Analysts expect Skyworks Solutions Inc (NASDAQ:SWKS) to post earnings of $1.13 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Skyworks Solutions’ earnings. Skyworks Solutions posted earnings per share of $1.35 during the same quarter last year, which indicates a negative year over year growth rate of 16.3%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, August 5th.
According to Zacks, analysts expect that Skyworks Solutions will report full-year earnings of $5.55 per share for the current fiscal year, with EPS estimates ranging from $5.43 to $5.65. For the next fiscal year, analysts forecast that the business will post earnings of $6.36 per share, with EPS estimates ranging from $5.70 to $6.83. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that cover Skyworks Solutions.
Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Monday, May 4th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.01. The firm had revenue of $766.10 million for the quarter, compared to the consensus estimate of $765.10 million. Skyworks Solutions had a net margin of 24.35% and a return on equity of 21.89%. The business’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.47 earnings per share.
Several research analysts have recently issued reports on the stock. Morgan Stanley upped their target price on shares of Skyworks Solutions from $90.00 to $124.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 16th. Citigroup boosted their price objective on shares of Skyworks Solutions from $95.00 to $102.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. B. Riley boosted their price objective on shares of Skyworks Solutions from $125.00 to $165.00 in a report on Monday, June 8th. BidaskClub raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Friday, June 5th. Finally, Oppenheimer reissued a “hold” rating on shares of Skyworks Solutions in a report on Thursday, June 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $123.13.
In other news, Director P Mcglade David sold 21,800 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $134.14, for a total value of $2,924,252.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert John Terry sold 2,000 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $101.00, for a total transaction of $202,000.00. Following the completion of the sale, the senior vice president now directly owns 11,024 shares of the company’s stock, valued at $1,113,424. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,300 shares of company stock valued at $5,305,752. Corporate insiders own 0.40% of the company’s stock.
Several large investors have recently modified their holdings of SWKS. McIlrath & Eck LLC boosted its position in shares of Skyworks Solutions by 128.3% during the fourth quarter. McIlrath & Eck LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 118 shares during the last quarter. Certified Advisory Corp boosted its position in shares of Skyworks Solutions by 541.3% during the first quarter. Certified Advisory Corp now owns 295 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 249 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of Skyworks Solutions during the first quarter worth $27,000. Royal Fund Management LLC bought a new position in shares of Skyworks Solutions during the first quarter worth $33,000. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Skyworks Solutions by 31.0% during the first quarter. Rockefeller Capital Management L.P. now owns 397 shares of the semiconductor manufacturer’s stock worth $35,000 after acquiring an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 78.96% of the company’s stock.
Shares of NASDAQ SWKS traded up $2.57 during midday trading on Monday, hitting $128.42. The stock had a trading volume of 1,732,092 shares, compared to its average volume of 2,154,059. The business’s 50 day moving average is $123.77 and its 200-day moving average is $110.09. The company has a market cap of $21.43 billion, a P/E ratio of 27.86, a PEG ratio of 2.17 and a beta of 1.25. Skyworks Solutions has a 52 week low of $67.90 and a 52 week high of $138.22. The company has a quick ratio of 4.34, a current ratio of 6.13 and a debt-to-equity ratio of 0.04.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st were paid a $0.44 dividend. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.37%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 30.82%.
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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