Research analysts at Oppenheimer hoisted their price target on shares of Skyworks Solutions (NASDAQ:SWKS) from $32.00 to $34.00 in a report released on Thursday, American Banking and Market News reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 31.78% from the stock’s previous close.
Skyworks Solutions (NASDAQ:SWKS) traded up 5.39% during mid-day trading on Thursday, hitting $25.80. The stock had a trading volume of 7,206,675 shares. Skyworks Solutions has a one year low of $19.21 and a one year high of $29.74. The stock has a 50-day moving average of $25.06 and a 200-day moving average of $23.61. The company has a market cap of $4.844 billion and a P/E ratio of 18.56.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings data on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $477.00 million for the quarter, compared to the consensus estimate of $474.80 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts predict that Skyworks Solutions will post $2.55 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of Skyworks Solutions from $30.00 to $33.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Skyworks Solutions in a research note to investors on Tuesday, October 22nd. They now have a $27.00 price target on the stock. Finally, analysts at B. Riley downgraded shares of Skyworks Solutions from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, September 25th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $30.27.
Skyworks Solutions, Inc (NASDAQ:SWKS) offers analog and mixed signal semiconductors.
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