Skyworks Solutions Inc (SWKS) Expected to Post Earnings of $1.42 Per Share

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.

TRADEMARK VIOLATION NOTICE: “Skyworks Solutions Inc (SWKS) Expected to Post Earnings of $1.42 Per Share” was originally posted by Markets Daily and is the property of of Markets Daily. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://www.themarketsdaily.com/2017/06/16/skyworks-solutions-inc-swks-expected-to-post-earnings-of-1-42-per-share-updated-updated.html.

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.

12 Month Chart for NASDAQ:SWKS

Get a free copy of the Zacks research report on Skyworks Solutions (SWKS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply