Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Skyworks Solutions (NASDAQ:SWKS) on Thursday, setting a price target of $218, which is approximately 36.30% above the present share price of $159.94.
Rakesh expects Skyworks Solutions to post earnings per share (EPS) of $1.97 for the fourth quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in Skyworks Solutions, with an average price target of $208.1.
The analysts price targets range from a high of $255 to a low of $165.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $1.31 billion and a net profit of $335.9 million. The company's market cap is $26.45 billion.
According to TipRanks.com, Mizuho Securities analyst Vijay Rakesh is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 31.9% and a 73.26% success rate.
Skyworks Solutions, Inc. is a semiconductor company. It engages in designing, manufacturing, and marketing of a broad range of high-performance analog and mixed signal semiconductors that enable wireless connectivity.