Raymond James cut shares of Skyworks Solutions (NASDAQ: SWKS) from a strong-buy rating to an outperform rating in a research report sent to investors on Thursday morning.
A number of other firms have also recently commented on SWKS. Analysts at Oppenheimer initiated coverage on shares of Skyworks Solutions in a research note to investors on Tuesday, February 19th. They set an outperform rating and a $32.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Skyworks Solutions from an underperform rating to an outperform rating in a research note to investors on Tuesday, February 12th. They now have a $29.00 price target on the stock. Finally, analysts at Brean Murray reiterated a buy rating on shares of Skyworks Solutions in a research note to investors on Friday, February 8th. They now have a $28.00 price target on the stock.
Fourteen investment analysts have rated the stock with a buy rating, two have assigned an overweight rating, and four have assigned a hold rating to the company. The company has a consensus rating of overweight and a consensus price target of $30.41.
Skyworks Solutions traded down 3.34% on Thursday, hitting $21.12. Skyworks Solutions has a 1-year low of $19.21 and a 1-year high of $31.44. The stock’s 50-day moving average is currently $22.39. The company has a market cap of $4.055 billion and a price-to-earnings ratio of 20.03.
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