Skyworks Solutions, Inc. (NASDAQ:SWKS) Price Target Raised to $120.00 at Mizuho
Skyworks Solutions, Inc. (NASDAQ:SWKS) had its price objective raised by equities researchers at Mizuho from $115.00 to $120.00 in a note issued to investors on Friday, StockTargetPrices.com reports. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. Mizuho’s price target would suggest a potential upside of 11.48% from the stock’s current price.
Several other research firms also recently commented on SWKS. B. Riley reaffirmed a “buy” rating and issued a $120.00 price target on shares of Skyworks Solutions in a research note on Wednesday, May 3rd. Vetr raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating and set a $116.28 target price on the stock in a research report on Tuesday. KeyCorp reissued an “overweight” rating and set a $120.00 target price on shares of Skyworks Solutions in a research report on Wednesday, July 12th. Argus assumed coverage on shares of Skyworks Solutions in a research report on Thursday, July 6th. They set a “buy” rating and a $120.00 target price on the stock. Finally, BidaskClub raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $103.33.
Skyworks Solutions (SWKS) opened at 107.64 on Friday. Skyworks Solutions has a 12 month low of $62.40 and a 12 month high of $112.11. The stock has a market cap of $19.86 billion, a PE ratio of 22.19 and a beta of 0.81. The company has a 50-day moving average of $102.89 and a 200-day moving average of $97.40.
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. Skyworks Solutions had a net margin of 27.27% and a return on equity of 28.00%. The business had revenue of $900.80 million for the quarter, compared to the consensus estimate of $890.58 million. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. On average, equities analysts forecast that Skyworks Solutions will post $6.32 EPS for the current fiscal year.
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In related news, insider Liam Griffin sold 21,000 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $100.25, for a total value of $2,105,250.00. Following the completion of the sale, the insider now owns 74,782 shares of the company’s stock, valued at approximately $7,496,895.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christine King sold 3,500 shares of the business’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $108.84, for a total transaction of $380,940.00. Following the completion of the sale, the director now directly owns 16,436 shares of the company’s stock, valued at approximately $1,788,894.24. The disclosure for this sale can be found here. In the last three months, insiders sold 93,458 shares of company stock valued at $9,512,091. 0.49% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of the company. Invictus RG acquired a new stake in shares of Skyworks Solutions during the first quarter valued at about $101,000. Winslow Evans & Crocker Inc. boosted its stake in shares of Skyworks Solutions by 5.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the semiconductor manufacturer’s stock valued at $103,000 after buying an additional 50 shares during the period. Tompkins Financial Corp acquired a new stake in shares of Skyworks Solutions during the first quarter valued at about $107,000. WFG Advisors LP boosted its stake in shares of Skyworks Solutions by 18.6% in the first quarter. WFG Advisors LP now owns 1,155 shares of the semiconductor manufacturer’s stock valued at $113,000 after buying an additional 181 shares during the period. Finally, TrimTabs Asset Management LLC boosted its stake in shares of Skyworks Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,410 shares of the semiconductor manufacturer’s stock valued at $138,000 after buying an additional 664 shares during the period. 81.27% of the stock is owned by institutional investors.
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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