Brokerages expect Skyworks Solutions, Inc. (NASDAQ:SWKS) to announce $910.39 million in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Skyworks Solutions’ earnings, with estimates ranging from $910.00 million to $912.40 million. Skyworks Solutions reported sales of $851.70 million during the same quarter last year, which indicates a positive year over year growth rate of 6.9%. The firm is expected to issue its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Skyworks Solutions will report full year sales of $910.39 million for the current financial year, with estimates ranging from $3.89 billion to $4.01 billion. For the next financial year, analysts forecast that the business will report sales of $4.31 billion per share, with estimates ranging from $4.12 billion to $4.43 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Skyworks Solutions.
Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.09. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Skyworks Solutions had a return on equity of 30.21% and a net margin of 21.72%. The business’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.61 EPS.
SWKS has been the topic of several research reports. Zacks Investment Research raised Skyworks Solutions from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Morgan Stanley lifted their price objective on Skyworks Solutions from $86.00 to $88.00 and gave the company an “underweight” rating in a research report on Wednesday, December 13th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $115.00 price objective on shares of Skyworks Solutions in a research report on Wednesday, December 27th. Vetr cut Skyworks Solutions from a “buy” rating to a “hold” rating and set a $114.92 price objective on the stock. in a research report on Monday, October 30th. Finally, BMO Capital Markets raised Skyworks Solutions from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 6th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $115.93.
Shares of Skyworks Solutions (NASDAQ:SWKS) opened at $106.00 on Thursday. The firm has a market capitalization of $19,418.00, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 1.06 and a beta of 0.69. Skyworks Solutions has a 12-month low of $93.02 and a 12-month high of $117.65.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, February 22nd will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.28 annualized dividend and a yield of 1.21%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 29.03%.
Skyworks Solutions declared that its board has initiated a stock repurchase plan on Monday, February 5th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
In related news, SVP Carlos S. Bori sold 2,151 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $107.20, for a total value of $230,587.20. Following the transaction, the senior vice president now directly owns 9,372 shares of the company’s stock, valued at approximately $1,004,678.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Carlos S. Bori sold 3,850 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $98.15, for a total value of $377,877.50. Following the completion of the transaction, the senior vice president now directly owns 11,372 shares in the company, valued at $1,116,161.80. The disclosure for this sale can be found here. Insiders sold a total of 62,248 shares of company stock worth $6,147,652 over the last ninety days. 0.49% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in SWKS. Financial Engines Advisors L.L.C. bought a new position in Skyworks Solutions in the 3rd quarter valued at approximately $126,000. Dynamic Technology Lab Private Ltd purchased a new stake in Skyworks Solutions during the 2nd quarter valued at $202,000. Intact Investment Management Inc. purchased a new stake in Skyworks Solutions during the 3rd quarter valued at $204,000. Park Avenue Securities LLC purchased a new stake in Skyworks Solutions during the 3rd quarter valued at $211,000. Finally, Checchi Capital Advisers LLC purchased a new stake in Skyworks Solutions during the 4th quarter valued at $224,000. 81.06% of the stock is currently owned by institutional investors and hedge funds.
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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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