Skyworks Solutions Inc (NASDAQ:SWKS) Expected to Post Earnings of $1.65 Per Share

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Wall Street brokerages expect Skyworks Solutions Inc (NASDAQ:SWKS) to announce earnings per share (EPS) of $1.65 for the current quarter, Zacks reports. Seven analysts have provided estimates for Skyworks Solutions’ earnings, with the lowest EPS estimate coming in at $1.65 and the highest estimate coming in at $1.66. Skyworks Solutions posted earnings of $1.83 per share during the same quarter last year, which would indicate a negative year over year growth rate of 9.8%. The firm is expected to announce its next quarterly earnings results on Tuesday, February 4th.

On average, analysts expect that Skyworks Solutions will report full year earnings of $6.36 per share for the current financial year, with EPS estimates ranging from $5.83 to $6.64. For the next year, analysts forecast that the company will post earnings of $7.55 per share, with EPS estimates ranging from $7.29 to $7.92. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Skyworks Solutions.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, November 12th. The semiconductor manufacturer reported $1.52 EPS for the quarter, beating the consensus estimate of $1.50 by $0.02. The business had revenue of $827.00 million during the quarter, compared to analyst estimates of $824.01 million. Skyworks Solutions had a return on equity of 24.41% and a net margin of 25.28%. The company’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.94 earnings per share.

SWKS has been the subject of several recent research reports. Canaccord Genuity lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and lifted their target price for the company from $82.00 to $102.00 in a report on Wednesday, November 13th. ValuEngine upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Cascend Securities increased their price objective on shares of Skyworks Solutions from $95.00 to $100.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. BMO Capital Markets upped their target price on shares of Skyworks Solutions to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Raymond James reissued an “outperform” rating and set a $110.00 price target (up previously from $90.00) on shares of Skyworks Solutions in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Skyworks Solutions has an average rating of “Hold” and an average price target of $95.95.

In other news, Director Timothy R. Furey sold 3,500 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $83.30, for a total value of $291,550.00. Following the completion of the sale, the director now directly owns 20,824 shares in the company, valued at approximately $1,734,639.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert John Terry sold 3,250 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $79.68, for a total value of $258,960.00. Following the sale, the senior vice president now directly owns 15,326 shares of the company’s stock, valued at approximately $1,221,175.68. The disclosure for this sale can be found here. Insiders have sold a total of 141,884 shares of company stock valued at $13,793,397 in the last ninety days. Insiders own 0.64% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Mechanics Bank Trust Department purchased a new stake in Skyworks Solutions in the 3rd quarter worth $25,000. Squar Milner Financial Services LLC lifted its holdings in Skyworks Solutions by 492.6% in the 3rd quarter. Squar Milner Financial Services LLC now owns 320 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 266 shares in the last quarter. Next Capital Management LLC grew its holdings in Skyworks Solutions by 118.7% during the 2nd quarter. Next Capital Management LLC now owns 339 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 184 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Skyworks Solutions during the 3rd quarter valued at approximately $32,000. Finally, Stonebridge Capital Advisors LLC bought a new stake in shares of Skyworks Solutions during the second quarter valued at approximately $37,000. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SWKS opened at $101.36 on Friday. Skyworks Solutions has a fifty-two week low of $60.12 and a fifty-two week high of $102.87. The firm’s 50-day simple moving average is $96.06 and its two-hundred day simple moving average is $82.14. The stock has a market cap of $17.03 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 1.33 and a beta of 1.05.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.74%. Skyworks Solutions’s dividend payout ratio is currently 30.82%.

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, antenna tuners, 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 locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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