Skyworks Solutions Inc (NASDAQ:SWKS): Update On Analysts’ Ratings


Dallas, Texas 05/07/2014 (FINANCIALSTRENDS) – Massachusetts based Skyworks Solutions Inc. (NASDAQ:SWKS) offers analog semiconductors worldwide. Yesterday, the stock of Skyworks Solutions closed at $41.37, around 1.43% down from its previous close. The stock has recently marked a fresh 52 week high of $42.49 and has almost doubled from its 52 week low of $     20.62. Following the recent surge in the stock prices, the stock is trading almost 41% and 10.5% above its 200 day and 50 day simple moving averages.

Analysts’ Ratings:

Recently many investment analysts have commented on the stock of Skyworks Solutions Inc. (NASDAQ:SWKS). Equities analysts at Oppenheimer recently raised their price target for the stock to $42 from $39 with an “outperform” rating on the stock. Separately, analysts at Barclays also raised their price target for the stock from $26 to $31 which suggests significant downside from its Tuesday’s closing of $41.37. They now maintain an “equal weight” rating on the stock.

Analysts at Canaccord Genuity also raised their price target on the stock from $39 to $47 and they now maintain a “buy” rating on the stock. Equities analyst at BMO Capital Markets also raised its price objective from $36 to $40 on the stock. Analysts at Northland Securities raised its price target from $40 to $47 on the stock and they now maintain an “outperform” rating on the stock. Analysts at JMP Securities also upgraded its price target from $46 to $50 and reaffirmed an “outperform” rating on the stock.

Analyst’s Comment:

Equity research analyst at Zacks recently commented on the stocks of Skyworks Solutions Inc. (NASDAQ:SWKS) with a note, “Skyworks continues to benefit from strong underlying demand in the mobile Internet sector, backed by market share gains and new product launches. We maintain our long-term Neutral recommendation for the stock as we anticipate it to perform in line with the broader market.” Zacks recently maintain a “neutral” rating on the stock with a price target of $44.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.