In a report released today, Ambrish Srivastava from BMO Capital maintained a Buy rating on Skyworks Solutions (SWKS – Research Report), with a price target of $135.00. The company’s shares closed last Thursday at $113.52.
According to TipRanks.com, Srivastava is a 5-star analyst with an average return of 12.2% and a 68.7% success rate. Srivastava covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Texas Instruments.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Skyworks Solutions with a $131.08 average price target, a 17.7% upside from current levels. In a report released yesterday, Mizuho Securities also maintained a Buy rating on the stock with a $150.00 price target.
The company has a one-year high of $188.61 and a one-year low of $88.76. Currently, Skyworks Solutions has an average volume of 2.07M.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SWKS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Skyworks Solutions, Inc. is a semiconductor company. It engages in designing, manufacturing, and marketing of a broad range of high-performance analog and mixed signal semiconductors that enable wireless connectivity.
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