Q1 2018 Earnings Forecast for Skyworks Solutions, Inc. Issued By B. Riley (SWKS)
Skyworks Solutions, Inc. (NASDAQ:SWKS) – Stock analysts at B. Riley raised their Q1 2018 earnings per share (EPS) estimates for shares of Skyworks Solutions in a note issued to investors on Tuesday. B. Riley analyst C. Ellis now forecasts that the semiconductor manufacturer will post earnings per share of $1.79 for the quarter, up from their prior forecast of $1.76. B. Riley has a “Buy” rating and a $131.00 price objective on the stock. B. Riley also issued estimates for Skyworks Solutions’ Q3 2018 earnings at $1.65 EPS and FY2018 earnings at $6.84 EPS.
Several other analysts have also commented on the stock. Vetr raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $118.57 price target for the company in a research report on Tuesday. Craig Hallum upped their price objective on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, July 21st. Barclays PLC upped their price objective on shares of Skyworks Solutions from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. DA Davidson reiterated a “buy” rating and issued a $130.00 price target on shares of Skyworks Solutions in a report on Tuesday. Finally, Canaccord Genuity restated a “buy” rating and issued a $117.00 price objective (up previously from $115.00) on shares of Skyworks Solutions in a research report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $115.68.
Shares of Skyworks Solutions (SWKS) traded down $0.61 on Friday, reaching $110.51. 1,287,664 shares of the company traded hands, compared to its average volume of 2,040,000. Skyworks Solutions has a 12 month low of $71.65 and a 12 month high of $117.65. The company has a market capitalization of $20,400.00, a PE ratio of 18.80, a PEG ratio of 1.11 and a beta of 0.90.
A number of institutional investors and hedge funds have recently made changes to their positions in SWKS. Voya Investment Management LLC boosted its position in Skyworks Solutions by 953.8% during the 2nd quarter. Voya Investment Management LLC now owns 1,290,395 shares of the semiconductor manufacturer’s stock valued at $123,813,000 after buying an additional 1,167,942 shares during the period. Old Mutual Global Investors UK Ltd. boosted its position in Skyworks Solutions by 587.3% during the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 1,305,942 shares of the semiconductor manufacturer’s stock valued at $125,305,000 after buying an additional 1,115,938 shares during the period. Koch Industries Inc. lifted its position in shares of Skyworks Solutions by 11,046.5% in the 2nd quarter. Koch Industries Inc. now owns 508,502 shares of the semiconductor manufacturer’s stock worth $503,000 after purchasing an additional 503,940 shares during the period. Vanguard Group Inc. lifted its position in shares of Skyworks Solutions by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 18,326,001 shares of the semiconductor manufacturer’s stock worth $1,758,380,000 after purchasing an additional 502,995 shares during the period. Finally, Harbour Capital Advisors LLC lifted its position in shares of Skyworks Solutions by 11,678.7% in the 2nd quarter. Harbour Capital Advisors LLC now owns 341,582 shares of the semiconductor manufacturer’s stock worth $3,560,000 after purchasing an additional 338,682 shares during the period. 80.81% of the stock is owned by institutional investors and hedge funds.
In other Skyworks Solutions news, insider Liam Griffin sold 2,610 shares of the stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $99.98, for a total transaction of $260,947.80. Following the completion of the sale, the insider now owns 50,408 shares of the company’s stock, valued at approximately $5,039,791.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christine King sold 3,705 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $106.82, for a total transaction of $395,768.10. Following the sale, the director now directly owns 16,641 shares of the company’s stock, valued at approximately $1,777,591.62. The disclosure for this sale can be found here. Insiders sold a total of 20,173 shares of company stock valued at $2,072,726 in the last ninety days. 0.49% of the stock is owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be paid a $0.32 dividend. The ex-dividend date is Monday, November 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.16%. Skyworks Solutions’s dividend payout ratio (DPR) is 23.66%.
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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