Skyworks Solutions, Inc. (SWKS) Rating Reiterated by Mizuho
Skyworks Solutions, Inc. (NASDAQ:SWKS)‘s stock had its “buy” rating reissued by research analysts at Mizuho in a research note issued on Monday. They currently have a $120.00 target price on the semiconductor manufacturer’s stock. Mizuho’s target price would indicate a potential upside of 15.00% from the stock’s previous close.
Several other equities research analysts also recently weighed in on SWKS. Vetr upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $113.68 target price for the company in a research note on Monday, June 12th. Raymond James Financial, Inc. restated an “outperform” rating and issued a $120.00 target price on shares of Skyworks Solutions in a research note on Friday, June 16th. Pacific Crest restated an “overweight” rating and issued a $120.00 target price on shares of Skyworks Solutions in a research note on Wednesday, June 21st. BidaskClub downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, Argus started coverage on shares of Skyworks Solutions in a research note on Thursday, July 6th. They issued a “buy” rating and a $120.00 target price for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $112.02.
Skyworks Solutions (NASDAQ SWKS) opened at 104.35 on Monday. The company has a 50-day moving average of $104.08 and a 200-day moving average of $102.99. Skyworks Solutions has a one year low of $71.65 and a one year high of $112.11. The stock has a market capitalization of $19.17 billion, a price-to-earnings ratio of 20.03 and a beta of 0.89.
Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.05. The company had revenue of $900.80 million during the quarter, compared to the consensus estimate of $890.58 million. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. Skyworks Solutions’s revenue was up 19.8% compared to the same quarter last year. During the same period last year, the firm earned $1.24 earnings per share. On average, equities analysts forecast that Skyworks Solutions will post $6.39 EPS for the current fiscal year.
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In other news, Director Christine King sold 3,705 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total transaction of $395,768.10. Following the completion of the sale, the director now owns 16,641 shares of the company’s stock, valued at $1,777,591.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Liam Griffin sold 13,858 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $102.18, for a total transaction of $1,416,010.44. The disclosure for this sale can be found here. Insiders have sold 28,229 shares of company stock valued at $2,921,104 in the last three months. Corporate insiders own 0.49% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in SWKS. Waldron LP increased its stake in shares of Skyworks Solutions by 5.7% during the first quarter. Waldron LP now owns 3,076 shares of the semiconductor manufacturer’s stock worth $301,000 after purchasing an additional 165 shares in the last quarter. Empire Life Investments Inc. purchased a new stake in shares of Skyworks Solutions during the first quarter worth about $9,031,000. Martingale Asset Management L P purchased a new stake in shares of Skyworks Solutions during the first quarter worth about $218,000. Schroder Investment Management Group increased its stake in shares of Skyworks Solutions by 20,634.0% during the first quarter. Schroder Investment Management Group now owns 10,367 shares of the semiconductor manufacturer’s stock worth $1,017,000 after purchasing an additional 10,317 shares in the last quarter. Finally, Blair William & Co. IL purchased a new stake in shares of Skyworks Solutions during the first quarter worth about $412,000. 80.84% of the stock is owned by institutional investors and hedge funds.
Skyworks Solutions Company Profile
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
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