Skyworks Solutions Inc (NASDAQ:SWKS) in Spotlight

Skyworks Solutions Inc (NASDAQ:SWKS) (TREND ANALYSIS) announced that their executives are going to present company overview at the Raymond James Institutional Investors Conference. The Raymond James Institutional Investors Conference will be held on March 2, 2015 at 1:40 p.m. at Marriott Orlando Grand Lakes Hotel in Florida.

The presentation can be seen live and will be available for a week following the conference on the “Investor Relations Section” at Skyworks website

Zacks and other Research firms conduct a research on Skyworks Solutions and raised their target share price for Skyworks Solutions ranging from $70.00 to 99.00. One of the researchers gives a sell rating but mostly firms gives a buy rating and two of them give a hold rating. Collectively all firms nearly on the estimate is to buy Skyworks Solutions shares.

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Skyworks Solutions, Inc. (SWKS) reported last quarter earnings on Thursday, January 22. The Semiconductors company announced earning per share of $1.15 against a consensus Street estimate of $1.1, beating the average estimate by $0.05. This corresponds to an increase of $0.57 compared to the same quarter of the previous fiscal year.

Skyworks Solutions, Inc. (NASDAQ:SWKS) is currently trading 2.23% below its 52-week-high, 154.07% above its 52-week-low. The 1-year range for the stock is $32.69 – $84.95. Skyworks Solutions, Inc. (SWKS) has a price to earnings ratio of 28.46 versus Nasdaq average of 17.38. The stock price has outperformed the Nasdaq by 10.8%. SWKS is currently valued at $15.85 billion and closed the last trading session at $83.06. The stock has a 50-day moving average of $78.42 and a 200-day moving average of $63.94.

Skyworks Solutions, Inc. (SWKS) current short interest stands at 5.7 millions shares. It has decreased by 2% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 2.26 millions shares, the number of days required to cover the short positions stand at 2.6 days.

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There are currently twenty-one analysts that cover SWKS. Of those twenty-one, seventeen have a Buy rating, four have a Hold rating. On a consensus basis this yields to a Buy rating. The consensus target price stands at $90.78.

A recent analyst activity consisted of Brean Capital reiterating their Buy stance on January 25. Brean Capital increased their price target on SWKS from $70 to $92. This corresponds to a 10.76% upside from the last closing price.

DA Davidson reiterated their Buy stance on the same day, and increased their price target on SWKS from $85 to $95. This corresponds to a 14.38% upside from the last closing price.

A third research firm was Ascendiant Capital Markets who reiterated their Buy stance on January 23. Ascendiant Capital Markets increased their price target on Skyworks from $70 to $92. This translates to a 10.76% upside from the last closing price. On the date of report, the stock closed at $80.73.

Company profile

Skyworks Solutions, Inc., a wireless semiconductor company, designs and manufactures radio frequency and complete semiconductor system solutions for mobile communications applications. The Company provides front-end modules, radio frequency subsystems, and system solutions to wireless handset and infrastructure customers worldwide.

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