Skyworks Solutions (SWKS) Receives Price Target

Skyworks Solutions (SWKS) stock is expected to deviate a maximum of $11.48 from the average target price of $83.11 for the short term period. 19 Street Experts have initiated coverage on the stock with the most promising target being $100 and the most muted being $61.

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.


Also, In a research note released to the investors, CLSA upgrades its rating on Skyworks Solutions (NASDAQ:SWKS).The analysts at the brokerage house have a current rating of Outperform on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. In a recent information released to the investors, CLSA raises the new price target from $73 per share to $77 per share. The rating by the firm was issued on August 9, 2016.

Skyworks Solutions (NASDAQ:SWKS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $74.79 and $74.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $75.09, notching a gain of 0.31% for the day. The total traded volume was 2,095,130 . The stock had closed at $74.86 on the previous day.

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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