Charter Equity Believes SWKS Won’t Stop HereBy Ryan Adsit
According to TipRanks.com, Snyder is a 4-star analyst with an average return of 24.0% and a 57.1% success rate. Snyder covers the Technology sector, focusing on stocks such as Motorola Solutions, Texas Instruments, and Broadcom Ltd.
Currently, the analyst consensus on Skyworks Solutions is Strong Buy and the average price target is $97.38, representing a -0.6% downside.
In a report issued on March 9, Wells Fargo also initiated coverage with a Buy rating on the stock with a $109 price target.
Based on Skyworks Solutions’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $914 million and quarterly net profit of $258 million. In comparison, last year the company earned revenue of $927 million and had a net profit of $355 million.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. Last month, David Aldrich, the Chairman & CEO of SWKS sold 55,000 shares for a total of $5,018,850.
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. engages in the design, development, and manufacture of proprietary semiconductor products. Its product portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, synthesizers, power dividers and combiners, power management devices, receivers, switches, and technical ceramics. The company was founded in 1962 and is headquartered in Woburn, MA.