Skyworks Solutions (SWKS) Set to Announce Quarterly Earnings on Monday

Skyworks Solutions (NASDAQ:SWKS) is scheduled to announce its earnings results after the market closes on Monday, February 5th. Analysts expect the company to announce earnings of $1.91 per share for the quarter. Skyworks Solutions has set its Q1 guidance at $1.91 EPS.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Monday, November 6th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.05. The business had revenue of $984.60 million for the quarter, compared to analysts’ expectations of $980.58 million. Skyworks Solutions had a return on equity of 29.17% and a net margin of 27.67%. On average, analysts expect Skyworks Solutions to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shares of Skyworks Solutions (NASDAQ:SWKS) opened at $97.35 on Monday. The stock has a market capitalization of $17,890.00, a price-to-earnings ratio of 17.99, a PEG ratio of 0.98 and a beta of 0.83. Skyworks Solutions has a 52 week low of $90.06 and a 52 week high of $117.65.

In other news, insider Peter L. Gammel sold 7,800 shares of Skyworks Solutions stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $100.60, for a total transaction of $784,680.00. Following the sale, the insider now owns 12,680 shares in the company, valued at $1,275,608. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carlos S. Bori sold 3,083 shares of Skyworks Solutions stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $98.00, for a total value of $302,134.00. Following the sale, the senior vice president now owns 12,455 shares in the company, valued at approximately $1,220,590. The disclosure for this sale can be found here. Insiders have sold 169,664 shares of company stock worth $18,031,219 in the last quarter. Insiders own 0.49% of the company’s stock.

A number of research firms have weighed in on SWKS. BidaskClub cut Skyworks Solutions from a “hold” rating to a “sell” rating in a research note on Friday. Canaccord Genuity restated a “buy” rating and issued a $115.00 price target on shares of Skyworks Solutions in a research note on Wednesday, January 24th. Vetr cut Skyworks Solutions from a “buy” rating to a “hold” rating and set a $105.96 price target on the stock. in a research note on Wednesday, January 17th. Zacks Investment Research cut Skyworks Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $115.00 price target on shares of Skyworks Solutions in a research note on Wednesday, December 27th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $116.42.

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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.

Earnings History for Skyworks Solutions (NASDAQ:SWKS)

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