyworks Solutions (NASDAQ:SWKS).
Skyworks Solutions (NASDAQ:SWKS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.03 and $61.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.28, notching a gain of 2.51% for the day. The total traded volume was 3,375,732 . The stock had closed at $61.73 on the previous day.
In an insider trading activity,The director officer (Executive Chairman) of Skyworks Solutions, Inc., Aldrich David J sold 15,000 shares at $66.37 on June 21, 2016. The Insider selling transaction had a total value worth of $995,550. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Skyworks Solutions Inc. is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Companys portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics. The Companys products include Front-end Modules and Amplifiers, Wireless Infrastructure, Power Management, Precision Analog Components, WiFi Connectivity, and Smart Energy.