Wall Street brokerages expect Skyworks Solutions Inc (NASDAQ:SWKS) to post $690.06 million in sales for the current quarter, according to Zacks. Seven analysts have made estimates for Skyworks Solutions’ earnings, with the lowest sales estimate coming in at $690.00 million and the highest estimate coming in at $690.41 million. Skyworks Solutions reported sales of $767.00 million in the same quarter last year, which indicates a negative year-over-year growth rate of 10%. The business is scheduled to issue its next earnings report on Wednesday, August 5th.
According to Zacks, analysts expect that Skyworks Solutions will report full year sales of $3.13 billion for the current year, with estimates ranging from $3.08 billion to $3.17 billion. For the next year, analysts forecast that the company will report sales of $3.39 billion, with estimates ranging from $3.20 billion to $3.56 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Skyworks Solutions.
Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data 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. Skyworks Solutions had a return on equity of 21.89% and a net margin of 24.35%. The company had revenue of $766.10 million for the quarter, compared to the consensus estimate of $765.10 million. During the same period in the previous year, the business earned $1.47 EPS. Skyworks Solutions’s revenue for the quarter was down 5.5% compared to the same quarter last year.
Several equities research analysts have issued reports on SWKS shares. BidaskClub upgraded Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Friday, June 5th. Oppenheimer reiterated a “hold” rating on shares of Skyworks Solutions in a report on Thursday, June 11th. UBS Group boosted their price target on Skyworks Solutions from $94.00 to $99.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Raymond James lowered their price target on Skyworks Solutions from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, April 13th. Finally, Argus boosted their price target on Skyworks Solutions from $112.00 to $146.00 and gave the company a “buy” rating in a report on Thursday, June 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the company. Skyworks Solutions has a consensus rating of “Buy” and an average price target of $123.13.
SWKS stock traded up $2.57 during midday trading on Wednesday, hitting $128.42. 1,732,092 shares of the company’s stock were exchanged, compared to its average volume of 2,154,059. The company has a current ratio of 6.13, a quick ratio of 4.34 and a debt-to-equity ratio of 0.04. Skyworks Solutions has a 12-month low of $67.90 and a 12-month high of $138.22. The firm has a 50 day moving average price of $123.77 and a 200-day moving average price of $110.09. The stock has a market capitalization of $21.43 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st were given a dividend of $0.44 per share. The ex-dividend date was Wednesday, May 20th. This represents a $1.76 dividend on an annualized basis and a yield of 1.37%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 30.82%.
In other news, SVP Robert John Terry sold 2,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $101.00, for a total value of $202,000.00. Following the completion of the sale, the senior vice president now owns 11,024 shares in the company, valued at $1,113,424. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Liam Griffin sold 12,500 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $126.36, for a total value of $1,579,500.00. Following the completion of the sale, the chief executive officer now owns 64,244 shares of the company’s stock, valued at approximately $8,117,871.84. The disclosure for this sale can be found here. Insiders have sold a total of 41,300 shares of company stock valued at $5,305,752 in the last quarter. 0.40% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the company. Certified Advisory Corp lifted its holdings in shares of Skyworks Solutions by 541.3% in the first quarter. Certified Advisory Corp now owns 295 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 249 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of Skyworks Solutions during the first quarter worth $27,000. Royal Fund Management LLC acquired a new stake in shares of Skyworks Solutions during the first quarter worth $33,000. Rockefeller Capital Management L.P. raised 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 purchasing an additional 94 shares during the period. Finally, RMR Wealth Builders acquired a new stake in shares of Skyworks Solutions during the fourth quarter worth $39,000. Institutional investors and hedge funds own 78.96% of the company’s stock.
About Skyworks Solutions
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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