Mizuho Increases Skyworks Solutions (NASDAQ:SWKS) Price Target to $75.00

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) had its target price upped by stock analysts at Mizuho from $72.00 to $75.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the semiconductor manufacturer's stock. Mizuho's price target would suggest a potential downside of 2.80% from the company's previous close.

SWKS has been the topic of a number of other reports. Barclays raised their target price on shares of Skyworks Solutions from $45.00 to $52.00 and gave the stock an "underweight" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. lowered their price objective on shares of Skyworks Solutions from $70.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Needham & Company LLC restated a "hold" rating on shares of Skyworks Solutions in a research note on Thursday, May 8th. UBS Group decreased their target price on shares of Skyworks Solutions from $70.00 to $65.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Finally, Stifel Nicolaus raised their price target on Skyworks Solutions from $62.00 to $72.00 and gave the stock a "hold" rating in a report on Thursday, May 8th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $79.06.

Skyworks Solutions Stock Performance

Shares of SWKS stock traded up $2.64 during mid-day trading on Tuesday, hitting $77.16. 3,271,778 shares of the stock were exchanged, compared to its average volume of 3,037,596. The stock's fifty day simple moving average is $70.05 and its two-hundred day simple moving average is $72.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.84 and a current ratio of 4.95. Skyworks Solutions has a 12-month low of $47.93 and a 12-month high of $120.86. The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of 30.26, a P/E/G ratio of 1.87 and a beta of 1.17.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. The firm had revenue of $953.20 million during the quarter, compared to analysts' expectations of $951.50 million. Skyworks Solutions had a return on equity of 11.53% and a net margin of 10.43%. The business's revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 EPS. On average, analysts forecast that Skyworks Solutions will post 3.7 EPS for the current year.

Institutional Investors Weigh In On Skyworks Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of SWKS. SBI Securities Co. Ltd. acquired a new position in shares of Skyworks Solutions during the 4th quarter worth $29,000. Picton Mahoney Asset Management acquired a new position in Skyworks Solutions during the fourth quarter worth about $33,000. Mattson Financial Services LLC acquired a new position in Skyworks Solutions during the fourth quarter worth about $37,000. MassMutual Private Wealth & Trust FSB increased its holdings in Skyworks Solutions by 60.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer's stock valued at $38,000 after buying an additional 223 shares in the last quarter. Finally, Brown Lisle Cummings Inc. lifted its position in shares of Skyworks Solutions by 450.7% during the 1st quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer's stock valued at $50,000 after acquiring an additional 631 shares during the period. Institutional investors and hedge funds own 85.43% of the company's stock.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.