Skywork (SWKS) PT, Estimates Lifted at BofA/Merrill Lynch on Strong Q4 and Guidance
Get Alerts SWKS Hot Sheet
Rating Summary:
26 Buy, 19 Hold, 2 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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BofA/Merrill Lynch analyst Vivek Arya reiterated a Buy rating and boosted his price target on Skyworks Solutions (NASDAQ: SWKS) to $75.00 (from $65.00) following solid Q4 results and Q1 guidance which implies 52% YoY sales growth and is $30mn/8c
above-consensus sales/EPS est.
"Channels remain lean and inventory build suggests good multi-quarter visibility," the analyst said.
The firm raised FY15/16E EPS by 8% each to $4.51/$5.02.
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 $62.14 yesterday.
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