In a report released yesterday, Karl Ackerman from Cowen & Co. reiterated a Hold rating on Skyworks Solutions (SWKS), with a price target of $80. The company’s shares closed yesterday at $72.18, close to its 52-week low of $68.58.
According to TipRanks.com, Ackerman is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.0% and a 27.3% success rate. Ackerman covers the Consumer Goods sector, focusing on stocks such as Integrated Device Tech, Ultra Clean Holdings, and Ichor Holdings Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Skyworks Solutions with a $96.82 average price target, implying a 34.1% upside from current levels. In a report released yesterday, Morgan Stanley also upgraded the stock to Hold with a $76 price target.
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The company has a one-year high of $115.98 and a one-year low of $68.58. Currently, Skyworks Solutions has an average volume of 2.22M.
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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, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, synthesizers, power dividers and combiners, receivers, switches, and technical ceramics. It operates through the following geographic areas: United States; China; South Korea; Taiwan; Europe, Middle East, and Africa; and Other Asia-Pacific. The company was founded in 1962 and is headquartered in Woburn, MA.
