Skyworks Solutions (NASDAQ:SWKS) Updates Q4 2024 Earnings Guidance

Skyworks Solutions (NASDAQ:SWKS) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.520-1.520 for the period, compared to the consensus earnings per share estimate of 1.510. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Skyworks Solutions also updated its Q4 guidance to approx $1.52 EPS.

Skyworks Solutions Stock Up 0.2 %

Shares of SWKS traded up $0.28 during mid-day trading on Tuesday, hitting $117.69. 4,316,661 shares of the company’s stock were exchanged, compared to its average volume of 2,473,267. The company has a market cap of $18.88 billion, a PE ratio of 22.12, a P/E/G ratio of 5.53 and a beta of 1.23. Skyworks Solutions has a 52 week low of $85.06 and a 52 week high of $120.86. The company has a 50-day simple moving average of $104.56 and a 200 day simple moving average of $103.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.81.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 EPS for the quarter, beating the consensus estimate of $1.26 by $0.08. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. On average, research analysts forecast that Skyworks Solutions will post 5.14 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th will be issued a dividend of $0.70 per share. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a yield of 2.38%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 51.13%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SWKS shares. Barclays raised their price target on Skyworks Solutions from $85.00 to $115.00 and gave the company an equal weight rating in a report on Tuesday. Citigroup dropped their target price on Skyworks Solutions from $85.00 to $83.00 and set a sell rating for the company in a report on Thursday, May 2nd. UBS Group dropped their target price on Skyworks Solutions from $110.00 to $100.00 and set a neutral rating for the company in a report on Wednesday, May 1st. Needham & Company LLC reissued a hold rating on shares of Skyworks Solutions in a report on Wednesday, May 1st. Finally, KeyCorp cut Skyworks Solutions from an overweight rating to a sector weight rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Skyworks Solutions has an average rating of Hold and a consensus target price of $107.67.

Insider Activity at Skyworks Solutions

In other Skyworks Solutions news, CEO Liam Griffin purchased 11,142 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the acquisition, the chief executive officer now owns 104,153 shares of the company’s stock, valued at $9,373,770. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Skyworks Solutions news, CEO Liam Griffin purchased 11,142 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the acquisition, the chief executive officer now owns 104,153 shares of the company’s stock, valued at $9,373,770. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert A. Schriesheim sold 25,433 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $90.27, for a total value of $2,295,836.91. Following the transaction, the director now owns 60,881 shares in the company, valued at $5,495,727.87. The disclosure for this sale can be found here. Insiders have sold 26,337 shares of company stock worth $2,399,797 over the last ninety days. Insiders own 0.34% of the company’s stock.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, 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, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.