Mizuho Trims Skyworks Solutions (NASDAQ:SWKS) Target Price to $115.00

Skyworks Solutions (NASDAQ:SWKS) had its target price cut by Mizuho from $125.00 to $115.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. Mizuho’s price target would suggest a potential upside of 24.31% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. KeyCorp cut shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Monday, April 8th. Benchmark cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus dropped their price objective on shares of Skyworks Solutions from $122.00 to $112.00 and set a “buy” rating for the company in a report on Wednesday. Rosenblatt Securities dropped their price objective on shares of Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday. Finally, TD Cowen cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating and dropped their price objective for the company from $125.00 to $90.00 in a report on Wednesday. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $108.86.

Skyworks Solutions Trading Up 3.1 %

Shares of SWKS traded up $2.79 during trading on Wednesday, reaching $92.51. 3,562,484 shares of the company traded hands, compared to its average volume of 2,422,731. Skyworks Solutions has a twelve month low of $85.06 and a twelve month high of $115.69. The stock has a market cap of $14.82 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.67 and a beta of 1.35. The stock has a 50-day simple moving average of $103.64 and a 200-day simple moving average of $101.82. The company has a quick ratio of 3.51, a current ratio of 2.79 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.02. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Skyworks Solutions had a net margin of 18.85% and a return on equity of 17.00%. The business’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period last year, the business earned $2.33 earnings per share. On average, analysts anticipate that Skyworks Solutions will post 5.65 earnings per share for the current year.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Liam Griffin purchased 11,142 shares of Skyworks Solutions stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the transaction, the chief executive officer now directly owns 104,153 shares in the company, valued at $9,373,770. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is owned by insiders.

Hedge Funds Weigh In On Skyworks Solutions

Several institutional investors have recently bought and sold shares of SWKS. BNP Paribas acquired a new position in Skyworks Solutions in the 1st quarter valued at $27,000. Global Wealth Management Investment Advisory Inc. grew its stake in shares of Skyworks Solutions by 98.1% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 155 shares during the period. Access Investment Management LLC acquired a new position in shares of Skyworks Solutions during the 1st quarter worth $31,000. Milestone Investment Advisors LLC acquired a new position in shares of Skyworks Solutions during the 3rd quarter worth $34,000. Finally, ST Germain D J Co. Inc. grew its stake in shares of Skyworks Solutions by 60.5% during the 1st quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock worth $37,000 after purchasing an additional 130 shares during the period. 85.43% of the stock is owned by institutional investors and hedge funds.

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.