Analysts expect Skyworks Solutions Inc (NASDAQ:SWKS) to report earnings of $1.42 per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Skyworks Solutions’ earnings. Skyworks Solutions posted earnings per share of $1.15 during the same quarter last year, which indicates a positive year over year growth rate of 23.5%. The company is expected to announce its next earnings report on Thursday, July 20th.
On average, analysts expect that Skyworks Solutions will report full year earnings of $5.89 per share for the current year, with EPS estimates ranging from $5.86 to $5.93. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Skyworks Solutions.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Thursday, April 27th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.03. Skyworks Solutions had a return on equity of 27.80% and a net margin of 27.40%. The business had revenue of $851.70 million during the quarter, compared to analyst estimates of $840.43 million. During the same quarter in the previous year, the company posted $1.25 earnings per share. Skyworks Solutions’s revenue for the quarter was up 9.9% on a year-over-year basis.
A number of research firms have weighed in on SWKS. Barclays PLC lifted their price objective on Skyworks Solutions to $144.00 in a research note on Monday, March 13th. Canaccord Genuity lifted their price objective on Skyworks Solutions from $96.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, March 6th. MKM Partners reiterated a “buy” rating and set a $109.00 price objective on shares of Skyworks Solutions in a research note on Wednesday, February 22nd. Charter Equity reiterated a “buy” rating on shares of Skyworks Solutions in a research note on Monday, March 20th. Finally, Craig Hallum lifted their price objective on Skyworks Solutions from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, April 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Skyworks Solutions currently has an average rating of “Buy” and an average target price of $100.60.
In other news, insider Peter L. Gammel sold 1,500 shares of Skyworks Solutions stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $97.92, for a total transaction of $146,880.00. Following the sale, the insider now owns 17,605 shares of the company’s stock, valued at approximately $1,723,881.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Robert John Terry sold 3,233 shares of Skyworks Solutions stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $100.26, for a total transaction of $324,140.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 91,458 shares of company stock worth $9,278,031. Corporate insiders own 0.62% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Invictus RG purchased a new stake in Skyworks Solutions during the first quarter valued at approximately $101,000. Winslow Evans & Crocker Inc. raised its stake in Skyworks Solutions by 5.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the semiconductor manufacturer’s stock valued at $103,000 after buying an additional 50 shares during the last quarter. WFG Advisors LP raised its stake in Skyworks Solutions by 18.6% in the first quarter. WFG Advisors LP now owns 1,155 shares of the semiconductor manufacturer’s stock valued at $113,000 after buying an additional 181 shares during the last quarter. Tompkins Financial Corp purchased a new stake in Skyworks Solutions during the first quarter valued at approximately $107,000. Finally, TrimTabs Asset Management LLC raised its stake in Skyworks Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,410 shares of the semiconductor manufacturer’s stock valued at $138,000 after buying an additional 664 shares during the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.
Skyworks Solutions (NASDAQ:SWKS) traded up 1.21% during mid-day trading on Thursday, reaching $106.70. The company’s stock had a trading volume of 233,340 shares. The stock has a 50-day moving average price of $101.69 and a 200-day moving average price of $90.01. Skyworks Solutions has a one year low of $57.11 and a one year high of $106.70. The company has a market capitalization of $19.69 billion, a price-to-earnings ratio of 22.00 and a beta of 0.88.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Tuesday, May 16th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, May 12th. Skyworks Solutions’s payout ratio is presently 23.63%.
Skyworks Solutions Company Profile
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.
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