$1.00 Billion in Sales Expected for Skyworks Solutions Inc (SWKS) This Quarter

Brokerages predict that Skyworks Solutions Inc (NASDAQ:SWKS) will post sales of $1.00 billion for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Skyworks Solutions’ earnings. The highest sales estimate is $1.01 billion and the lowest is $1.00 billion. Skyworks Solutions reported sales of $984.60 million in the same quarter last year, which would suggest a positive year over year growth rate of 1.6%. The business is expected to report its next quarterly earnings report on Monday, November 5th.

On average, analysts expect that Skyworks Solutions will report full year sales of $3.86 billion for the current year, with estimates ranging from $3.86 billion to $3.87 billion. For the next fiscal year, analysts anticipate that the business will report sales of $4.11 billion per share, with estimates ranging from $4.05 billion to $4.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Skyworks Solutions.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Thursday, July 19th. The semiconductor manufacturer reported $1.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.04. Skyworks Solutions had a net margin of 23.78% and a return on equity of 30.31%. The business had revenue of $894.30 million during the quarter, compared to analyst estimates of $889.00 million. During the same period last year, the business posted $1.57 earnings per share. Skyworks Solutions’s quarterly revenue was down .7% compared to the same quarter last year.

SWKS has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a research note on Wednesday, July 25th. Cowen reaffirmed a “hold” rating and set a $105.00 target price (up previously from $100.00) on shares of Skyworks Solutions in a research note on Friday, July 20th. B. Riley raised their target price on shares of Skyworks Solutions from $116.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, July 20th. BidaskClub downgraded shares of Skyworks Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, June 13th. Finally, Needham & Company LLC raised their target price on shares of Skyworks Solutions from $110.00 to $118.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $114.84.

In related news, Director David J. Aldrich sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $93.03, for a total transaction of $930,300.00. Following the completion of the sale, the director now owns 152,252 shares of the company’s stock, valued at $14,164,003.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David J. Aldrich sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $88.78, for a total transaction of $266,340.00. Following the sale, the director now directly owns 145,252 shares of the company’s stock, valued at approximately $12,895,472.56. The disclosure for this sale can be found here. Insiders have sold 33,000 shares of company stock valued at $3,084,740 in the last three months. 0.47% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC bought a new stake in shares of Skyworks Solutions during the first quarter valued at approximately $100,000. Catalyst Capital Advisors LLC bought a new stake in Skyworks Solutions in the 2nd quarter worth approximately $101,000. Quad Cities Investment Group LLC bought a new stake in Skyworks Solutions in the 2nd quarter worth approximately $102,000. Peak Capital Management LLC bought a new stake in Skyworks Solutions in the 2nd quarter worth approximately $136,000. Finally, Centaurus Financial Inc. bought a new stake in Skyworks Solutions in the 2nd quarter worth approximately $147,000. 80.76% of the stock is owned by institutional investors.

Shares of SWKS opened at $87.73 on Friday. Skyworks Solutions has a one year low of $83.05 and a one year high of $117.65. The stock has a market capitalization of $15.10 billion, a price-to-earnings ratio of 12.76, a P/E/G ratio of 0.93 and a beta of 0.57.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 28th. Investors of record on Tuesday, August 7th were given a dividend of $0.38 per share. The ex-dividend date was Monday, August 6th. This represents a $1.52 annualized dividend and a dividend yield of 1.73%. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.32. Skyworks Solutions’s dividend payout ratio (DPR) is 25.42%.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

See Also: Technical Analysis

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

Earnings History and Estimates for Skyworks Solutions (NASDAQ:SWKS)

Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply