In a report released yesterday, Ruben Roy from Stifel Nicolaus maintained a Buy rating on Skyworks Solutions (SWKS – Research Report), with a price target of $112.00. The company’s shares closed yesterday at $89.72.
Roy covers the Technology sector, focusing on stocks such as Intel, Viavi Solutions, and Cadence Design. According to TipRanks, Roy has an average return of 15.6% and a 62.02% success rate on recommended stocks.
Skyworks Solutions has an analyst consensus of Hold, with a price target consensus of $98.23, implying a 9.49% upside from current levels. In a report released on May 1, Craig-Hallum also assigned a Buy rating to the stock with a $125.00 price target.
The company has a one-year high of $114.38 and a one-year low of $83.90. Currently, Skyworks Solutions has an average volume of 2.44M.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SWKS in relation to earlier this year.
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Skyworks Solutions (SWKS) Company Description:
Skyworks Solutions, Inc. is a semiconductor company. It engages in designing, manufacturing, and marketing of a broad range of high-performance analog and mixed signal semiconductors that enable wireless connectivity.
Read More on SWKS:
- Skyworks price target lowered to $95 from $105 at Piper Sandler
- Starbucks downgraded, Dollar Tree upgraded: Wall Street’s top analyst calls
- Skyworks downgraded to Hold at Benchmark on Apple weakness and share loss
- Skyworks downgraded to Hold from Buy at Benchmark
- Skyworks price target lowered to $100 from $110 at UBS
