Skyworks Solutions (NASDAQ:SWKS) Given New $90.00 Price Target at Mizuho

Skyworks Solutions (NASDAQ:SWKS) had its price objective hoisted by Mizuho from $76.00 to $90.00 in a research note released on Wednesday, The Fly reports. Mizuho currently has a neutral rating on the semiconductor manufacturer’s stock. The analysts noted that the move was a valuation call.

A number of other equities research analysts have also commented on SWKS. Zacks Investment Research lowered Skyworks Solutions from a hold rating to a sell rating and set a $85.00 price target on the stock. in a research report on Wednesday, August 7th. Barclays lowered Skyworks Solutions from an overweight rating to an equal weight rating and raised their price target for the stock from $75.00 to $80.00 in a research report on Thursday, July 18th. BidaskClub raised Skyworks Solutions from a buy rating to a strong-buy rating in a research report on Wednesday, October 30th. Needham & Company LLC reaffirmed a buy rating and set a $95.00 price target on shares of Skyworks Solutions in a research report on Thursday, October 17th. Finally, Raymond James raised Skyworks Solutions from a market perform rating to an outperform rating and set a $90.00 target price on the stock in a research report on Thursday, July 18th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $99.92.

Skyworks Solutions stock traded up $0.67 during mid-day trading on Wednesday, hitting $99.42. The stock had a trading volume of 2,686,200 shares, compared to its average volume of 2,140,022. The stock has a market capitalization of $16.96 billion, a PE ratio of 17.41, a P/E/G ratio of 1.44 and a beta of 1.06. The stock has a 50-day simple moving average of $88.74 and a two-hundred day simple moving average of $80.49. Skyworks Solutions has a 12 month low of $60.12 and a 12 month high of $102.87.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.02. The company had revenue of $827.00 million for the quarter, compared to analyst estimates of $824.01 million. Skyworks Solutions had a return on equity of 24.41% and a net margin of 25.28%. Skyworks Solutions’s revenue was down 18.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.94 earnings per share. Research analysts forecast that Skyworks Solutions will post 5.84 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a $0.44 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.76 dividend on an annualized basis and a yield of 1.77%. Skyworks Solutions’s dividend payout ratio is 30.82%.

In other Skyworks Solutions news, SVP Robert John Terry sold 3,250 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $79.68, for a total value of $258,960.00. Following the completion of the transaction, the senior vice president now directly owns 15,326 shares in the company, valued at $1,221,175.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David J. Aldrich sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $99.35, for a total value of $993,500.00. Following the completion of the transaction, the director now owns 213,032 shares of the company’s stock, valued at $21,164,729.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 74,884 shares of company stock valued at $7,259,277. Corporate insiders own 0.64% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Lenox Wealth Management Inc. boosted its stake in shares of Skyworks Solutions by 1.2% during the 3rd quarter. Lenox Wealth Management Inc. now owns 8,477 shares of the semiconductor manufacturer’s stock worth $671,000 after acquiring an additional 103 shares during the period. Orrstown Financial Services Inc. boosted its stake in shares of Skyworks Solutions by 9.0% during the 3rd quarter. Orrstown Financial Services Inc. now owns 1,633 shares of the semiconductor manufacturer’s stock worth $123,000 after acquiring an additional 135 shares during the period. Parallel Advisors LLC boosted its stake in shares of Skyworks Solutions by 10.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,482 shares of the semiconductor manufacturer’s stock worth $115,000 after acquiring an additional 136 shares during the period. Rowland & Co. Investment Counsel ADV boosted its stake in shares of Skyworks Solutions by 1.1% during the 3rd quarter. Rowland & Co. Investment Counsel ADV now owns 13,443 shares of the semiconductor manufacturer’s stock worth $1,062,000 after acquiring an additional 150 shares during the period. Finally, Duncker Streett & Co. Inc. boosted its stake in shares of Skyworks Solutions by 1.5% during the 3rd quarter. Duncker Streett & Co. Inc. now owns 11,119 shares of the semiconductor manufacturer’s stock worth $881,000 after acquiring an additional 159 shares during the period. Hedge funds and other institutional investors own 82.01% of the company’s stock.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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