Skyworks Solutions Inc (NASDAQ:SWKS), an innovator of high performance analog semiconductors connecting people, places and things, announced that it received the 2015 National Export Award (PNE) from Mexico. The PNE is one of four national awards given by Mexico’s federal government recognizing companies, educational institutions and organizations whose efforts have contributed to strengthening Mexico’s competitiveness in international markets. Specifically, Skyworks was recognized for being a role model of innovation and efficiency in delivering high value products to global markets. This is the third consecutive award for Skyworks from Mexico’s federal government. In 2013, Skyworks received the National Quality Award and in 2014 was awarded the National Technology and Innovation Award.
“Skyworks is honored to receive Mexico’s highest distinction for its world class operations and export capabilities,” said Bruce Freyman, executive vice president of worldwide operations at Skyworks. “Skyworks’ Mexicali facility plays a key role in the assembly, test and packaging of our industry leading analog and RF solutions that are connecting everyone and everything all the time. This award reflects the outstanding commitment from our employees who embrace quality, innovation and productivity on a daily basis.”
Skyworks has been manufacturing integrated circuit modules in Mexicali since 1969, investing in technology, facilities and state-of-the-art equipment – yielding a world class operation based on advanced processes and a highly-trained workforce. The company is one of the largest employers in Mexicali, with approximately 3,600 employees. It continuously participates in governmental programs that promote research and development in Mexico and over the years has worked with governmental agencies, universities and research and development centers to increase competencies, create new capabilities, grow business opportunities and nurture supplier development in Mexicali. (Original Source)
Shares of Skyworks Solutions closed yesterday at $76.31. SWKS has a 1-year high of $112.88 and a 1-year low of $54.66. The stock’s 50-day moving average is $83.63 and its 200-day moving average is $93.85.
On the ratings front, Skyworks has been the subject of a number of recent research reports. In a report issued on October 20, Drexel Hamilton analyst Cody Acree initiated coverage with a Buy rating on SWKS and a price target of $110, which represents a potential upside of 44.1% from where the stock is currently trading. Separately, on October 7, Brean Murray Carret’s Mike Burton maintained a Buy rating on the stock and has a price target of $100.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Cody Acree and Mike Burton have a total average return of 15.4% and 10.3% respectively. Acree has a success rate of 45.6% and is ranked #375 out of 3804 analysts, while Burton has a success rate of 54.7% and is ranked #388.
The street is mostly Bullish on SWKS stock. Out of 8 analysts who cover the stock, 7 suggest a Buy rating and one recommends to Hold the stock. The 12-month average price target assigned to the stock is $115.50, which implies an upside of 51.4% from current levels.
Skyworks Solutions Inc, together with its consolidated subsidiaries is an innovator of high reliability analog and mixed signal semiconductors.