Citigroup Upgrades SKYWORKS SOLUTIONS INC COM to Buy with Price Target $65.00

Brokerage firm Citigroup Upgrades its rating on SKYWORKS SOLUTIONS INC COM(NASDAQ:SWKS). In a research note issued to the investors, the brokerage major Lowers the price-target to $65.00 per share. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Citigroup was issued on Jun 9, 2016.

In a different note, CLSA said it Initiates Coverage on SKYWORKS SOLUTIONS INC COM, according to a research note issued on May 25, 2016. The shares have been rated ‘Underperform’ by the firm. On May 16, 2016, Citigroup said it Maintains its rating on SKYWORKS SOLUTIONS INC COM. In the research note, the firm Lowers the price-target to $77.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 19, 2016, Raymond James said it Downgrades its rating on SKYWORKS SOLUTIONS INC COM. The shares have been rated ‘Outperform’ by the firm. Cowen & Company said it Initiates Coverage on SKYWORKS SOLUTIONS INC COM, according to a research note issued on Apr 18, 2016. The shares have been rated ‘Market Perform’ by the firm. On Mar 29, 2016, Citigroup said it Downgrades its rating on SKYWORKS SOLUTIONS INC COM. The shares have been rated ‘Neutral’ by the firm.

SKYWORKS SOLUTIONS INC COM (SWKS) shares turned negative on Wednesdays trading session with the shares closing down -0.02 points or -0.03% at a volume of 15,97,124. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $65.51. The peak price level was also seen at $65.51 while the days lowest was $64.76. Finally the shares closed at $64.99. The 52-week high of the shares is $112.88 while the 52-week low is $54.5. According to the latest information available, the market cap of the company is $12,364 M.

SKYWORKS SOLUTIONS INC COM(SWKS) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $775.10M. Analysts had an estimated revenue of $775.79M. Earnings per share were $1.25. Analysts had estimated an EPS of $1.24.

Several Insider Transactions has been reported to the SEC. On Jun 2, 2016, David J Aldrich (Executive Chairman) sold 15,000 shares at $66.79 per share price.Also, On May 18, 2016, Peter L Gammel (Chief Technology Officer) sold 22,015 shares at $63.85 per share price.On Apr 15, 2016, Liam Griffin (President) sold 2,500 shares at $75.28 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s products include Front-end Modules and Amplifiers Wireless Infrastructure Power Management Precision Analog Components WiFi Connectivity and Smart Energy.

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