Skyworks Solutions, Inc. (NASDAQ:SWKS) Expected to Announce Quarterly Sales of $1.33 Billion

Equities analysts expect Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) to post sales of $1.33 billion for the current quarter, according to Zacks. Six analysts have issued estimates for Skyworks Solutions’ earnings. Skyworks Solutions reported sales of $1.17 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 13.7%. The company is expected to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Skyworks Solutions will report full-year sales of $5.64 billion for the current year, with estimates ranging from $5.54 billion to $5.71 billion. For the next fiscal year, analysts forecast that the firm will post sales of $6.03 billion, with estimates ranging from $5.92 billion to $6.17 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Skyworks Solutions.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last issued its earnings results on Thursday, February 3rd. The semiconductor manufacturer reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $0.15. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Skyworks Solutions had a return on equity of 30.57% and a net margin of 27.18%. During the same period in the previous year, the company posted $3.09 EPS.

SWKS has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered their price objective on Skyworks Solutions from $161.00 to $130.00 and set a “neutral” rating on the stock in a research report on Monday, March 28th. Citigroup reduced their price objective on Skyworks Solutions from $156.00 to $152.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 22nd. Susquehanna dropped their target price on shares of Skyworks Solutions from $195.00 to $160.00 and set a “neutral” rating for the company in a report on Friday, February 4th. Wells Fargo & Company lowered their price objective on shares of Skyworks Solutions from $230.00 to $195.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, UBS Group lowered their target price on shares of Skyworks Solutions from $180.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, February 4th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Skyworks Solutions presently has an average rating of “Hold” and an average price target of $186.33.

Skyworks Solutions stock opened at $117.73 on Friday. The company has a market cap of $19.31 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 0.89 and a beta of 1.09. The business’s 50 day simple moving average is $133.08 and its 200 day simple moving average is $148.75. Skyworks Solutions has a 12 month low of $117.65 and a 12 month high of $204.00. The company has a current ratio of 4.20, a quick ratio of 2.97 and a debt-to-equity ratio of 0.41.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, February 22nd were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, February 18th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 26.92%.

In other news, CEO Liam Griffin sold 10,000 shares of the stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $140.00, for a total value of $1,400,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 40,000 shares of company stock valued at $5,782,100 in the last 90 days. Company insiders own 0.31% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SWKS. Wolff Wiese Magana LLC boosted its stake in Skyworks Solutions by 2.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 2,921 shares of the semiconductor manufacturer’s stock valued at $481,000 after purchasing an additional 60 shares during the period. Dumont & Blake Investment Advisors LLC boosted its stake in Skyworks Solutions by 0.6% in the 3rd quarter. Dumont & Blake Investment Advisors LLC now owns 9,446 shares of the semiconductor manufacturer’s stock valued at $1,557,000 after purchasing an additional 60 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Skyworks Solutions by 1.5% during the 3rd quarter. Geneos Wealth Management Inc. now owns 4,374 shares of the semiconductor manufacturer’s stock valued at $716,000 after acquiring an additional 64 shares during the period. Platform Technology Partners lifted its position in shares of Skyworks Solutions by 4.2% during the 3rd quarter. Platform Technology Partners now owns 1,615 shares of the semiconductor manufacturer’s stock valued at $266,000 after acquiring an additional 65 shares during the period. Finally, Sandy Spring Bank lifted its position in shares of Skyworks Solutions by 0.3% during the 3rd quarter. Sandy Spring Bank now owns 23,954 shares of the semiconductor manufacturer’s stock valued at $3,948,000 after acquiring an additional 68 shares during the period. 72.57% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Company Profile (Get Rating)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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