Skyworks Solutions, Inc. (NASDAQ:SWKS) Expected to Post Earnings of $2.54 Per Share

Equities analysts expect Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) to announce $2.54 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Skyworks Solutions’ earnings, with the highest EPS estimate coming in at $2.66 and the lowest estimate coming in at $2.44. Skyworks Solutions posted earnings of $2.15 per share during the same quarter last year, which indicates a positive year over year growth rate of 18.1%. The business is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Skyworks Solutions will report full-year earnings of $11.41 per share for the current year, with EPS estimates ranging from $11.24 to $11.69. For the next year, analysts anticipate that the business will report earnings of $12.47 per share, with EPS estimates ranging from $12.17 to $12.98. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Skyworks Solutions.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last announced its earnings results on Tuesday, May 3rd. The semiconductor manufacturer reported $2.63 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.63. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Skyworks Solutions had a net margin of 27.18% and a return on equity of 30.57%. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.03 earnings per share.

A number of analysts recently issued reports on SWKS shares. KeyCorp decreased their price objective on shares of Skyworks Solutions from $225.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, April 12th. Zacks Investment Research upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating and set a $118.00 target price for the company in a research report on Thursday, April 28th. Susquehanna Bancshares cut their target price on shares of Skyworks Solutions from $195.00 to $160.00 in a research report on Friday, February 4th. Piper Sandler cut their price objective on shares of Skyworks Solutions from $190.00 to $145.00 in a research report on Tuesday. Finally, BMO Capital Markets cut their price objective on shares of Skyworks Solutions from $220.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, February 4th. Fourteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $173.00.

NASDAQ SWKS opened at $119.47 on Wednesday. Skyworks Solutions has a 52-week low of $111.20 and a 52-week high of $197.62. The company has a 50-day simple moving average of $127.84 and a 200 day simple moving average of $144.64. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.97 and a current ratio of 4.20. The company has a market capitalization of $19.59 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 0.88 and a beta of 1.13.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 14th. Stockholders of record on Tuesday, May 24th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 1.87%. Skyworks Solutions’s payout ratio is currently 26.92%.

In other news, CEO Liam Griffin sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $140.00, for a total transaction of $1,400,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in SWKS. Advisor Group Holdings Inc. boosted its stake in Skyworks Solutions by 10.7% in the 3rd quarter. Advisor Group Holdings Inc. now owns 92,083 shares of the semiconductor manufacturer’s stock worth $15,171,000 after purchasing an additional 8,913 shares during the period. Daiwa Securities Group Inc. boosted its stake in Skyworks Solutions by 9.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 13,176 shares of the semiconductor manufacturer’s stock worth $2,171,000 after purchasing an additional 1,140 shares during the period. Truist Financial Corp boosted its stake in Skyworks Solutions by 2.3% in the 3rd quarter. Truist Financial Corp now owns 186,472 shares of the semiconductor manufacturer’s stock worth $30,727,000 after purchasing an additional 4,281 shares during the period. AIA Group Ltd boosted its stake in Skyworks Solutions by 71.9% in the 3rd quarter. AIA Group Ltd now owns 2,638 shares of the semiconductor manufacturer’s stock worth $435,000 after purchasing an additional 1,103 shares during the period. Finally, Advisory Services Network LLC boosted its stake in Skyworks Solutions by 5.8% in the 3rd quarter. Advisory Services Network LLC now owns 15,017 shares of the semiconductor manufacturer’s stock worth $2,474,000 after purchasing an additional 827 shares during the period. 72.09% of the stock is owned by institutional investors.

About Skyworks Solutions (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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