Skyworks Solutions Receives a Hold from BMO Capital

By Austin Angelo

BMO Capital analyst Ambrish Srivastava reiterated a Hold rating on Skyworks Solutions (NASDAQ: SWKS) today and set a price target of $70. The company’s shares opened today at $72.60.

According to, Srivastava is a 5-star analyst with an average return of 9.5% and a 72.0% success rate. Srivastava covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Applied Micro Circ., and Samsung Electronics.

Currently, the analyst consensus on Skyworks Solutions is Strong Buy and the average price target is $87.27, representing a 20.2% upside.

In a report issued on October 24, J.P. Morgan also initiated coverage with a Hold rating on the stock with a $88 price target.

Skyworks Solutions’ market cap is currently $14B and has a P/E ratio of 14.79. The company has a book value ratio of 3.9839.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2016, Timothy Furey, a Director at SWKS sold 5,000 shares for a total of $374,350.

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.