Equities research analysts forecast that Skyworks Solutions, Inc. (NASDAQ:SWKS) will post earnings per share (EPS) of $1.60 for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Skyworks Solutions’ earnings. The lowest EPS estimate is $1.58 and the highest is $1.66. Skyworks Solutions posted earnings per share of $1.45 in the same quarter last year, which indicates a positive year-over-year growth rate of 10.3%. The company is scheduled to report its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that Skyworks Solutions will report full-year earnings of $7.25 per share for the current fiscal year, with EPS estimates ranging from $7.00 to $7.40. For the next financial year, analysts forecast that the business will post earnings of $8.09 per share, with EPS estimates ranging from $7.61 to $8.50. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Skyworks Solutions.
Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.91 by $0.09. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Skyworks Solutions had a net margin of 21.72% and a return on equity of 30.21%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.61 earnings per share.
A number of equities analysts recently weighed in on SWKS shares. B. Riley restated a “buy” rating and set a $131.00 target price on shares of Skyworks Solutions in a report on Tuesday, November 7th. Piper Jaffray Companies restated a “buy” rating and set a $115.00 target price on shares of Skyworks Solutions in a report on Wednesday, December 27th. Zacks Investment Research upgraded shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Friday, November 10th. BidaskClub downgraded shares of Skyworks Solutions from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Finally, Canaccord Genuity restated a “buy” rating and set a $115.00 target price on shares of Skyworks Solutions in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $115.93.
Skyworks Solutions (NASDAQ:SWKS) opened at $104.11 on Tuesday. The firm has a market cap of $18,998.29, a price-to-earnings ratio of 23.61, a P/E/G ratio of 1.03 and a beta of 0.69. Skyworks Solutions has a fifty-two week low of $91.92 and a fifty-two week high of $117.65.
Skyworks Solutions declared that its board has approved a stock buyback plan on Monday, February 5th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 22nd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 1.23%. Skyworks Solutions’s dividend payout ratio is currently 29.03%.
In other Skyworks Solutions news, CEO Liam Griffin sold 16,250 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $109.52, for a total value of $1,779,700.00. Following the transaction, the chief executive officer now directly owns 65,397 shares in the company, valued at $7,162,279.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Carlos S. Bori sold 3,745 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $109.53, for a total transaction of $410,189.85. Following the completion of the sale, the senior vice president now directly owns 14,723 shares of the company’s stock, valued at approximately $1,612,610.19. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,243 shares of company stock worth $8,337,541. Corporate insiders own 0.49% of the company’s stock.
Several institutional investors have recently made changes to their positions in SWKS. Financial Engines Advisors L.L.C. bought a new stake in shares of Skyworks Solutions in the third quarter valued at about $126,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Skyworks Solutions in the second quarter valued at about $202,000. Round Table Services LLC bought a new stake in shares of Skyworks Solutions in the third quarter valued at about $204,000. Intact Investment Management Inc. bought a new stake in shares of Skyworks Solutions in the third quarter valued at about $204,000. Finally, Park Avenue Securities LLC bought a new stake in shares of Skyworks Solutions in the third quarter valued at about $211,000. 81.06% of the stock is owned by institutional investors.
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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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