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Barclays Reaffirms Their Hold Rating on Skyworks Solutions (SWKS)

Tipranks - Tipranks - Wed Mar 4, 4:06AM CST

In a report released today, Thomas O’Malley from Barclays maintained a Hold rating on Skyworks Solutions, with a price target of $60.00.

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According to TipRanks, O’Malley is a 5-star analyst with an average return of 31.2% and a 59.04% success rate. O’Malley covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and Cirrus Logic.

In addition to Barclays, Skyworks Solutions also received a Hold from TipRanks – Google’s Google Semiconductors in a report issued on February 12. However, on the same day, TipRanks – DeepSeek upgraded Skyworks Solutions (NASDAQ: SWKS) to a Buy.

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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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