Benzinga's Top Initiations

Analysts at CLSA initiated coverage on Skyworks Solutions Inc SWKS with a Underperform rating. Skyworks Solutions shares rose 0.39 percent to $66.72 in pre-market trading. Analysts at Ladenburg Thalmann initiated coverage on Monotype Imaging Holdings Inc. TYPE with a Buy rating. The target price for Monotype Imaging Holdings is set to $29. Monotype shares rose 1.11 percent to $23.77 in pre-market trading. Craig-Hallum initiated coverage on MGP Ingredients Inc MGPI with a Buy rating. MGP Ingredients shares gained 1.70 percent to $28.70 in pre-market trading. CLSA initiated coverage on Qorvo Inc QRVO with a Underperform rating. Qorvo shares rose 0.04 percent to $51.00 in pre-market trading. Analysts at CLSA initiated coverage on ON Semiconductor Corp ON with a Outperform rating. ON Semiconductor shares closed at $9.38 on Tuesday.