In a report released today, Cody Acree from Benchmark Co. reiterated a Buy rating on Skyworks Solutions (SWKS – Research Report), with a price target of $135.00. The company’s shares closed yesterday at $104.46.
Acree covers the Technology sector, focusing on stocks such as Intel, Skyworks Solutions, and Advanced Micro Devices. According to TipRanks, Acree has an average return of 21.5% and a 66.30% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Skyworks Solutions with a $111.68 average price target, implying a 6.91% upside from current levels. In a report released yesterday, Susquehanna also reiterated a Buy rating on the stock with a $125.00 price target.
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Based on Skyworks Solutions’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.2 billion and a net profit of $231.3 million. In comparison, last year the company earned a revenue of $1.33 billion and had a net profit of $309.4 million
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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.
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