Skyworks Solutions, Inc. (SWKS) Expected to Post Earnings of $1.75 Per Share
Brokerages forecast that Skyworks Solutions, Inc. (NASDAQ:SWKS) will announce $1.75 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Skyworks Solutions’ earnings, with estimates ranging from $1.75 to $1.76. Skyworks Solutions reported earnings of $1.47 per share in the same quarter last year, which suggests a positive year over year growth rate of 19%. The firm is scheduled to announce its next earnings report on Thursday, November 2nd.
On average, analysts expect that Skyworks Solutions will report full year earnings of $6.38 per share for the current financial year, with EPS estimates ranging from $6.36 to $6.39. For the next year, analysts expect that the business will report earnings of $7.25 per share, with EPS estimates ranging from $7.00 to $7.52. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Skyworks Solutions.
Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Thursday, July 20th. The semiconductor manufacturer reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.05. Skyworks Solutions had a return on equity of 28.67% and a net margin of 27.86%. The business had revenue of $900.80 million during the quarter, compared to analysts’ expectations of $890.58 million. During the same quarter last year, the business posted $1.24 EPS. The business’s quarterly revenue was up 19.8% compared to the same quarter last year.
SWKS has been the subject of a number of recent analyst reports. B. Riley reissued a “buy” rating and set a $130.00 price target on shares of Skyworks Solutions in a research report on Saturday, July 22nd. Vetr lowered shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating and set a $113.85 price target for the company. in a research note on Monday, August 14th. BidaskClub raised shares of Skyworks Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Northland Securities reaffirmed a “buy” rating and issued a $115.00 price target on shares of Skyworks Solutions in a report on Friday, August 4th. Finally, MKM Partners reiterated a “buy” rating and set a $115.00 price objective on shares of Skyworks Solutions in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $111.82.
Skyworks Solutions (NASDAQ:SWKS) traded up 0.32% during mid-day trading on Friday, hitting $102.61. 796,400 shares of the company were exchanged. Skyworks Solutions has a 12 month low of $71.65 and a 12 month high of $112.11. The firm has a 50 day moving average price of $104.05 and a 200 day moving average price of $102.69. The stock has a market cap of $19.07 billion, a price-to-earnings ratio of 19.81 and a beta of 0.89.
In other news, insider Liam Griffin sold 8,056 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $105.31, for a total value of $848,377.36. Following the sale, the insider now owns 54,310 shares of the company’s stock, valued at approximately $5,719,386.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christine King sold 3,705 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $106.82, for a total value of $395,768.10. Following the completion of the sale, the director now directly owns 16,641 shares in the company, valued at approximately $1,777,591.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,371 shares of company stock worth $1,505,093. 0.49% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. raised its position in Skyworks Solutions by 134.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 28,755 shares of the semiconductor manufacturer’s stock worth $2,759,000 after acquiring an additional 16,467 shares in the last quarter. Cibc World Markets Corp lifted its holdings in Skyworks Solutions by 47.4% in the 1st quarter. Cibc World Markets Corp now owns 20,264 shares of the semiconductor manufacturer’s stock valued at $1,985,000 after acquiring an additional 6,514 shares during the last quarter. Chicago Equity Partners LLC lifted its holdings in Skyworks Solutions by 337.8% in the 2nd quarter. Chicago Equity Partners LLC now owns 37,020 shares of the semiconductor manufacturer’s stock valued at $3,552,000 after acquiring an additional 28,565 shares during the last quarter. Shelton Capital Management lifted its holdings in Skyworks Solutions by 60.1% in the 1st quarter. Shelton Capital Management now owns 38,286 shares of the semiconductor manufacturer’s stock valued at $3,751,000 after acquiring an additional 14,365 shares during the last quarter. Finally, Atlantic Trust Group LLC lifted its holdings in Skyworks Solutions by 5.2% in the 2nd quarter. Atlantic Trust Group LLC now owns 177,509 shares of the semiconductor manufacturer’s stock valued at $17,033,000 after acquiring an additional 8,793 shares during the last quarter. 80.84% of the stock is currently owned by hedge funds and other institutional investors.
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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