Mizuho Securities Sticks to Its Hold Rating for Skyworks Solutions (SWKS)


Mizuho Securities analyst Vijay Rakesh maintained a Hold rating on Skyworks Solutions (SWKS) yesterday and set a price target of $75. The company’s shares closed yesterday at $79.91.

According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 20.1% and a 62.5% success rate. Rakesh covers the Consumer Goods sector, focusing on stocks such as Intel Corporation, Texas Instruments, and Cypress Semicon.

Currently, the analyst consensus on Skyworks Solutions is a Moderate Buy with an average price target of $87.13.

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Based on Skyworks Solutions’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $214 million. In comparison, last year the company had a net profit of $287 million.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock.

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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.

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