Needham Keeps Their Buy Rating on Skyworks Solutions (SWKS)


Needham analyst Rajvindra Gill maintained a Buy rating on Skyworks Solutions (SWKS) today and set a price target of $95.00. The company’s shares closed last Monday at $85.66.

According to TipRanks.com, Gill is a 5-star analyst with an average return of 12.5% and a 59.2% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Everspin Technologies Inc, Smart Global Holdings Inc, and Adesto Technologies Corp.

Currently, the analyst consensus on Skyworks Solutions is a Moderate Buy with an average price target of $87.23, implying a 0.9% upside from current levels. In a report issued on October 10, Cowen & Co. also upgraded the stock to Buy with a $95.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $94.39 and a one-year low of $60.12. Currently, Skyworks Solutions has an average volume of 1.83M.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SWKS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts