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Mizuho Securities Sticks to Their Hold Rating for Skyworks Solutions (SWKS)

Tipranks - Tipranks - Wed Feb 4, 8:18PM CST

Mizuho Securities analyst Vijay Rakesh maintained a Hold rating on Skyworks Solutions yesterday and set a price target of $60.00.

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Rakesh covers the Technology sector, focusing on stocks such as Western Digital, Nvidia, and Applied Materials. According to TipRanks, Rakesh has an average return of 44.4% and a 67.61% success rate on recommended stocks.

In addition to Mizuho Securities, Skyworks Solutions also received a Hold from Morgan Stanley’s Joseph Moore in a report issued on February 2. However, yesterday, Craig-Hallum maintained a Buy rating on Skyworks Solutions (NASDAQ: SWKS).

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Based on Skyworks Solutions’ latest earnings release for the quarter ending October 3, the company reported a quarterly revenue of $1.1 billion and a net profit of $141.4 million. In comparison, last year the company earned a revenue of $1.02 billion and had a net profit of $60.5 million

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