Skyworks Reports Q3 FY24 Results
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Skyworks Solutions (SWKS) PT Raised to $120 at JPMorgan
July 31, 2024 5:16 AM EDTJPMorgan analyst Bill Peterson raised the price target on Skyworks Solutions (NASDAQ: SWKS) to $120.00 (from $105.00) while maintaining a Neutral rating.
The analyst comments "Skyworks reported in-line Jun-Qtr results which reflected the expected decline at its largest customer (Apple) on soft demand/inventory adjustments. After several quarters of inventory digestions, the team is seeing encouraging signs of normalizing inventory and order patterns. As a result for the Sep-Qtr guide, the team... More
