Oppenheimer analyst Rick Schafer maintained a Hold rating on Skyworks Solutions (SWKS) on January 7. The company’s shares closed last Tuesday at $158.25, close to its 52-week high of $165.99.
According to TipRanks.com, Schafer is a top 100 analyst with an average return of 24.6% and a 79.2% success rate. Schafer covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Akoustis Technologies, and NXP Semiconductors.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Skyworks Solutions with a $167.60 average price target, which is a 3.4% upside from current levels. In a report released yesterday, Merrill Lynch also downgraded the stock to Hold.
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Based on Skyworks Solutions’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $957 million and net profit of $247 million. In comparison, last year the company earned revenue of $827 million and had a net profit of $211 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. The company was founded in 1962 and is headquartered in Woburn, MA.