Skyworks Solutions, Inc. (SWKS) Upgraded to Buy at DA Davidson

Skyworks Solutions, Inc. (SWKS) has been upgraded today by the securities research analysts at investment firm DA Davidson which raised Skyworks Solutions from a “neutral” rating to “buy.”  Davidson also heightened their performance outlook for Skyworks and adjusted their price target from $25 to $30 dollars.  Davidson noted that the Chinese market should allow Skyworks to meet their FQ3 revenue guidance.

SWKS outstripped yesterday’s entire intraday range today during the normal market session after beginning to the downside at the open.  SWKS has made steady bullish progress after rebounding from June 21st’s low of $21.41 and set a new intermediate high today with continued bullish momentum.

Skyworks Solutions is slated to release their next earnings report on July 21st, 2011, and the current consensus EPS estimate is expected to be 46 cents.  Skywork’s last earnings report was released on April 28th, 2011, and announced EPS of 41 cents with revenue totaling $325.4 million which was up 36.7% year to year.  SWKS is currently trading below its 50 & 200-day moving averages and 2011 is currently a down year for the company.

Skyworks Solutions, Inc. is an innovator of high reliability analog and mixed signal semiconductors.  The company has market capitalization of $4,403,322,550 and 186,187,000 shares outstanding.  SWKS has a 52-week high of $37.82 with the low being $16.14 dollars.

Latest News

Genesis Energy, L.P.  Expected to Announce Quarterly Sales of $756.53 Million
Genesis Energy, L.P. Expected to Announce Quarterly Sales of $756.53 Million
Duluth  Cut to Buy at BidaskClub
Duluth Cut to Buy at BidaskClub
BidaskClub Lowers Astec Industries  to Sell
BidaskClub Lowers Astec Industries to Sell
Industrial Logistics Properties Trust  Lowered to Sell at Zacks Investment Research
Industrial Logistics Properties Trust Lowered to Sell at Zacks Investment Research
Korea Electric Power  Upgraded to Hold at Zacks Investment Research
Korea Electric Power Upgraded to Hold at Zacks Investment Research
ENI  Given a €17.00 Price Target by Deutsche Bank Analysts
ENI Given a €17.00 Price Target by Deutsche Bank Analysts


© 2006-2018 Ticker Report