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Skyworks Solutions (SWKS) Receives a Rating Update from a Top Analyst

Tipranks - Tipranks - Thu May 7, 3:56AM CDT

Barclays analyst Thomas O’Malley maintained a Buy rating on Skyworks Solutions today and set a price target of $70.00.

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According to TipRanks, O’Malley is a top 100 analyst with an average return of 41.5% and a 66.82% success rate. O’Malley covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Nvidia, and Applied Materials.

In addition to Barclays, Skyworks Solutions also received a Buy from KeyBanc’s John Vinh in a report issued today. However, on the same day, TD Cowen assigned a Hold rating to Skyworks Solutions (NASDAQ: SWKS).

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Based on Skyworks Solutions’ latest earnings release for the quarter ending January 2, the company reported a quarterly revenue of $1.04 billion and a net profit of $79.2 million. In comparison, last year the company earned a revenue of $1.07 billion and had a net profit of $162 million

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