Wall Street brokerages expect Skyworks Solutions Inc (NASDAQ:SWKS) to announce $1.42 earnings per share for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Skyworks Solutions’ earnings. Skyworks Solutions posted earnings of $1.15 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 23.5%. The company is scheduled to report its next quarterly earnings results 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 EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Skyworks Solutions.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, April 27th. The semiconductor manufacturer reported $1.33 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 for the quarter, compared to analysts’ expectations of $840.43 million. During the same period in the prior year, the business posted $1.25 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis.

SWKS has been the topic of a number of recent analyst reports. Vetr lowered Skyworks Solutions from a “buy” rating to a “hold” rating and set a $101.62 price objective on the stock. in a research report on Monday, April 3rd. Craig Hallum lifted their price objective on Skyworks Solutions from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, April 4th. Zacks Investment Research lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, March 21st. ValuEngine lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Canaccord Genuity lifted their price objective on Skyworks Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. Skyworks Solutions has a consensus rating of “Buy” and an average target price of $100.60.

In related news, insider Liam Griffin sold 18,250 shares of Skyworks Solutions stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $101.88, for a total value of $1,859,310.00. Following the completion of the sale, the insider now owns 64,466 shares of the company’s stock, valued at $6,567,796.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter L. Gammel sold 1,500 shares of Skyworks Solutions stock in a transaction on Monday, April 17th. The stock was sold at an average price of $97.92, for a total value of $146,880.00. Following the completion of the sale, the insider now directly owns 17,605 shares of the company’s stock, valued at approximately $1,723,881.60. The disclosure for this sale can be found here. Insiders sold 91,458 shares of company stock valued at $9,278,031 in the last 90 days. Company insiders own 0.62% of the company’s stock.

Several hedge funds have recently modified their holdings of SWKS. BlackRock Inc. raised its stake in shares of Skyworks Solutions by 3,071.2% in the first quarter. BlackRock Inc. now owns 12,053,655 shares of the semiconductor manufacturer’s stock valued at $1,181,019,000 after buying an additional 11,673,555 shares during the last quarter. Winslow Capital Management LLC purchased a new stake in shares of Skyworks Solutions during the first quarter valued at approximately $205,388,000. Norges Bank purchased a new stake in shares of Skyworks Solutions during the fourth quarter valued at approximately $134,561,000. Boston Partners purchased a new stake in shares of Skyworks Solutions during the first quarter valued at approximately $82,702,000. Finally, AQR Capital Management LLC raised its stake in shares of Skyworks Solutions by 138.9% in the first quarter. AQR Capital Management LLC now owns 1,406,274 shares of the semiconductor manufacturer’s stock valued at $137,787,000 after buying an additional 817,721 shares during the last quarter. 82.29% of the stock is owned by institutional investors.

Shares of Skyworks Solutions (NASDAQ:SWKS) traded up 1.24% during mid-day trading on Thursday, reaching $106.73. The company had a trading volume of 236,737 shares. The firm has a market capitalization of $19.69 billion, a PE ratio of 22.00 and a beta of 0.88. Skyworks Solutions has a 12-month low of $57.11 and a 12-month high of $106.74. The stock has a 50 day moving average price of $101.69 and a 200 day moving average price of $90.01.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Tuesday, May 16th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Friday, May 12th. Skyworks Solutions’s dividend payout ratio is currently 23.63%.

ILLEGAL ACTIVITY NOTICE: “Skyworks Solutions Inc (SWKS) Expected to Post Earnings of $1.42 Per Share” was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2017/05/25/skyworks-solutions-inc-swks-expected-to-post-earnings-of-1-42-per-share.html.

About Skyworks Solutions

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.