Skyworks Solutions Inc (NASDAQ:SWKS), an innovator of high performance analog semiconductors connecting people, places and things, today announced that Mitchell J. Haws has joined Skyworks as vice president of investor relations. Haws will serve as the primary interface to Skyworks’ existing buy-side and sell-side analysts and is chartered to expand the Company’s shareholder base.
“With more than 25 years of senior level experience and extensive knowledge of the semiconductor landscape, Mitch is highly regarded throughout our industry and brings strong analyst and portfolio manager relationships,” said Thomas S. Schiller, vice president of strategy and corporate development at Skyworks. “We are delighted to have attracted someone of Mitch’s caliber. His appointment reflects our plan to add new long-term institutional investors and supports our core mission to create shareholder value.”
“I am excited to be joining the Skyworks team at this key growth phase,” said Mitchell J. Haws, vice president of investor relations at Skyworks. “As one of the largest and fastest growing semiconductor companies in the world, Skyworks is uniquely positioned to capitalize on ubiquitous mobile connectivity and the Internet of Things. I look forward to working with the investment community and communicating our progress.”
Most recently, Haws served as vice president of investor relations for NXP Semiconductors, which merged with Freescale Semiconductor inDecember 2015. Prior to NXP, he managed investor relations for Equifax Inc., Reynolds & Reynolds and Geneva Steel. Haws earned a bachelor’s degree in communications from Brigham Young University and an MBA from Westminster College. (Original Source)
Shares of Skyworks Solutions closed yesterday at $67.39, up $2.04 or 3.12%. SWKS has a 1-year high of $106.50 and a 1-year low of $54.50. The stock’s 50-day moving average is $64.62 and its 200-day moving average is $67.66.
On the ratings front, Skyworks has been the subject of a number of recent research reports. In a report issued on July 6, BMO analyst Ambrish Srivastava assigned a Hold rating on SWKS, with a price target of $69, which represents a slight upside potential from current levels. Separately, on the same day, Drexel Hamilton’s Cody Acree reiterated a Buy rating on the stock and has a price target of $90.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Ambrish Srivastava and Cody Acree have a total average return of 7.3% and 13.1% respectively. Srivastava has a success rate of 71.8% and is ranked #726 out of 4060 analysts, while Acree has a success rate of 61.7% and is ranked #225.
Overall, 3 research analysts have rated the stock with a Sell rating, 4 research analysts have assigned a Hold rating and 9 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $80.85 which is 20.0% above where the stock closed yesterday.
Skyworks Solutions, Inc. engages in the design, development, and manufacture of proprietary semiconductor products. Its product portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure RF subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, synthesizers, power dividers and combiners, power management devices, receivers, switches and technical ceramics.