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Analysts Offer Insights on Technology Companies: Advanced Micro Devices (AMD) and Skyworks Solutions (SWKS)

Tipranks - Thu Feb 5, 9:06AM CST

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Advanced Micro Devices (AMDResearch Report) and Skyworks Solutions (SWKSResearch Report).

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Advanced Micro Devices (AMD)

UBS analyst Timothy Arcuri maintained a Buy rating on Advanced Micro Devices today and set a price target of $310.00. The company’s shares closed last Wednesday at $207.50.

According to TipRanks.com, Arcuri is a top 25 analyst with an average return of 38.4% and a 73.9% success rate. Arcuri covers the Technology sector, focusing on stocks such as ARM Holdings PLC ADR, Allegro MicroSystems, and GlobalFoundries Inc. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Advanced Micro Devices with a $287.63 average price target, representing a 33.8% upside. In a report issued on January 30, Wells Fargo also maintained a Buy rating on the stock with a $345.00 price target.

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Skyworks Solutions (SWKS)

In a report released today, Vivek Arya from Bank of America Securities reiterated a Sell rating on Skyworks Solutions, with a price target of $60.00. The company’s shares closed last Wednesday at $56.96.

According to TipRanks.com, Arya is a 5-star analyst with an average return of 21.0% and a 61.9% success rate. Arya covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Advanced Micro Devices. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Skyworks Solutions with a $64.64 average price target.

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