Skyworks downgraded to Hold from Buy at Standpoint Research » 09:3108/0308/03/20
Standpoint Research analyst Ronnie Moas downgraded Skyworks to Hold from Buy.
|Over a week ago|
Skyworks price target raised to $170 from $165 at B. Riley FBR » 09:1907/2407/24/20
B. Riley FBR analyst…
B. Riley FBR analyst Craig Ellis raised the firm's price target on Skyworks Solutions to $170 from $165 and reiterates a Buy rating on the shares following the company's fiscal Q3 results. The quarter validated Skyworks' strong positioning as the 5G era begins, Ellis tells investors in a research note. He believes the "positives firmly outweighed negatives," though notes the stock pulled back post the print following the recent gains.
Skyworks price target raised to $150 from $120 at Craig-Hallum » 08:3507/2407/24/20
Craig-Hallum analyst Anthony Stoss raised the firm's price target on Skyworks to $150 from $120 and keeps a Buy rating on the shares following the company's quarterly results. Stoss believes 5G is at an inflection point and with 5G set to drive content expansion as well as expand across multiple markets outside of mobile such as industrial, auto and IoT, providing a significant tailwind to Skyworks for years to come.
Skyworks price target raised to $145 from $125 at Baird » 07:5607/2407/24/20
Baird analyst Tristan…
Baird analyst Tristan Gerra raised the firm's price target on Skyworks to $145 from $125 and keeps an Outperform rating on the shares. The analyst expects continued revenue momentum in the December quarter and into next year driven by increases and market share gains, and a return to positive year-over-year comps.
Skyworks price target raised to $155 from $120 at Benchmark » 06:5407/2407/24/20
Benchmark analyst Ruben…
Benchmark analyst Ruben Roy raised the firm's price target on Skyworks to $155 from $120 and keeps a Buy rating on the shares following the company's fiscal Q3 results. Skyworks projects strong year-over-year revenue growth through the rest of the calendar year as 5G product ramps are now beginning in earnest, noted Roy, who sees the company as a longer-term beneficiary of increasing RF content in the mobile and broader end markets.
Skyworks price target raised to $145 from $127 at Mizuho » 06:5307/2407/24/20
Mizuho analyst Vijay…
Mizuho analyst Vijay Rakesh raised the firm's price target on Skyworks to $145 from $127 and keeps a Buy rating on the shares following the company's "good" June quarter results. Skyworks reiterated optimism on a strong second half of 2020 with 5G and WiFi6 strength and accelerating growth in Broad Markets, Rakesh tells investors in a research note.
Skyworks price target raised to $155 from $145 at Wells Fargo » 06:4307/2407/24/20
Wells Fargo analyst Gary…
Wells Fargo analyst Gary Mobley raised the firm's price target on Skyworks to $155 from $145 and keeps an Overweight rating on the shares following better-than-expected Q3 results and Q4 guidance that exceeded prior consensus views. The analyst has higher confidence the early innings of the 5G product cycle should begin to shine later this year, when 5G units really hit the knee of the upward curve and as mobile handset sales normalize in 2H.
Fly Intel: After-Hours Movers » 18:4007/2307/23/20
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Skyworks raises quarterly dividend 14% to 50c per share » 16:0307/2307/23/20
Skyworks' Board of…
Skyworks' Board of Directors has declared a cash dividend of $0.50 per share of the Company's common stock, representing a 14 percent increase from the prior quarterly dividend of $0.44 per share. The dividend is payable on Sept. 1, 2020, to stockholders of record at the close of business on Aug. 11, 2020.
Skyworks sees Q4 adjusted EPS $1.51, consensus $1.47 » 16:0207/2307/23/20
Sees Q4 revenue…
Sees Q4 revenue $830M-$850M, consensus $809.52M. "Looking ahead to the fourth fiscal quarter, we expect double-digit sequential revenue and earnings per share growth driven by the strong demand for our market-leading solutions," said Kris Sennesael, senior vice president and chief financial officer of Skyworks. "Specifically, in the fourth fiscal quarter of 2020, we anticipate revenue to be between $830 million and $850 million with non-GAAP diluted earnings per share of $1.51 at the midpoint of our revenue range. Further, given our confidence in Skyworks' strategic outlook and strong cash flow generation, we are announcing another substantial raise to our quarterly dividend."