Skyworks price target raised to $58 from $54 at Brean Capital Brean Capital raised its price target on Skyworks to $58 from $54 following its beat and raise results. The firm cited new product opportunities, increased content in RF from emerging markets, and its high margins and free cash flow and keeps a Buy rating on the name.
Skyworks price target raised to $90 from $75 at Pacific Crest Pacific Crest increased its price target on Skyworks (SWKS), citing better than expected handset demand at Apple (AAPL) and Samsung. The firm expects Skyworks' revenue and gross margins to continue rising significantly into 2015. Pacific Crest recommends buying Skyworks.
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.