Share on StockTwits

Analysts at Northland Securities boosted their price objective on shares of Skyworks Solutions (NASDAQ:SWKS) from $40.00 to $47.00 in a research report issued to clients and investors on Wednesday, AnalystRatings.NET reports. The firm currently has an “outperform” rating on the stock. Northland Securities’ price target indicates a potential upside of 13.25% from the stock’s previous close.

A number of other firms have also recently commented on SWKS. Analysts at Brean Capital raised their price target on shares of Skyworks Solutions from $35.00 to $48.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Skyworks Solutions from $39.00 to $42.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of Skyworks Solutions in a research note on Wednesday, April 16th. They set a “market perform” rating and a $36.00 price target on the stock. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Skyworks Solutions presently has a consensus rating of “Buy” and an average target price of $42.31.

Shares of Skyworks Solutions (NASDAQ:SWKS) traded up 9.33% on Wednesday, hitting $41.50. 11,148,717 shares of the company’s stock traded hands. Skyworks Solutions has a 1-year low of $20.62 and a 1-year high of $41.97. The stock has a 50-day moving average of $36.95 and a 200-day moving average of $30.42. The company has a market cap of $7.841 billion and a price-to-earnings ratio of 23.72. Skyworks Solutions also was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 13,172 call options on the company. This is an increase of approximately 418% compared to the average volume of 2,541 call options.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.59 by $0.03. The company had revenue of $481.00 million for the quarter, compared to the consensus estimate of $470.26 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 13.1% on a year-over-year basis. Analysts expect that Skyworks Solutions will post $2.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, May 22nd. Investors of record on Tuesday, May 13th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Friday, May 9th.

Skyworks Solutions, Inc (NASDAQ:SWKS) offers analog and mixed signal semiconductors.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.