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.
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