Mizuho reissued their buy rating on shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) in a research note released on Monday morning. They currently have a $120.00 price target on the semiconductor manufacturer’s stock.

SWKS has been the topic of several other research reports. Craig Hallum raised their target price on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a buy rating in a report on Friday, July 21st. Canaccord Genuity reaffirmed a buy rating and issued a $117.00 target price (up previously from $115.00) on shares of Skyworks Solutions in a report on Saturday, July 22nd. Vetr cut shares of Skyworks Solutions from a buy rating to a hold rating and set a $112.42 target price on the stock. in a report on Monday, September 18th. Northland Securities reaffirmed a buy rating and issued a $115.00 target price on shares of Skyworks Solutions in a report on Friday, August 4th. Finally, B. Riley reaffirmed a buy rating and issued a $130.00 target price on shares of Skyworks Solutions in a report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $112.02.

Shares of Skyworks Solutions (NASDAQ:SWKS) opened at 105.47 on Monday. The stock has a 50 day moving average price of $104.15 and a 200-day moving average price of $103.01. The company has a market capitalization of $19.38 billion, a price-to-earnings ratio of 20.24 and a beta of 0.89. Skyworks Solutions has a one year low of $71.65 and a one year high of $112.11.

Skyworks Solutions (NASDAQ:SWKS) last issued 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. The firm had revenue of $900.80 million for the quarter, compared to analysts’ expectations of $890.58 million. Skyworks Solutions had a net margin of 27.86% and a return on equity of 28.67%. The firm’s revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 earnings per share. On average, equities research analysts expect that Skyworks Solutions will post $6.39 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Skyworks Solutions, Inc. (SWKS) Earns “Buy” Rating from Mizuho” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another domain, it was copied illegally and republished in violation of United States and international copyright laws. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/10/12/skyworks-solutions-inc-swks-earns-buy-rating-from-mizuho.html.

In other Skyworks Solutions news, insider Liam Griffin sold 2,610 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $99.98, for a total transaction of $260,947.80. Following the sale, the insider now directly owns 50,408 shares in the company, valued at approximately $5,039,791.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christine King sold 3,705 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total transaction of $395,768.10. Following the sale, the director now owns 16,641 shares in the company, valued at $1,777,591.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,229 shares of company stock worth $2,921,104. 0.49% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Skyworks Solutions by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 18,326,001 shares of the semiconductor manufacturer’s stock worth $1,758,380,000 after purchasing an additional 502,995 shares in the last quarter. BlackRock Inc. boosted its position in shares of Skyworks Solutions by 3,071.2% during the 1st quarter. BlackRock Inc. now owns 12,053,655 shares of the semiconductor manufacturer’s stock worth $1,181,019,000 after purchasing an additional 11,673,555 shares in the last quarter. State Street Corp boosted its position in shares of Skyworks Solutions by 0.5% during the 1st quarter. State Street Corp now owns 7,739,120 shares of the semiconductor manufacturer’s stock worth $758,285,000 after purchasing an additional 38,898 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Skyworks Solutions by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,652,096 shares of the semiconductor manufacturer’s stock worth $254,468,000 after purchasing an additional 95,860 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Skyworks Solutions by 9.6% during the 1st quarter. Geode Capital Management LLC now owns 2,170,250 shares of the semiconductor manufacturer’s stock worth $212,388,000 after purchasing an additional 189,313 shares in the last quarter. Institutional investors own 80.84% of the company’s stock.

About Skyworks Solutions

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.

Analyst Recommendations for Skyworks Solutions (NASDAQ:SWKS)

Receive News & Stock Ratings for Skyworks Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions Inc. and related stocks with our FREE daily email newsletter.