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

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) had its price objective boosted by analysts at UBS Group from $65.00 to $75.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the semiconductor manufacturer's stock. UBS Group's target price points to a potential upside of 1.35% from the stock's previous close.

SWKS has been the subject of a number of other research reports. Needham & Company LLC reiterated a "hold" rating on shares of Skyworks Solutions in a report on Thursday, May 8th. Stifel Nicolaus increased their price target on shares of Skyworks Solutions from $62.00 to $72.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Mizuho increased their price target on shares of Skyworks Solutions from $72.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. The Goldman Sachs Group began coverage on shares of Skyworks Solutions in a research note on Thursday, July 10th. They issued a "sell" rating and a $70.00 price objective on the stock. Finally, Barclays increased their price objective on shares of Skyworks Solutions from $45.00 to $52.00 and gave the company an "underweight" rating in a research note on Thursday, May 8th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $79.65.

Skyworks Solutions Stock Performance

SWKS traded up $1.23 on Monday, reaching $74.00. The company had a trading volume of 224,190 shares, compared to its average volume of 2,995,611. Skyworks Solutions has a 1 year low of $47.93 and a 1 year high of $120.07. The stock has a market capitalization of $11.11 billion, a PE ratio of 29.00, a P/E/G ratio of 1.82 and a beta of 1.17. The company has a quick ratio of 3.84, a current ratio of 4.95 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average price of $72.97 and a 200-day moving average price of $71.57.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, topping 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 net margin of 10.43% and a return on equity of 11.53%. Skyworks Solutions's quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.55 EPS. As a group, research analysts forecast that Skyworks Solutions will post 3.7 EPS for the current fiscal year.

Institutional Trading of Skyworks Solutions

A number of large investors have recently bought and sold shares of the stock. Park Place Capital Corp grew its holdings in shares of Skyworks Solutions by 62.1% during the second quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 141 shares during the last quarter. Mattson Financial Services LLC bought a new stake in shares of Skyworks Solutions during the fourth quarter worth $37,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Skyworks Solutions by 60.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer's stock worth $38,000 after purchasing an additional 223 shares during the last quarter. Brown Lisle Cummings Inc. grew its holdings in shares of Skyworks Solutions by 450.7% during the first quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer's stock worth $50,000 after purchasing an additional 631 shares during the last quarter. Finally, Costello Asset Management INC grew its holdings in shares of Skyworks Solutions by 61.1% during the first quarter. Costello Asset Management INC now owns 791 shares of the semiconductor manufacturer's stock worth $51,000 after purchasing an additional 300 shares during the last quarter. 85.43% of the stock is currently owned by institutional investors.

About Skyworks Solutions

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.