JMP Securities Increases Skyworks Solutions Price Target to $60.00 (SWKS)
Research analysts at JMP Securities lifted their price objective on shares of Skyworks Solutions (NASDAQ:SWKS) from $50.00 to $60.00 in a report released on Friday. The firm currently has an “outperform” rating on the stock. JMP Securities’ price target would suggest a potential upside of 13.49% from the company’s current price.
A number of other firms have also recently commented on SWKS. Analysts at Topeka Capital Markets raised their price target on shares of Skyworks Solutions from $54.00 to $58.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Northland Securities raised their price target on shares of Skyworks Solutions from $55.00 to $65.00 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Brean Capital raised their price target on shares of Skyworks Solutions from $54.00 to $58.00 in a research note on Friday. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $53.72.
Skyworks Solutions (NASDAQ:SWKS) traded up 14.09% on Friday, hitting $52.87. 18,366,064 shares of the company’s stock traded hands. Skyworks Solutions has a one year low of $22.24 and a one year high of $49.10. The stock’s 50-day moving average is $46.69 and its 200-day moving average is $38.2. The company has a market cap of $10.024 billion and a P/E ratio of 27.57.
Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, July 17th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $80.00 by $79.17. The company had revenue of $587.00 million for the quarter, compared to the consensus estimate of $570.37 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 34.6% on a year-over-year basis. On average, analysts predict that Skyworks Solutions will post $2.96 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 21st. Shareholders of record on Thursday, August 7th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.83%.
Skyworks Solutions, Inc (NASDAQ:SWKS) is a producer of analog semiconductors.
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