Skyworks Solutions, Inc. (NASDAQ:SWKS) Expected to Post Earnings of $2.36 Per Share

Brokerages forecast that Skyworks Solutions, Inc. (NASDAQ:SWKSGet Rating) will report $2.36 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Skyworks Solutions’ earnings, with estimates ranging from $2.33 to $2.38. Skyworks Solutions posted earnings per share of $2.15 in the same quarter last year, which would suggest a positive year over year growth rate of 9.8%. The business is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Skyworks Solutions will report full-year earnings of $11.05 per share for the current year, with EPS estimates ranging from $10.96 to $11.18. For the next year, analysts expect that the company will report earnings of $12.05 per share, with EPS estimates ranging from $11.54 to $12.71. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Skyworks Solutions.

Skyworks Solutions (NASDAQ:SWKSGet Rating) last issued its earnings results on Tuesday, May 3rd. The semiconductor manufacturer reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.06. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Skyworks Solutions had a net margin of 25.98% and a return on equity of 30.60%. The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business earned $2.03 earnings per share.

Several brokerages have recently issued reports on SWKS. Bank of America decreased their price objective on Skyworks Solutions from $180.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, February 4th. Mizuho decreased their price objective on Skyworks Solutions from $175.00 to $170.00 in a research note on Wednesday, May 4th. Morgan Stanley reduced their price objective on Skyworks Solutions from $198.00 to $173.00 and set an “equal weight” rating for the company in a research note on Friday, February 4th. Susquehanna Bancshares dropped their target price on Skyworks Solutions from $195.00 to $160.00 in a report on Friday, February 4th. Finally, Raymond James dropped their price objective on Skyworks Solutions from $220.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, February 4th. Fourteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $171.78.

Shares of Skyworks Solutions stock traded down $2.39 during trading hours on Tuesday, reaching $99.88. 1,775,081 shares of the stock traded hands, compared to its average volume of 2,125,496. The company has a 50 day moving average price of $119.07 and a 200 day moving average price of $137.96. The firm has a market capitalization of $16.07 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 0.80 and a beta of 1.13. The company has a quick ratio of 2.65, a current ratio of 3.98 and a debt-to-equity ratio of 0.42. Skyworks Solutions has a one year low of $97.59 and a one year high of $197.62.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 14th. Shareholders of record on Tuesday, May 24th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Monday, May 23rd. Skyworks Solutions’s dividend payout ratio is 27.22%.

In other Skyworks Solutions 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.31% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank bought a new position in Skyworks Solutions in the fourth quarter valued at $251,234,000. Vulcan Value Partners LLC raised its stake in Skyworks Solutions by 32.5% in the 4th quarter. Vulcan Value Partners LLC now owns 5,499,257 shares of the semiconductor manufacturer’s stock worth $853,155,000 after purchasing an additional 1,348,943 shares in the last quarter. Wellington Management Group LLP raised its stake in Skyworks Solutions by 49.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,962,046 shares of the semiconductor manufacturer’s stock worth $323,307,000 after purchasing an additional 651,281 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Skyworks Solutions by 23.1% in the 4th quarter. Lazard Asset Management LLC now owns 2,671,151 shares of the semiconductor manufacturer’s stock valued at $414,401,000 after buying an additional 501,084 shares during the period. Finally, First Trust Advisors LP increased its holdings in Skyworks Solutions by 23.2% in the 4th quarter. First Trust Advisors LP now owns 2,037,527 shares of the semiconductor manufacturer’s stock valued at $316,102,000 after buying an additional 383,342 shares during the period. Institutional investors own 72.09% of the company’s stock.

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

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