Skyworks Solutions PT Raised to $70.00 (SWKS)
Research analysts at DA Davidson lifted their price target on shares of Skyworks Solutions (NASDAQ:SWKS) from $65.00 to $70.00 in a report released on Friday. DA Davidson’s price objective indicates a potential upside of 26.04% from the stock’s previous close.
In other Skyworks Solutions news, Director David J. Mclachlan sold 2,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $55.53, for a total value of $111,060.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Skyworks Solutions (NASDAQ:SWKS) traded up 2.02% on Friday, hitting $56.66. 3,020,942 shares of the company’s stock traded hands. Skyworks Solutions has a one year low of $23.27 and a one year high of $56.08. The stock’s 50-day moving average is $52.15 and its 200-day moving average is $43.29. The company has a market cap of $10.739 billion and a price-to-earnings ratio of 29.06.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings data 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 $3.13 earnings per share for the current fiscal year.
A number of other firms have also recently commented on SWKS. Analysts at Canaccord Genuity raised their price target on shares of Skyworks Solutions from $55.00 to $62.00 in a research note on Tuesday, August 12th. They now have a “buy” rating on the stock. Separately, analysts at Pacific Crest reiterated an “outperform” rating on shares of Skyworks Solutions in a research note on Thursday, August 7th. Finally, analysts at Tigress Financial downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 24th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Skyworks Solutions has a consensus rating of “Buy” and an average target price of $55.76.
Skyworks Solutions, Inc (NASDAQ:SWKS) is a producer of analog semiconductors.
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