Skyworks Solutions (NASDAQ: SWKS) had its price target decreased by BNP Paribas from $25.00 to $24.00 in a research report released on Friday morning. BNP Paribas currently has a buy rating on the stock.
A number of other analysts have also recently weighed in on SWKS. Analysts at Stephens upgraded shares of Skyworks Solutions from an equal weight rating to an overweight rating in a research note to investors on Friday. Separately, analysts at Raymond James downgraded shares of Skyworks Solutions from a strong-buy rating to an outperform rating in a research note to investors on Thursday, February 21st. Finally, 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.
Fourteen investment analysts have rated the stock with a buy rating, two have given an overweight rating, and four have given a hold rating to the company’s stock. The company has a consensus rating of overweight and a consensus price target of $30.41.
Shares of Skyworks Solutions traded down 2.25% during mid-day trading on Friday, hitting $20.46. Skyworks Solutions has a 52 week low of $19.21 and a 52 week high of $31.44. The stock’s 50-day moving average is currently $22.39. The company has a market cap of $3.928 billion and a P/E ratio of 19.18.
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