Skyworks Solutions, Inc. (NASDAQ:SWKS) Receives Average Rating of "Hold" from Brokerages

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Skyworks Solutions, Inc. (NASDAQ:SWKS) has received an average “Hold” rating from 24 brokerages, with an average one-year price target of $70.50. The company reported better-than-expected Q1 earnings with $1.54 EPS and $1.04 billion in revenue, though revenue declined year-over-year. Skyworks also declared a $0.71 quarterly dividend, leading to an annualized yield of 4.8%, and institutional investors have significantly increased their stakes in the company.

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