Out of 21 analysts covering Skyworks Solutions (NASDAQ:SWKS), 17 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 81% are positive. $130 is the highest target while $61 is the lowest. The $87.42 average target is 26.31% above today’s ($69.21) stock price. Skyworks Solutions has been the topic of 42 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Cowen & Co maintained the stock on July 22 with “Market Perform” rating. Morgan Stanley initiated it with “Underweight” rating and $61 target price in a June 27 report. Craig Hallum maintained the shares of SWKS in a report on April 29 with “Buy” rating. Citigroup upgraded the firm’s rating on June 9. Citigroup has “Buy” rating and $65 price target. Lastly, CLSA upgraded the stock to “Outperform” rating in an August 9 report. Below is a list of Skyworks Solutions Inc (NASDAQ:SWKS) latest ratings and price target changes.
22/07/2016 Broker: Cowen & Co Rating: Market Perform Old Target: $76.00 New Target: $72.00 Maintain
01/07/2016 Broker: Mizuho Old Rating: Buy New Rating: Neutral New Target: $68.00 Downgrade
29/04/2016 Broker: Cowen & Co Rating: Market Perform Old Target: $78.00 New Target: $76.00 Maintain
29/04/2016 Broker: Craig Hallum Rating: Buy Old Target: $90.00 New Target: $85.00 Maintain
29/04/2016 Broker: Mizuho Rating: Buy Old Target: $105.00 New Target: $99.00 Maintain
29/04/2016 Broker: Topeka Capital Markets Rating: Buy Old Target: $90.00 New Target: $85.00 Maintain
09/08/2016 Broker: CLSA Old Rating: Underperform New Rating: Outperform Old Target: $73.00 New Target: $77.00 Upgrade
27/06/2016 Broker: Morgan Stanley Rating: Underweight New Target: $61.00 Initiate
09/06/2016 Broker: Citigroup Old Rating: Neutral New Rating: Buy Old Target: $69.50 New Target: $65.00 Upgrade
25/05/2016 Broker: CLSA Rating: Underperform Initiate
About 3.05 million shares traded hands or 13.38% up from the average. Skyworks Solutions Inc (NASDAQ:SWKS) has risen 15.24% since February 8, 2016 and is uptrending. It has underperformed by 1.24% the S&P500.
Skyworks Solutions Inc. is engaged in the production of analog semiconductors. The company has a market cap of $13.28 billion. The Firm supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System , industrial, medical, military, wireless networking, smartphone and tablet applications. It has a 13.73 P/E ratio. The Company’s portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics.
The institutional sentiment decreased to 0.66 in Q2 2016. Its down 0.30, from 0.96 in 2016Q1. The ratio is negative, as 97 funds sold all Skyworks Solutions Inc shares owned while 239 reduced positions. 47 funds bought stakes while 174 increased positions. They now own 141.77 million shares or 4.99% less from 149.22 million shares in 2016Q1.
Sarbit Advisory Services Inc. holds 12.95% of its portfolio in Skyworks Solutions Inc for 1.04 million shares. Shearlink Capital Llc owns 369,991 shares or 10.19% of their US portfolio. Moreover, Cypress Funds Llc has 5.98% invested in the company for 400,000 shares. The North Carolina-based Ncm Capital Advisers Inc. has invested 4.11% in the stock. Villere St Denis J & Co Llc, a Louisiana-based fund reported 1.05 million shares.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.