Skyworks Solutions, Inc. (SWKS) Expected to Announce Quarterly Sales of $910.39 Million

Wall Street analysts expect Skyworks Solutions, Inc. (NASDAQ:SWKS) to report sales of $910.39 million for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Skyworks Solutions’ earnings. The highest sales estimate is $912.40 million and the lowest is $910.00 million. Skyworks Solutions posted sales of $851.70 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.9%. The firm is expected to announce its next 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 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 Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Skyworks Solutions.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.09. Skyworks Solutions had a net margin of 21.72% and a return on equity of 30.21%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year.

Several research firms recently weighed in on SWKS. Zacks Investment Research raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Friday, February 9th. BidaskClub raised shares of Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. Needham & Company LLC reaffirmed a “buy” rating on shares of Skyworks Solutions in a report on Tuesday, February 6th. B. Riley reduced their price objective on shares of Skyworks Solutions from $131.00 to $128.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Finally, UBS Group raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-four have given a buy rating to the company. Skyworks Solutions presently has an average rating of “Buy” and a consensus price target of $115.93.

Skyworks Solutions (NASDAQ:SWKS) opened at $106.00 on Thursday. The stock has a market cap of $19,418.00, a price-to-earnings ratio of 16.78, a PEG ratio of 1.06 and a beta of 0.69. Skyworks Solutions has a 1-year low of $93.02 and a 1-year high of $117.65.

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 dividend of $0.32 per share. The ex-dividend date is Wednesday, February 21st. This represents a $1.28 annualized dividend and a yield of 1.21%. Skyworks Solutions’s payout ratio is presently 29.03%.

Skyworks Solutions declared that its Board of Directors has authorized a share 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 reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

In other news, insider Liam Griffin sold 15,059 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $95.09, for a total value of $1,431,960.31. Following the transaction, the insider now owns 62,359 shares in the company, valued at approximately $5,929,717.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Peter L. Gammel sold 12,500 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $103.96, for a total value of $1,299,500.00. The disclosure for this sale can be found here. Insiders sold a total of 62,248 shares of company stock worth $6,147,652 in the last quarter. 0.49% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Xact Kapitalforvaltning AB grew its stake in shares of Skyworks Solutions by 7.0% in the 4th quarter. Xact Kapitalforvaltning AB now owns 64,589 shares of the semiconductor manufacturer’s stock valued at $6,133,000 after buying an additional 4,233 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Skyworks Solutions by 3.6% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 106,028 shares of the semiconductor manufacturer’s stock valued at $10,067,000 after buying an additional 3,727 shares in the last quarter. We Are One Seven LLC bought a new stake in shares of Skyworks Solutions in the 4th quarter valued at approximately $235,000. HM Payson & Co. grew its stake in shares of Skyworks Solutions by 5.2% in the 4th quarter. HM Payson & Co. now owns 92,832 shares of the semiconductor manufacturer’s stock valued at $8,814,000 after buying an additional 4,561 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in shares of Skyworks Solutions by 78.3% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 10,700 shares of the semiconductor manufacturer’s stock valued at $1,016,000 after buying an additional 4,700 shares in the last quarter. Institutional investors own 81.06% of the company’s stock.

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About Skyworks Solutions

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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Earnings History and Estimates for Skyworks Solutions (NASDAQ:SWKS)

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