Company Update (NASDAQ:SWKS): Skyworks Solutions Inc Reduces Hazardous Materials and Increases Energy Efficiency

Skyworks Solutions Inc (NASDAQ:SWKS) an innovator of high performance analog semiconductors connecting people, places and things, has released its 2014 Sustainability Report, a voluntary non-financial public document that addresses the company’s commitment to sustainable business practices. The report highlights annual efficiency improvements and provides an overview of the company’s initiatives in multiple areas, from its environmental efforts and labor practices, to its health and safety programs, ethics policies and stewardship activities.

“At Skyworks, we believe in making great products responsibly,” said Bruce J. Freyman, executive vice president of worldwide operations atSkyworks. “Our goal is to develop and manufacture connectivity solutions through sustainable business practices, reducing our impact on the global environment. We are proud of this year’s accomplishments and look forward to leveraging our systems and processes to ensure continuous improvement.”In 2014, Skyworks continued its trend of manufacturing products with fewer natural resources, reducing hazardous materials and increasing energy efficiency. The statistics have been formally released with our 2014 Sustainability report. Skyworks also took further steps to ensure its materials continue to be sourced responsibly, expanded its employee programs promoting health, fitness and safety, and completed a global employee survey to find ways to make Skyworks an even better place to work. (Original Source)

Shares of Skyworks closed yesterday at $95.42 . SWKS has a 1-year high of $102.77 and a 1-year low of $36.87. The stock’s 50-day moving average is $95.93 and its 200-day moving average is $76.14.

On the ratings front, Skyworks has been the subject of a number of recent research reports. In a report issued on April 6, Stephens Inc analyst Harsh Kumar downgraded SWKS to Hold, with a price target of $100, which represents a slight upside potential from current levels. Separately, on April 2, Brean Murray Carret’s Mike Burton maintained a Buy rating on the stock and has a price target of $110.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Harsh Kumar and Mike Burton have a total average return of 36.5% and 22.0% respectively. Kumar has a success rate of 75.0% and is ranked #775 out of 3577 analysts, while Burton has a success rate of 71.8% and is ranked #131.

The street is mostly Bullish on SWKS stock. Out of 10 analysts who cover the stock, 8 suggest a Buy rating and 2 recommend to Hold the stock. The 12-month average price target assigned to the stock is $98.22, which represents a slight upside potential from current levels.

Skyworks Solutions Inc, together with its consolidated subsidiaries is an innovator of high reliability analog and mixed signal semiconductors.

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