Skyworks Solutions (SWKS) Raises Quarterly Dividend 100% to $0.26; 1% Yield

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Skyworks (SWKS) Price Target Raised to $125 at BofA/ML

June 19, 2015 10:37 AM EDT

BofA/Merrill Lynch maintained a Buy rating on Skyworks Solutions (NASDAQ: SWKS) and raised its price target to $125.00 (from $115.00). Analyst Vivek Arya has increased confidence in trends in the second half of the year following a 100% dividend increase. The analyst sees multiple expansion given... More