Zacks: Analysts Anticipate Skyworks Solutions Inc (SWKS) to Post $1.91 Earnings Per Share

Brokerages expect Skyworks Solutions Inc (NASDAQ:SWKS) to announce $1.91 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Skyworks Solutions’ earnings. The lowest EPS estimate is $1.91 and the highest is $1.92. Skyworks Solutions reported earnings per share of $1.82 in the same quarter last year, which suggests a positive year over year growth rate of 4.9%. The company is expected to report its next quarterly earnings report on Monday, November 5th.

According to Zacks, analysts expect that Skyworks Solutions will report full year earnings of $7.20 per share for the current fiscal year, with EPS estimates ranging from $7.19 to $7.23. For the next year, analysts forecast that the company will report earnings of $7.82 per share, with EPS estimates ranging from $7.52 to $8.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Skyworks Solutions.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, July 19th. The semiconductor manufacturer reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $894.30 million for the quarter, compared to analysts’ expectations of $889.00 million. Skyworks Solutions had a return on equity of 30.31% and a net margin of 23.78%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.57 earnings per share.



Several analysts have recently commented on SWKS shares. ValuEngine cut Skyworks Solutions from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Craig Hallum restated a “buy” rating and set a $115.00 target price (down previously from $125.00) on shares of Skyworks Solutions in a report on Friday, May 4th. Robert W. Baird started coverage on Skyworks Solutions in a report on Wednesday, May 2nd. They set an “outperform” rating and a $125.00 target price on the stock. Raymond James cut Skyworks Solutions from an “outperform” rating to a “market perform” rating in a report on Friday, May 18th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $115.00 price target on shares of Skyworks Solutions in a report on Friday, July 20th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $115.53.

Shares of SWKS stock traded down $0.78 during trading hours on Wednesday, hitting $94.42. 80,313 shares of the company’s stock were exchanged, compared to its average volume of 1,975,911. The stock has a market capitalization of $17.04 billion, a PE ratio of 15.88, a PEG ratio of 1.05 and a beta of 0.63. Skyworks Solutions has a 52 week low of $86.13 and a 52 week high of $117.65.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 28th. Shareholders of record on Tuesday, August 7th will be paid a $0.38 dividend. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Monday, August 6th. This represents a $1.52 annualized dividend and a yield of 1.61%. Skyworks Solutions’s dividend payout ratio is presently 21.40%.

In other Skyworks Solutions news, Director David J. Aldrich sold 10,000 shares of the stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $95.92, for a total value of $959,200.00. Following the transaction, the director now owns 152,252 shares of the company’s stock, valued at $14,604,011.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christine King sold 2,401 shares of the stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $97.67, for a total value of $234,505.67. Following the completion of the transaction, the director now directly owns 14,928 shares in the company, valued at approximately $1,458,017.76. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Cim LLC lifted its stake in Skyworks Solutions by 12.1% in the second quarter. Cim LLC now owns 4,710 shares of the semiconductor manufacturer’s stock valued at $455,000 after buying an additional 507 shares during the period. Mckinley Capital Management LLC Delaware raised its position in shares of Skyworks Solutions by 67.2% during the first quarter. Mckinley Capital Management LLC Delaware now owns 1,478 shares of the semiconductor manufacturer’s stock worth $148,000 after purchasing an additional 594 shares during the period. Wetherby Asset Management Inc. raised its position in shares of Skyworks Solutions by 17.8% during the second quarter. Wetherby Asset Management Inc. now owns 4,163 shares of the semiconductor manufacturer’s stock worth $402,000 after purchasing an additional 630 shares during the period. BancorpSouth Bank raised its position in shares of Skyworks Solutions by 8.0% during the first quarter. BancorpSouth Bank now owns 8,651 shares of the semiconductor manufacturer’s stock worth $867,000 after purchasing an additional 638 shares during the period. Finally, Avestar Capital LLC raised its position in shares of Skyworks Solutions by 6.9% during the first quarter. Avestar Capital LLC now owns 11,508 shares of the semiconductor manufacturer’s stock worth $1,152,000 after purchasing an additional 745 shares during the period. 81.41% of the stock is currently owned by hedge funds and other institutional investors.

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, 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 shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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