Skyworks Solutions (SWKS) Receives a Rating Update from a Top Analyst

Oppenheimer analyst Rick Schafer maintained a Hold rating on Skyworks Solutions (SWKS) today. The company’s shares closed last Thursday at $135.34, close to its 52-week high of $139.88.

According to, Schafer is a top 100 analyst with an average return of 18.6% and a 75.6% 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 $135.47 average price target, representing a -1.2% downside. In a report issued on July 17, UBS also maintained a Hold rating on the stock with a $135.00 price target.

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Based on Skyworks Solutions’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $766 million and net profit of $181 million. In comparison, last year the company earned revenue of $810 million and had a net profit of $214 million.

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.

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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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