Analysts predict that Skyworks Solutions Inc (NASDAQ:SWKS) will announce earnings of $1.59 per share for the current quarter, according to Zacks. Nine analysts have made estimates for Skyworks Solutions’ earnings. The highest EPS estimate is $1.62 and the lowest is $1.59. Skyworks Solutions posted earnings per share of $1.57 in the same quarter last year, which indicates a positive year-over-year growth rate of 1.3%. The business is scheduled to announce its next earnings results on Thursday, July 19th.
According to Zacks, analysts expect that Skyworks Solutions will report full year earnings of $7.12 per share for the current year, with EPS estimates ranging from $7.04 to $7.37. For the next financial year, analysts expect that the business will report earnings of $7.82 per share, with EPS estimates ranging from $7.46 to $8.50. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Skyworks Solutions.
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Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Thursday, May 3rd. The semiconductor manufacturer reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $913.40 million for the quarter, compared to analysts’ expectations of $911.02 million. Skyworks Solutions had a net margin of 22.69% and a return on equity of 30.35%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.45 earnings per share.
Several brokerages have commented on SWKS. Benchmark initiated coverage on Skyworks Solutions in a research report on Friday, June 15th. They issued a “buy” rating and a $114.00 price target on the stock. BidaskClub cut Skyworks Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, June 13th. Raymond James cut Skyworks Solutions from an “outperform” rating to a “market perform” rating in a research report on Friday, May 18th. Longbow Research initiated coverage on Skyworks Solutions in a research report on Wednesday, May 16th. They set a “buy” rating and a $120.00 price objective on the stock. Finally, Zacks Investment Research upgraded Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $114.93.
In other Skyworks Solutions news, Director Christine King sold 2,401 shares of the business’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $97.67, for a total value of $234,505.67. Following the transaction, the director now owns 14,928 shares of the company’s stock, valued at $1,458,017.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Peter L. Gammel sold 9,000 shares of the business’s stock in a transaction on Thursday, April 12th. The stock was sold at an average price of $99.19, for a total value of $892,710.00. Following the completion of the transaction, the insider now directly owns 21,420 shares in the company, valued at approximately $2,124,649.80. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC acquired a new position in shares of Skyworks Solutions during the first quarter valued at $100,000. Mckinley Capital Management LLC Delaware lifted its stake in shares of Skyworks Solutions by 67.2% during the first quarter. Mckinley Capital Management LLC Delaware now owns 1,478 shares of the semiconductor manufacturer’s stock valued at $148,000 after acquiring an additional 594 shares during the period. Highland Capital Management LP acquired a new position in shares of Skyworks Solutions during the first quarter valued at $201,000. Syntal Capital Partners LLC acquired a new position in shares of Skyworks Solutions during the first quarter valued at $201,000. Finally, Dearborn Partners LLC acquired a new position in shares of Skyworks Solutions during the first quarter valued at $208,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.
SWKS opened at $99.44 on Wednesday. Skyworks Solutions has a twelve month low of $86.13 and a twelve month high of $117.65. The company has a market capitalization of $18.70 billion, a P/E ratio of 16.63, a P/E/G ratio of 1.28 and a beta of 0.68.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 12th. Shareholders of record on Tuesday, May 22nd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Monday, May 21st. Skyworks Solutions’s dividend payout ratio is currently 21.40%.
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, 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 shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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