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Stock Investors Bid Up Shares of Skyworks Solutions, Up 2.3%

Published on Wed, 03/13/2013 - 12:16
By Peter Chu

Skyworks Solutions (NASDAQ:SWKS) is one of today's biggest movers, up 2.3% to $22.01. The S&P is currently trading fractionally higher to 1,555 and the Dow Jones Industrial Average is trading fractionally higher to 14,464.

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.

Skyworks Solutions share prices have moved between a 52-week high of $31.44 and a 52-week low of $19.21 and are now trading 15% above that low price at $22.01 per share. The 200-day and 50-day moving averages have moved 0.2% lower and 0.39% higher over the past week, respectively.

There is potential upside of 36.9% for shares of Skyworks Solutions based on a current price of $22.01 and an average consensus analyst price target of $30.12. The stock should find resistance at its 200-day moving average (MA) of $24.49, as well as support at its 50-day MA of $21.94.

By Peter Chu