Skyworks Solutions, Inc. (SWKS) Expected to Announce Quarterly Sales of $1.05 Billion
Equities research analysts expect Skyworks Solutions, Inc. (NASDAQ:SWKS) to report sales of $1.05 billion for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Skyworks Solutions’ earnings. The lowest sales estimate is $1.05 billion and the highest is $1.06 billion. Skyworks Solutions posted sales of $914.30 million during the same quarter last year, which suggests a positive year over year growth rate of 14.8%. The company is expected to issue its next quarterly earnings report on Thursday, January 18th.
On average, analysts expect that Skyworks Solutions will report full-year sales of $1.05 billion for the current year, with estimates ranging from $3.89 billion to $4.14 billion. For the next financial year, analysts anticipate that the firm will post sales of $4.38 billion per share, with estimates ranging from $4.12 billion to $4.51 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Skyworks Solutions.
Several equities research analysts recently weighed in on the company. Piper Jaffray Companies restated a “buy” rating and set a $115.00 target price on shares of Skyworks Solutions in a research note on Wednesday, December 27th. BidaskClub lowered Skyworks Solutions from a “hold” rating to a “sell” rating in a research report on Friday. Craig Hallum reaffirmed a “buy” rating on shares of Skyworks Solutions in a research report on Wednesday, September 13th. Instinet assumed coverage on Skyworks Solutions in a research report on Wednesday, September 6th. They set a “buy” rating and a $115.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price target on shares of Skyworks Solutions in a research report on Sunday, September 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $116.51.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Monday, November 20th. Skyworks Solutions’s payout ratio is currently 23.66%.
In related news, CEO Liam Griffin sold 12,141 shares of Skyworks Solutions stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $110.95, for a total value of $1,347,043.95. Following the sale, the chief executive officer now directly owns 49,514 shares in the company, valued at $5,493,578.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Robert John Terry sold 7,986 shares of Skyworks Solutions stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $110.32, for a total value of $881,015.52. The disclosure for this sale can be found here. In the last three months, insiders sold 161,864 shares of company stock worth $17,246,539. Corporate insiders own 0.49% of the company’s stock.
Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Skyworks Solutions by 2.8% in the second quarter. Vanguard Group Inc. now owns 18,326,001 shares of the semiconductor manufacturer’s stock valued at $1,758,380,000 after buying an additional 502,995 shares in the last quarter. Manning & Napier Advisors LLC boosted its stake in shares of Skyworks Solutions by 9.3% in the third quarter. Manning & Napier Advisors LLC now owns 2,190,222 shares of the semiconductor manufacturer’s stock valued at $223,182,000 after buying an additional 186,077 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in shares of Skyworks Solutions by 27.9% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,670,875 shares of the semiconductor manufacturer’s stock valued at $170,262,000 after buying an additional 364,933 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of Skyworks Solutions by 953.8% in the second 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 in the last quarter. Finally, APG Asset Management N.V. boosted its position in Skyworks Solutions by 23.9% during the third quarter. APG Asset Management N.V. now owns 1,286,939 shares of the semiconductor manufacturer’s stock worth $131,139,000 after purchasing an additional 248,200 shares in the last quarter. Hedge funds and other institutional investors own 81.50% of the company’s stock.
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.
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