Analysts Conflicted on These Technology Names: Altair Engineering (ALTR), Skyworks Solutions (SWKS) and Super Micro Computer (SMCI)

Analysts have been eager to weigh in on the Technology sector with new ratings on Altair Engineering (ALTR – Research Report), Skyworks Solutions (SWKS – Research Report) and Super Micro Computer (SMCI – Research Report).

Altair Engineering (ALTR)

In a report released today, Dylan Becker from William Blair maintained a Buy rating on Altair Engineering. The company’s shares closed last Thursday at $59.11.

According to TipRanks.com, Becker is a 3-star analyst with an average return of 4.1% and a 54.4% success rate. Becker covers the Technology sector, focusing on stocks such as Procore Technologies, Unity Software, and Veeva Systems.

Altair Engineering has an analyst consensus of Strong Buy, with a price target consensus of $78.86.

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Skyworks Solutions (SWKS)

Robert W. Baird analyst Tristan Gerra reiterated a Hold rating on Skyworks Solutions yesterday and set a price target of $90.00. The company’s shares closed last Thursday at $89.50.

According to TipRanks.com, Gerra is a 5-star analyst with an average return of 6.9% and a 50.8% success rate. Gerra covers the Technology sector, focusing on stocks such as Sequans Communications S A, Advanced Micro Devices, and Navitas Semiconductor.

Currently, the analyst consensus on Skyworks Solutions is a Hold with an average price target of $112.07.

Super Micro Computer (SMCI)

Barclays analyst George Wang CFA maintained a Buy rating on Super Micro Computer on November 1 and set a price target of $335.00. The company’s shares closed last Thursday at $245.90.

According to TipRanks.com, CFA is a 3-star analyst with an average return of 3.8% and a 56.0% success rate. CFA covers the Technology sector, focusing on stocks such as TD SYNNEX Corporation, Logitech, and Nutanix.

Currently, the analyst consensus on Super Micro Computer is a Moderate Buy with an average price target of $358.00, a 37.3% upside from current levels. In a report issued on October 20, Nomura also initiated coverage with a Buy rating on the stock with a $413.00 price target.

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Read More on ALTR:

• Altair to Present at the RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference
• Altair Announces Date of Third Quarter 2023 Financial Results Conference Call
• Altair Enhances Leadership in Optimization Technology by Acquiring OmniQuest
• Altair Engineering acquires OmniQuest, terms not disclosed