Skyworks Solutions Reaches New 12-Month High at $56.94 (SWKS)
Shares of Skyworks Solutions (NASDAQ:SWKS) hit a new 52-week high during mid-day trading on Friday , Analyst Ratings News reports. The stock traded as high as $56.94 and last traded at $56.72, with a volume of 1,722,258 shares changing hands. The stock had previously closed at $55.54.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Skyworks Solutions has an average rating of “Buy” and a consensus target price of $55.47.
The stock has a 50-day moving average of $52.15 and a 200-day moving average of $43.29. The company has a market cap of $10.760 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 for the quarter, missing the analysts’ 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 last year, the company posted $0.54 earnings per share. Skyworks Solutions’s revenue was up 34.6% compared to the same quarter last year. Analysts expect that Skyworks Solutions will post $3.13 EPS for the current fiscal year.
In other Skyworks Solutions news, Director David J. Mclachlan unloaded 2,000 shares of the 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 transaction of $111,060.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Skyworks Solutions, Inc (NASDAQ:SWKS) is a producer of analog semiconductors.
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