Skyworks Solutions Receives a Buy from D.A. Davidson

By George MacDonald

In a report released today, Thomas Diffely from D.A. Davidson reiterated a Buy rating on Skyworks Solutions (NASDAQ: SWKS), with a price target of $85. The company’s shares opened today at $73.23, close to its 52-week high of $74.97.

Currently, the analyst consensus on Skyworks Solutions is Moderate Buy and the average price target is $71.08, representing a -2.9% downside. In a report published on December 18, Pacific Crest also assigned a Buy rating to the stock with a $90 price target.

Skyworks Solutions` market cap is currently $13.95B and has a P/E ratio of 30.7. The company has a book value ratio of 5.49%.

According to TipRanks, Diffely is a top 100 analyst with an average return of 23.1% and a 84.9% success rate. Diffely covers the Technology sector, focusing on stocks such as Hittite Microwave Corp., Triquint Semiconductor, and RDA Microelectronics.

Skyworks Solutions Inc, together with its consolidated subsidiaries is an innovator of high reliability analog and mixed signal semiconductors.