Oppenheimer initiated coverage on shares of Skyworks Solutions (NASDAQ: SWKS) in a research report sent to investors on Tuesday morning. The firm issued an outperform rating and a $32.00 price target on the stock.
Skyworks Solutions traded down 11.60% on Tuesday, hitting $20.88. 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.. The company has a market cap of $4.009 billion and a price-to-earnings ratio of 21.65.
SWKS has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Canaccord Genuity raised their price target on shares of Skyworks Solutions to $31.00 in a research note to investors on Thursday, January 31st.
Fifteen investment analysts have rated the stock with a buy rating, and five have assigned a hold rating to the company’s stock. Skyworks Solutions has a consensus rating of overweight and an average target price of $30.47.
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