Skyworks Solutions (SWKS): Price Target and June Short Interest Disclosure

Skyworks Solutions (SWKS) : The most positive equity analysts on Skyworks Solutions (SWKS) expects the shares to touch $100, whereas, the least positive believes that the stock will trade at $61 in the short term. The company is covered by 19 Wall Street Brokerage Firms. The average price target for shares are $83.21 with an expected fluctuation of $11.36 from the mean.

The short interest in Skyworks Solutions (SWKS) has declined from 10,272,097 on June 15,2016 to 8,615,584 on June 30,2016. The change was measured at 1,656,513 shares or 16.1%. The leftover shorts were 4.5% of the floated shares. The days to cover are 3, given the average daily volume of 2,765,259 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Brokerage Firm, Pacific Crest, downgrades their rating on the shares of Skyworks Solutions (NASDAQ:SWKS). Pacific Crest has a Sector Weight rating on the shares. Previously, the analysts had a Overweight rating on the shares. As per the latest report, the brokerage house maintains the price target to $90 per share. The rating by the firm was issued on July 5, 2016.


Skyworks Solutions (NASDAQ:SWKS): stock turned positive on Thursday. Though the stock opened at $66.31, the bulls momentum made the stock top out at $67.6 level for the day. The stock recorded a low of $65.48 and closed the trading day at $67.39, in the green by 3.12%. The total traded volume for the day was 2,089,231. The stock had closed at $65.35 in the previous days trading.

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.

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