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10.36 % to Target, Canaccord Reiterates “Buy” Rating for Skyworks (NASDAQ:SWKS) Stock

Canaccord Adams Analyst Rating Change Skyworks NASDAQ:SWKS

Skyworks (NASDAQ:SWKS) Rating Reconfirmed

Skyworks (NASDAQ:SWKS) had its Stock rating noted as “Buy” by analysts at Canaccord. Canaccord currently has a $115.0 TP on the $19.03B market cap company or 10.36 % upside potential. This was revealed in a report on 28 April.

NASDAQ:SWKS is now trading 1.19% higher at $104.20 as of 8:10 AM New York time. Skyworks’s stock is 0% in the past 200 days. It has underperformed the S&P 500, which has risen 11.00% in the same time.

According to data compiled by Thomson Reuters, Skyworks (NASDAQ:SWKS)’s stock is covered by 22 equity analysts across the Street, with 3 analysts giving it a Sell rating, 18 a Buy rating, while 3 consider it a Hold. The 12-month consensus target price for the stock is $81.5, which reflects an downside potential of 21.79% over the current price.

Institutional Ownership

Shearlink Capital Llc had the biggest stake with ownership of 447,203 shares as of Q2 2015 for 10.8% of the long stock exposure. Sarbit Advisory Services Inc. is another bullish investment manager who is possessing 501,000 shares of Skyworks or 8.81% of their long stock exposure. In addition, Villere St Denis J & Co Llc have 4.92% of their long stock exposure invested in the company for 1.05M shares. The North Carolina-based fund Ncm Capital Advisers Inc. disclosed it had acquired a stake worth about 4.84% of the investment manager’s stock portfolio in Skyworks. The Michigan-based fund Provident Investment Management Inc. is also positive about the stock, possessing 21,330 shares or 4.41% of their long stock exposure.

Skyworks (NASDAQ:SWKS) Profile

Skyworks Solutions IncSkyworks Solutions Inc. designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets. Its geographical segments include the United States, Other Americas, China, Taiwan, South Korea, Other Asia-Pacific, Europe, Middle East and Africa.

Skyworks (NASDAQ:SWKS) traded up 1.19% on 28 April, hitting $104.2. A total of 1,250 shares of the company’s stock traded hands. This is down from average of 1.90 million shares. Skyworks has a 52 week low of $57.11 and a 52 week high of $105.34. The company has a market cap of $19.03 billion and a P/E ratio of 22.05.

Get the latest Skyworks (NASDAQ:SWKS) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post 10.36 % to Target, Canaccord Reiterates “Buy” Rating for Skyworks (NASDAQ:SWKS) Stock appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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10.36 % to Target, Canaccord Reiterates “Buy” Rating for Skyworks (NASDAQ:SWKS) Stock

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