Skyworks price target raised to $48 from $35 at Brean Capital Brean Capital raised its price target on Skyworks following the Q2 beat and raise. The firm cited strength across all end markets and customers, new products, benign pricing environment, and higher guidance. Shares are Buy rated.
Skyworks price target raised to $95 from $75 at JMP Securities JMP Securities increased its price target on Skyworks (SWKS) as the firm says that its checks indicate that the company is benefiting from strong demand for Apple's (AAPL) iPhone and for Chinese smartphones. The firm thinks the company has a number of other positive catalysts, including rapidly proliferating Internet of Things applications. JMP Securities reiterates an Outperform rating on the shares.
Skyworks price target raised to $75 from $70 at Stephens Stephens believes strength at Apple (AAPL) will continue to benefit Skyworks (SWKS) and the firm also thinks Samsung (SSNLF) will likely ramp some of its new phone models in the March quarter. The firm raised its estimates for Skyworks and increased its price target on the stock to $75 from $70. Stephens maintains its Overweight rating on Skyworks.
Skyworks price target raised to $78 from $72 at Canaccord Canaccord raised its price target on Skyworks to $78 from $72 citing strong network deployments and improving LTE subscriber growth trends. Canaccord reiterated its Buy rating on Skyworks shares.