Skyworks Solutions (SWKS) Receives ‘Analyst’ Rating

Skyworks Solutions (SWKS) : Zacks Investment Research ranks Skyworks Solutions (SWKS) as 3, which is a Hold recommendation. 11 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 19 research analysts is 1.75, which indicates as a Buy.

Skyworks Solutions (SWKS) : The highest level Skyworks Solutions (SWKS) is projected to reach is $100 for the short term and the lowest estimate is at $61. The consolidated price target from 19 rating analysts who initiate coverage on the stock is $83 and the possibility the share price can swing is $11.4.


Also, Brokerage firm CLSA upgrades its rating on Skyworks Solutions (NASDAQ:SWKS). As per the latest information, the brokerage house raises the price target to $77 per share from a prior target of $73. The shares have been rated Outperform. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on August 9, 2016.

Skyworks Solutions (NASDAQ:SWKS): After opening at $73, the stock dipped to an intraday low of $72.98 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $77.25 and the buying power remained strong till the end. The stock closed at $77.02 for the day, a gain of 6.38% for the day session. The total traded volume was 7,857,983. The stocks close on the previous trading day was $72.4.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.