Brokerages forecast that Skyworks Solutions, Inc. (NASDAQ:SWKS) will 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 reported sales of $914.30 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.8%. The firm is expected to issue its next quarterly earnings results after the market closes on Monday, February 5th.
According to Zacks, 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 expect that the business will report sales of $4.38 billion per share, with estimates ranging from $4.12 billion to $4.51 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Skyworks Solutions.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Monday, November 6th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.05. Skyworks Solutions had a net margin of 27.67% and a return on equity of 29.17%.
In other news, SVP Carlos S. Bori sold 3,083 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $98.00, for a total transaction of $302,134.00. Following the completion of the sale, the senior vice president now owns 12,455 shares of the company’s stock, valued at approximately $1,220,590. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Liam Griffin sold 12,141 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $110.95, for a total transaction of $1,347,043.95. Following the sale, the chief executive officer now directly owns 49,514 shares of the company’s stock, valued at approximately $5,493,578.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 161,864 shares of company stock valued at $17,246,539. Company insiders own 0.49% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Skyworks Solutions by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 18,326,001 shares of the semiconductor manufacturer’s stock valued at $1,758,380,000 after purchasing an additional 502,995 shares during the period. Manning & Napier Advisors LLC grew its position in Skyworks Solutions by 9.3% in the 3rd quarter. Manning & Napier Advisors LLC now owns 2,190,222 shares of the semiconductor manufacturer’s stock valued at $223,182,000 after purchasing an additional 186,077 shares during the period. Old Mutual Global Investors UK Ltd. grew its position in Skyworks Solutions by 27.9% in the 3rd 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 purchasing an additional 364,933 shares during the period. Voya Investment Management LLC grew its position in Skyworks Solutions by 953.8% in 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 purchasing an additional 1,167,942 shares during the period. Finally, APG Asset Management N.V. grew its position in Skyworks Solutions by 23.9% in the 3rd quarter. APG Asset Management N.V. now owns 1,286,939 shares of the semiconductor manufacturer’s stock valued at $131,139,000 after purchasing an additional 248,200 shares during the period. 81.59% of the stock is owned by institutional investors.
Shares of Skyworks Solutions (SWKS) traded down $3.09 during midday trading on Friday, reaching $99.20. 1,770,373 shares of the company were exchanged, compared to its average volume of 2,012,442. The company has a market cap of $18,530.00, a price-to-earnings ratio of 18.34, a PEG ratio of 1.02 and a beta of 0.83. Skyworks Solutions has a 1-year low of $78.18 and a 1-year high of $117.65.
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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