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Skyworks Solutions In Retrospect: Shares Up 0.7% Since Upgraded One Week Ago (SWKS)

Published on Fri, 03/01/2013 - 10:13
By Adrienne Chilton

One week ago Skyworks Solutions (NASDAQ:SWKS) was upgraded from Equal Weight to Overweight at Stephens. The stock closed at $21.30, which is 0.7% higher than the price one week ago ($21.16).

Skyworks Solutions, Inc., a wireless semiconductor company, designs and manufactures radio frequency and complete semiconductor system solutions for mobile communications applications. The Company provides front-end modules, radio frequency subsystems, and system solutions to wireless handset and infrastructure customers worldwide.

In the past 52 weeks, shares of Skyworks Solutions have traded between a low of $19.21 and a high of $31.44 and are now at $20.76, which is 8% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.2%.

Skyworks Solutions has overhead space with shares priced $20.76, or 31.5% below the average consensus analyst price target of $30.31. The stock should run into initial resistance at its 50-day moving average (MA) of $21.84 and subsequent resistance at its 200-day MA of $24.65.

By Adrienne Chilton
achilton@fnno.com