Wall Street analysts expect that Skyworks Solutions, Inc. (NASDAQ:SWKS) will announce sales of $890.09 million for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for Skyworks Solutions’ earnings, with estimates ranging from $890.00 million to $890.50 million. Skyworks Solutions posted sales of $751.70 million in the same quarter last year, which suggests a positive year over year growth rate of 18.4%. The firm is scheduled to issue its next quarterly earnings report on Thursday, July 20th.
According to Zacks, analysts expect that Skyworks Solutions will report full year sales of $890.09 million for the current financial year, with estimates ranging from $3.61 billion to $3.65 billion. For the next fiscal year, analysts expect that the firm will post sales of $4.00 billion per share, with estimates ranging from $3.89 billion to $4.10 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Skyworks Solutions.
Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, April 27th. The semiconductor manufacturer reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.03. Skyworks Solutions had a return on equity of 28.00% and a net margin of 27.27%. The firm had revenue of $851.70 million for the quarter, compared to analyst estimates of $840.43 million. During the same quarter last year, the firm posted $1.25 EPS. The business’s revenue was up 9.9% on a year-over-year basis.
A number of analysts have commented on the company. MKM Partners reiterated a “buy” rating and set a $109.00 target price on shares of Skyworks Solutions in a research report on Wednesday, February 22nd. Goldman Sachs Group, Inc. (The) boosted their target price on Skyworks Solutions from $81.00 to $87.00 and gave the stock a “neutral” rating in a research report on Monday, March 6th. Barclays PLC boosted their target price on Skyworks Solutions from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, March 6th. Canaccord Genuity boosted their target price on Skyworks Solutions from $96.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, March 6th. Finally, Wells Fargo & Company assumed coverage on Skyworks Solutions in a research report on Tuesday, March 7th. They set an “outperform” rating on the stock. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $101.33.
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In other Skyworks Solutions news, insider Peter L. Gammel sold 1,500 shares of the company’s stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $97.92, for a total transaction of $146,880.00. Following the completion of the sale, the insider now directly owns 17,605 shares in the company, valued at $1,723,881.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christine King sold 3,500 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $108.84, for a total value of $380,940.00. Following the sale, the director now owns 16,436 shares of the company’s stock, valued at $1,788,894.24. The disclosure for this sale can be found here. Insiders have sold 94,958 shares of company stock valued at $9,658,971 over the last 90 days. 0.49% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in SWKS. Invictus RG purchased a new stake in shares of Skyworks Solutions during the first quarter valued at approximately $101,000. Winslow Evans & Crocker Inc. raised its stake in shares of Skyworks Solutions by 5.0% in the first quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the semiconductor manufacturer’s stock valued at $103,000 after buying an additional 50 shares in the last quarter. WFG Advisors LP raised its stake in shares of Skyworks Solutions by 18.6% in the first quarter. WFG Advisors LP now owns 1,155 shares of the semiconductor manufacturer’s stock valued at $113,000 after buying an additional 181 shares in the last quarter. Tompkins Financial Corp purchased a new stake in shares of Skyworks Solutions during the first quarter valued at approximately $107,000. Finally, TrimTabs Asset Management LLC raised its stake in shares of Skyworks Solutions by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,410 shares of the semiconductor manufacturer’s stock valued at $138,000 after buying an additional 664 shares in the last quarter. Institutional investors own 81.30% of the company’s stock.
Shares of Skyworks Solutions (NASDAQ SWKS) traded down 0.702% on Thursday, hitting $102.575. The stock had a trading volume of 399,208 shares. Skyworks Solutions has a 12 month low of $57.11 and a 12 month high of $112.11. The firm has a 50 day moving average of $104.37 and a 200 day moving average of $93.98. The stock has a market cap of $18.93 billion, a P/E ratio of 21.145 and a beta of 0.77.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 6th. Shareholders of record on Tuesday, May 16th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, May 12th. This represents a $1.12 annualized dividend and a yield of 1.08%. Skyworks Solutions’s dividend payout ratio is presently 23.05%.
Skyworks Solutions Company Profile
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
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