Q4 2024 EPS Estimates for Skyworks Solutions, Inc. (NASDAQ:SWKS) Raised by Analyst

Skyworks Solutions, Inc. (NASDAQ:SWKS) – Equities researchers at B. Riley raised their Q4 2024 earnings estimates for shares of Skyworks Solutions in a report issued on Tuesday, July 30th. B. Riley analyst C. Ellis now forecasts that the semiconductor manufacturer will post earnings per share of $1.25 for the quarter, up from their previous forecast of $1.18. B. Riley has a “Buy” rating and a $130.00 price target on the stock. The consensus estimate for Skyworks Solutions’ current full-year earnings is $5.14 per share.

Skyworks Solutions (NASDAQ:SWKS) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, meeting the consensus estimate of $1.21. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The firm had revenue of $905.50 million for the quarter, compared to analysts’ expectations of $900.41 million. During the same period last year, the firm earned $1.50 EPS. The firm’s revenue was down 15.5% compared to the same quarter last year.

SWKS has been the topic of a number of other research reports. Susquehanna reiterated a “neutral” rating and set a $125.00 price objective on shares of Skyworks Solutions in a research note on Wednesday. Wolfe Research downgraded Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a research report on Thursday, May 9th. TD Cowen upped their price target on Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday. UBS Group decreased their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Finally, KeyCorp downgraded shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Monday, April 8th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $113.94.

Skyworks Solutions Stock Down 3.1 %

Skyworks Solutions stock opened at $104.70 on Friday. Skyworks Solutions has a 52 week low of $85.06 and a 52 week high of $120.86. The stock has a market cap of $16.72 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 5.13 and a beta of 1.23. The company’s 50-day moving average price is $105.55 and its two-hundred day moving average price is $103.31. The company has a current ratio of 5.75, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16.

Skyworks Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th will be issued a $0.70 dividend. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Tuesday, August 20th. Skyworks Solutions’s payout ratio is presently 51.13%.

Insider Buying and Selling

In other Skyworks Solutions news, Director Robert A. Schriesheim sold 25,433 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the transaction, the director now directly owns 60,881 shares of the company’s stock, valued at $5,495,727.87. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Philip Matthew Carter sold 452 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $120.00, for a total transaction of $54,240.00. Following the completion of the transaction, the vice president now directly owns 9,112 shares in the company, valued at approximately $1,093,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert A. Schriesheim sold 25,433 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the completion of the sale, the director now directly owns 60,881 shares of the company’s stock, valued at approximately $5,495,727.87. The disclosure for this sale can be found here. Insiders have sold a total of 26,337 shares of company stock worth $2,399,797 in the last three months. Insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. BNP Paribas bought a new position in shares of Skyworks Solutions during the 1st quarter worth approximately $27,000. Innealta Capital LLC bought a new position in shares of Skyworks Solutions in the 2nd quarter valued at about $27,000. Rothschild Investment LLC acquired a new stake in shares of Skyworks Solutions in the second quarter valued at about $27,000. Access Investment Management LLC acquired a new stake in shares of Skyworks Solutions in the 1st quarter valued at approximately $31,000. Finally, Blue Trust Inc. lifted its stake in Skyworks Solutions by 79.7% in the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock valued at $36,000 after acquiring an additional 149 shares during the last quarter. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Company Profile

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.