Time for Investors to Take the Plunge on Skyworks Solutions Inc. (NASDAQ:SWKS)

Equity Research firms currently have a positive stance on shares of Skyworks Solutions Inc. (NASDAQ:SWKS). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.20. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $83.17 on a short term basis.

At the time of writing, the stock was trading at $76.46. This represents a change from the opening price of 1.41%. In terms of performance, year to date, the stock is -0.71%. The monthly stock performance comes in at 0.32%. For the quarter, shares are performing at 28.61%. Weekly performance analysis shows the equity at 3.45%.

In taking a look at technical levels, shares are trading 7.44% away from the 50 day simple moving average and 11.40% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -12.53% away from it’s 52- week high and 41.46% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Skyworks Solutions Inc.’s RSI stands at 59.19. In looking at volatility levels, the shares saw weekly volatility of 2.68% and 3.06% over the past month.

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