Skyworks Solutions (SWKS) : 19 analysts are covering Skyworks Solutions (SWKS) and their average rating on the stock is 1.75, which is read as a Buy. 11 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Skyworks Solutions (SWKS) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Skyworks Solutions (SWKS) : The highest short term price target forecast on Skyworks Solutions (SWKS) is $100 and the lowest target price is $61. A total of 19 equity analysts are currently covering the company. The average price of all the analysts is $83.11 with a standard deviation of $11.48.
For the current week, the company shares have a recommendation consensus of Buy. Skyworks Solutions (NASDAQ:SWKS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $66.38 and $66.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $67.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.41, notching a gain of 1.51% for the day. The total traded volume was 1,580,804 . The stock had closed at $66.41 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Aldrich David J, director officer (Executive Chairman) of Skyworks Solutions, Inc., had unloaded 15,000 shares at an average price of $59.7 in a transaction dated on July 5, 2016. The total value of the transaction was worth $895,500.
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.