Skyworks Solutions (NASDAQ:SWKS) Given New $65.00 Price Target at Mizuho

Skyworks Solutions (NASDAQ:SWKS) had its price objective boosted by Mizuho from $60.00 to $65.00 in a research note published on Wednesday morning,MarketScreener reports. The brokerage currently has an underperform rating on the semiconductor manufacturer’s stock.

SWKS has been the topic of a number of other research reports. Cfra set a $90.00 price objective on shares of Skyworks Solutions in a report on Tuesday, October 28th. Citigroup upgraded shares of Skyworks Solutions from a “sell” rating to a “neutral” rating and upped their price objective for the company from $66.00 to $105.00 in a research note on Wednesday, October 29th. UBS Group raised Skyworks Solutions to a “positive” rating in a research report on Wednesday, October 29th. Cfra Research upgraded Skyworks Solutions from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, October 28th. Finally, Morgan Stanley increased their price target on Skyworks Solutions from $65.00 to $89.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Skyworks Solutions has an average rating of “Hold” and a consensus price target of $83.94.

Skyworks Solutions Trading Up 2.0%

NASDAQ:SWKS opened at $73.46 on Wednesday. The stock has a 50-day simple moving average of $75.82 and a 200-day simple moving average of $72.85. The stock has a market cap of $10.90 billion, a P/E ratio of 29.38 and a beta of 1.21. Skyworks Solutions has a 1 year low of $47.93 and a 1 year high of $95.46. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.39.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Wednesday, November 5th. The semiconductor manufacturer reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.23. Skyworks Solutions had a return on equity of 11.77% and a net margin of 9.88%.During the same quarter in the previous year, the company posted $1.55 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. As a group, analysts anticipate that Skyworks Solutions will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Tuesday, November 18th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, November 18th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 88.75%.

Hedge Funds Weigh In On Skyworks Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in SWKS. Park Place Capital Corp lifted its position in shares of Skyworks Solutions by 62.1% during the 2nd quarter. Park Place Capital Corp now owns 368 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 141 shares during the period. Financiere des Professionnels Fonds d investissement inc. lifted its position in shares of Skyworks Solutions by 1.2% during the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 12,738 shares of the semiconductor manufacturer’s stock valued at $981,000 after acquiring an additional 145 shares during the period. Horizon Investments LLC lifted its position in shares of Skyworks Solutions by 2.8% during the 1st quarter. Horizon Investments LLC now owns 5,395 shares of the semiconductor manufacturer’s stock valued at $349,000 after acquiring an additional 146 shares during the period. Wedmont Private Capital grew its holdings in Skyworks Solutions by 5.8% in the third quarter. Wedmont Private Capital now owns 2,775 shares of the semiconductor manufacturer’s stock valued at $206,000 after purchasing an additional 151 shares during the last quarter. Finally, Unison Advisors LLC grew its holdings in Skyworks Solutions by 0.9% in the third quarter. Unison Advisors LLC now owns 18,031 shares of the semiconductor manufacturer’s stock valued at $1,388,000 after purchasing an additional 164 shares during the last quarter. 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.