Wall Street analysts predict that Skyworks Solutions Inc (NASDAQ:SWKS) will report earnings per share (EPS) of $1.41 for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Skyworks Solutions’ earnings. The highest EPS estimate is $1.42 and the lowest is $1.40. Skyworks Solutions posted earnings of $1.82 per share during the same quarter last year, which suggests a negative year over year growth rate of 22.5%. The company is expected to announce its next quarterly earnings results on Thursday, November 14th.
On average, analysts expect that Skyworks Solutions will report full-year earnings of $5.72 per share for the current financial year, with EPS estimates ranging from $5.71 to $5.74. For the next financial year, analysts forecast that the business will post earnings of $5.79 per share, with EPS estimates ranging from $5.38 to $6.36. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Skyworks Solutions.
Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.14. Skyworks Solutions had a net margin of 26.10% and a return on equity of 26.60%. The business had revenue of $767.00 million during the quarter, compared to analyst estimates of $767.71 million. During the same period in the previous year, the business posted $1.64 earnings per share. Skyworks Solutions’s revenue for the quarter was down 14.2% on a year-over-year basis.
A number of equities research analysts have recently weighed in on SWKS shares. Cascend Securities upgraded shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a report on Monday, June 10th. Craig Hallum boosted their price objective on shares of Skyworks Solutions from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Canaccord Genuity lowered their price objective on shares of Skyworks Solutions from $83.00 to $82.00 and set a “buy” rating for the company in a report on Thursday, August 8th. ValuEngine upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Finally, Piper Jaffray Companies lowered their price objective on shares of Skyworks Solutions from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, June 5th. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $86.40.
In related news, Director David J. Aldrich sold 5,000 shares of Skyworks Solutions stock in a transaction on Friday, June 21st. The shares were sold at an average price of $75.50, for a total value of $377,500.00. Following the transaction, the director now directly owns 208,032 shares of the company’s stock, valued at $15,706,416. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David J. Aldrich sold 10,000 shares of Skyworks Solutions stock in a transaction on Friday, July 26th. The stock was sold at an average price of $85.88, for a total transaction of $858,800.00. Following the completion of the transaction, the director now directly owns 213,032 shares in the company, valued at $18,295,188.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,999 shares of company stock worth $3,712,374. 0.64% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of SWKS. Dimensional Fund Advisors LP increased its stake in shares of Skyworks Solutions by 20.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,324,925 shares of the semiconductor manufacturer’s stock worth $88,805,000 after buying an additional 229,482 shares during the period. Geode Capital Management LLC increased its stake in shares of Skyworks Solutions by 9.9% in the fourth quarter. Geode Capital Management LLC now owns 2,693,315 shares of the semiconductor manufacturer’s stock worth $180,234,000 after buying an additional 242,983 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Skyworks Solutions by 334.2% in the first quarter. Quadrant Capital Group LLC now owns 825 shares of the semiconductor manufacturer’s stock worth $63,000 after buying an additional 635 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Skyworks Solutions by 50.5% in the first quarter. Janney Montgomery Scott LLC now owns 25,292 shares of the semiconductor manufacturer’s stock worth $2,086,000 after buying an additional 8,488 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Skyworks Solutions by 60.3% in the first quarter. Janus Henderson Group PLC now owns 80,985 shares of the semiconductor manufacturer’s stock worth $6,679,000 after buying an additional 30,468 shares during the period. 80.66% of the stock is currently owned by institutional investors.
Skyworks Solutions stock traded down $0.19 during mid-day trading on Friday, hitting $82.14. 1,118,664 shares of the company traded hands, compared to its average volume of 2,005,492. Skyworks Solutions has a one year low of $60.12 and a one year high of $94.39. The stock has a market cap of $13.79 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 1.71 and a beta of 1.02. The stock has a fifty day moving average price of $78.56 and a 200-day moving average price of $79.74.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.14%. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, August 26th. Skyworks Solutions’s payout ratio is presently 26.55%.
About Skyworks Solutions
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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