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

Wall Street analysts expect Skyworks Solutions, Inc. (NASDAQ: SWKS) to report earnings of $ 2.54 per share for the current quarter, Zacks reports. Six analysts put Skyworks Solutions in earnings, with the lowest EPS estimate at $ 2.53 and the highest estimate at $ 2.57. Skyworks Solutions posted earnings of $ 1.85 per share in the same quarter last year, suggesting a positive growth rate of 37.3% year-over-year. The company is expected to announce its next quarterly results on Monday, November 1.

According to Zacks, analysts predict that Skyworks Solutions will report annual earnings of $ 10.42 per share for the current year, with EPS estimates ranging from $ 10.40 to $ 10.49. For the next fiscal year, analysts expect the company to report earnings of $ 11.65 per share, with EPS estimates ranging from $ 11.30 to $ 12.21. Zacks EPS Averages is an average based on a survey of research analysts who provide coverage for Skyworks Solutions.

Skyworks Solutions (NASDAQ: SWKS) last released its quarterly results on Thursday, July 29. The semiconductor maker reported earnings per share of $ 2.15 for the quarter, beating the Thomson Reuters consensus estimate of $ 2.14 by $ 0.01. Skyworks Solutions had a net margin of 29.84% and a return on equity of 31.74%. The company posted revenue of $ 1.12 billion in the quarter, compared to a consensus estimate of $ 1.10 billion. In the same quarter of the previous year, the company posted earnings per share of $ 1.25.

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A number of research analysts have weighed on SWKS stocks. Westpark Capital assumed coverage of shares of Skyworks Solutions in a research report on Thursday, July 15. They issued a “buy” rating and a price target of $ 220.00 for the company. Barclays raised its price target for Skyworks Solutions shares from $ 185.00 to $ 200.00 and gave the company an “equal weight” rating in a report released on Tuesday, June 29. Susquehanna reiterated a “hold” note and issued a price target of $ 195.00 on shares of Skyworks Solutions in a report released on Friday, July 30. KeyCorp raised its price target on Skyworks Solutions shares from $ 220.00 to $ 225 and rated the company “overweight” in a report released on Tuesday, July 6. Finally, Credit Suisse Group reiterated a “buy” note and issued a price target of $ 380.00 on shares of Skyworks Solutions in a report released on Friday, July 30. Nine research analysts rated the stock with a conservation rating and fifteen issued a buy rating for the stock. According to MarketBeat, Skyworks Solutions has an average “Buy” rating and a consensus price target of $ 205.86.

NASDAQ: SWKS traded at $ 0.69 at midday on Friday, reaching $ 172.65. The company’s shares had a trading volume of 660,447 shares, compared to its average volume of 1,903,071. Skyworks Solutions has a low of $ 133.62 over 1 year and a high of $ 204.00 over 1 year . The company has a debt to equity ratio of 0.30, a current ratio of 7.82 and a rapid ratio of 6.42. The stock has a market cap of $ 28.51 billion, a price / earnings ratio of 20.36, a PEG ratio of 0.99, and a beta of 1.08. The company’s fifty-day moving average is $ 182.57 and its two-hundred-day moving average is $ 180.16.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 7. Shareholders of record on Tuesday August 17 received a dividend of $ 0.56 per share. This is an increase from Skyworks Solutions’ previous quarterly dividend of $ 0.50. This represents an annualized dividend of $ 2.24 and a return of 1.30%. The ex-dividend date of this dividend was Monday August 16. Skyworks Solutions’ dividend payout ratio (DPR) is currently 42.99%.

In addition, CEO Liam Griffin sold 10,000 shares of Skyworks Solutions in a transaction dated Tuesday, August 10. The shares were sold for an average price of $ 186.02, for a total value of $ 1,860,200.00. The sale was disclosed in a filing with the SEC, which is available at this link. In addition, Executive Vice President Carlos S. Bori sold 12,591 shares of Skyworks Solutions in a transaction dated Wednesday, August 4. The shares were sold at an average price of $ 186.65, for a total trade of $ 2,350,110.15. After the sale is finalized, the Executive Vice President now directly owns 7,250 shares of the company, valued at approximately $ 1,353,212.50. Disclosure of this sale can be found here. Insiders have sold a total of 48,534 shares of the company valued at $ 8,912,599 in the past three months. 0.38% of the shares are currently owned by insiders.

A number of hedge funds have recently increased or reduced their holdings in SWKS. Robbins Farley LLC purchased a new stake in Skyworks Solutions during the first quarter valued at approximately $ 25,000. Red Door Wealth Management LLC purchased a new stake in Skyworks Solutions during the second quarter valued at approximately $ 26,000. Sterling Investment Advisors Ltd. purchased a new stake in Skyworks Solutions during the second quarter valued at approximately $ 26,000. Harbor Investments Inc. purchased a new stake in Skyworks Solutions during the first quarter valued at approximately $ 28,000. Finally, Selective Wealth Management Inc. increased its position in Skyworks Solutions by 190.2% during the second quarter. Selective Wealth Management Inc. now owns 148 shares of the semiconductor maker valued at $ 28,000 after acquiring 97 additional shares in the last quarter. 74.01% of the shares are currently held by hedge funds and other institutional investors.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc is dedicated to the design, development and manufacture of proprietary semiconductor products. Its product portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front end modules, hybrids, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, synthesizers, power dividers and combiners, receivers, switches and technical ceramics.

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Skyworks Solutions Revenue History and Estimates (NASDAQ: SWKS)

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