After Robert W. Baird and Piper Jaffray gave Skyworks Solutions (NASDAQ: SWKS) a Buy rating last month, the company received another Buy, this time from Needham. Analyst Rajvindra Gill maintained a Buy rating on Skyworks Solutions today and set a price target of $95. The company’s shares opened today at $82.30.
According to TipRanks.com, Gill is a 5-star analyst with an average return of 12.2% and a 57.0% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Everspin Technologies Inc, and Smart Global Holdings Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Skyworks Solutions with a $87.56 average price target.
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Based on Skyworks Solutions’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $972 million and net profit of $285 million. In comparison, last year the company had a net profit of $70.4 million.
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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.
