Stock Update (NASDAQ:SWKS): Skyworks Solutions Inc Launches Family of Groundbreaking Switches for Internet of Things

Skyworks Solutions Inc (NASDAQ:SWKS) an innovator of high performance analog semiconductors connecting people, places and things, today expanded its portfolio of industry-leading RF switches with a suite of innovative analog control ICs for a variety of Internet of Things applications including the connected home and smart lighting. In addition to supporting high data rates and broad frequency ranges, these fully integrated switch solutions operate at elevated temperatures, making them ideally suited for embedded smart energy and lighting applications where small form factors are required and ambient temperatures can reach up to 105 degrees Celsius.

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“Skyworks is pleased to be at the forefront of leading RF switching technology,” said David Stasey, vice president and general manager of Analog Solutions for Skyworks. “The introduction of our newest devices reflects Skyworks’ commitment to delivering the broadest, highest volume RF switch portfolio in the industry with unmatched product quality, customer support and the best product development pipeline. Our solutions continue to enable some of the fastest growing Internet of Things applications as the world becomes more connected.”(Original Source)

Shares of Skyworks Solutions closed last Friday at $97.56 . SWKS has a 1-year high of $102.77 and a 1-year low of $40.14. The stock’s 50-day moving average is $96.38 and its 200-day moving average is $81.82.

On the ratings front, Skyworks Solutions has been the subject of a number of recent research reports. In a report issued on May 12, Barclays analyst Blayne Curtis reiterated a Hold rating on SWKS, with a price target of $90, which reflects a potential downside of -7.7% from last closing price. Separately, on May 1, MKM Partners’ Ian Ing reiterated a Buy rating on the stock and has a price target of $120.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Blayne Curtis and Ian Ing have a total average return of 12.1% and 30.0% respectively. Curtis has a success rate of 68.9% and is ranked #376 out of 3604 analysts, while Ing has a success rate of 75.0% and is ranked #134.

In total, 2 research analysts have assigned a Hold rating and 11 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $97.56 which is 13.5% above where the stock closed last Friday.

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

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