Drexel Hamilton Reiterates Buy as Skyworks Solutions (SWKS) Names New CFO

August 30, 2016 8:53 AM EDT
Get Alerts SWKS Hot Sheet
Price: $88.67 +13.01%

Rating Summary:
    24 Buy, 7 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Drexel Hamilton reiterated a Buy rating and $90.00 price target on Skyworks Solutions (NASDAQ: SWKS) following the company's announced retirement of its CFO, Don Palette. SWKS also announced that Kris Sennesael has been appointed as the company's new Chief Financial Officer.

Analyst Cody Acree commented, "With a new CEO and CFO, we believe the company is transitioning well to its next generation of management, which should be able to continue the firm’s history of industry leading execution, capitalizing on the growth of RF dollar content across many applications."

For an analyst ratings summary and ratings history on Skyworks Solutions click here. For more ratings news on Skyworks Solutions click here.

Shares of Skyworks Solutions closed at $75.22 yesterday.

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