Oppenheimer analyst Rick Schafer assigned a Hold rating to Skyworks Solutions (SWKS) yesterday. The company’s shares closed last Wednesday at $131.90, close to its 52-week high of $138.22.
According to TipRanks.com, Schafer is a top 25 analyst with an average return of 19.3% and a 78.3% success rate. Schafer covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Akoustis Technologies, and NXP Semiconductors.
Currently, the analyst consensus on Skyworks Solutions is a Moderate Buy with an average price target of $116.88.
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The company has a one-year high of $138.22 and a one-year low of $67.90. Currently, Skyworks Solutions has an average volume of 2.53M.
Based on the recent corporate insider activity of 68 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.
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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.
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