In a report issued on July 16, Christopher Rolland from Susquehanna maintained a Hold rating on Skyworks Solutions (SWKS), with a price target of $120.00. The company’s shares closed last Thursday at $135.34, close to its 52-week high of $139.88.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 14.3% and a 68.6% success rate. Rolland covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Power Integrations.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Skyworks Solutions with a $135.47 average price target, a -1.2% downside from current levels. 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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The company has a one-year high of $139.88 and a one-year low of $67.90. Currently, Skyworks Solutions has an average volume of 1.97M.
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.