Skyworks Solutions (NASDAQ:SWKS): The stock price is expected to reach $ 86.17 in the short term. The number of analysts agreeing with this consensus is 18. The higher estimate for the short term price target is at $100 while the lower estimate is at $69. The standard deviation of the price stands at $9.97.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Citigroup upgrades its rating on Skyworks Solutions (NASDAQ:SWKS). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at Citigroup lowers the price target from $69.5 per share to $65 per share. The rating by the firm was issued on June 9, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities,The director officer (Executive Chairman) of Skyworks Solutions, Inc., Aldrich David J sold 15,000 shares at $66.73 on June 7, 2016. The Insider selling transaction had a total value worth of $1,000,950. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Skyworks Solutions (NASDAQ:SWKS) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.59 points or 0.9% at $64.96 with 1,252,998 shares getting traded. Post opening the session at $65.02, the shares hit an intraday low of $64.821 and an intraday high of $66.13 and the price was in this range throughout the day. The company has a market cap of $12,358 million and the number of outstanding shares have been calculated to be 190,238,140 shares. The 52-week high of Skyworks Solutions (NASDAQ:SWKS) is $112.88 and the 52-week low is $54.5.
Skyworks Solutions Inc. is engaged in the production of analog semiconductors. The Company supports automotive, broadband, wireless infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Companys portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency (RF) subsystems, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, phase locked loops (PLLs), synthesizers, voltage controlled oscillator power dividers (VCOs), power dividers/combiners, power management devices, receivers, switches, and technical ceramics. The Companys products include Front-end Modules and Amplifiers, Wireless Infrastructure, Power Management, Precision Analog Components, WiFi Connectivity, and Smart Energy.