Mizuho Issues Positive Forecast for Skyworks Solutions (NASDAQ:SWKS) Stock Price

by · The Cerbat Gem

Skyworks Solutions (NASDAQ:SWKS – Get Free Report) had its price target hoisted by equities research analysts at Mizuho from $72.00 to $75.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the semiconductor manufacturer’s stock. Mizuho’s target price points to a potential downside of 3.79% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus increased their price objective on shares of Skyworks Solutions from $62.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, May 8th. UBS Group reduced their target price on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. JPMorgan Chase & Co. lowered their price target on shares of Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Barclays boosted their price objective 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. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday, May 8th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $79.06.

View Our Latest Research Report on Skyworks Solutions

Skyworks Solutions Price Performance

Shares of Skyworks Solutions stock traded up $3.44 during trading on Tuesday, hitting $77.96. 1,847,692 shares of the company’s stock traded hands, compared to its average volume of 3,028,207. Skyworks Solutions has a twelve month low of $47.93 and a twelve month high of $120.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.95 and a quick ratio of 3.84. The company has a market cap of $11.70 billion, a PE ratio of 30.59, a PEG ratio of 1.87 and a beta of 1.16. The firm’s fifty day moving average price is $69.67 and its 200 day moving average price is $72.93.

Skyworks Solutions (NASDAQ:SWKS – Get Free Report) last issued its earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. The business 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%. Skyworks Solutions’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.55 EPS. Analysts forecast that Skyworks Solutions will post 3.7 earnings per share for the current year.

Hedge Funds Weigh In On Skyworks Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Skyworks Solutions in the 4th quarter valued at about $29,000. Proficio Capital Partners LLC bought a new stake in Skyworks Solutions in the fourth quarter valued at approximately $2,509,000. Oppenheimer & Co. Inc. raised its stake in Skyworks Solutions by 66.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 3,953 shares of the semiconductor manufacturer’s stock valued at $351,000 after buying an additional 1,578 shares during the period. American Century Companies Inc. lifted its position in shares of Skyworks Solutions by 18.1% in the fourth quarter. American Century Companies Inc. now owns 215,361 shares of the semiconductor manufacturer’s stock valued at $19,098,000 after buying an additional 33,037 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Skyworks Solutions by 30.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,790 shares of the semiconductor manufacturer’s stock worth $1,861,000 after acquiring an additional 6,713 shares during the period. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Company Profile

(Get Free Report)

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.

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