Skyworks Solutions Inc (NASDAQ:SWKS) Expected to Earn Q1 2020 Earnings of $1.52 Per Share

Skyworks Solutions Inc (NASDAQ:SWKS) – Equities research analysts at Oppenheimer lowered their Q1 2020 earnings estimates for shares of Skyworks Solutions in a report released on Wednesday, November 13th. Oppenheimer analyst R. Schafer now forecasts that the semiconductor manufacturer will post earnings of $1.52 per share for the quarter, down from their prior estimate of $1.57. Oppenheimer also issued estimates for Skyworks Solutions’ Q2 2020 earnings at $1.27 EPS, Q3 2020 earnings at $1.39 EPS, Q4 2020 earnings at $1.58 EPS, FY2020 earnings at $5.75 EPS and FY2021 earnings at $6.88 EPS.

A number of other equities research analysts have also commented on SWKS. Cowen restated an “outperform” rating and set a $105.00 price objective (up from $95.00) on shares of Skyworks Solutions in a report on Wednesday, November 13th. They noted that the move was a valuation call. Needham & Company LLC raised their price objective on shares of Skyworks Solutions from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. boosted their price objective on shares of Skyworks Solutions from $82.00 to $102.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Barclays boosted their price objective on shares of Skyworks Solutions from $80.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Cascend Securities boosted their price objective on shares of Skyworks Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $99.92.

Shares of NASDAQ:SWKS opened at $99.42 on Monday. Skyworks Solutions has a 12 month low of $60.12 and a 12 month high of $102.87. The company’s fifty day simple moving average is $88.74 and its 200 day simple moving average is $80.49. The firm has a market cap of $16.96 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 1.44 and a beta of 1.06.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.02. Skyworks Solutions had a net margin of 25.28% and a return on equity of 24.41%. The company had revenue of $827.00 million for the quarter, compared to analysts’ expectations of $824.01 million. During the same period last year, the firm posted $1.94 earnings per share. The business’s quarterly revenue was down 18.0% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Monday, December 2nd. Skyworks Solutions’s dividend payout ratio is currently 30.82%.

In other news, Director David J. Aldrich sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $99.35, for a total transaction of $993,500.00. Following the completion of the sale, the director now owns 213,032 shares of the company’s stock, valued at approximately $21,164,729.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Liam Griffin sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $99.01, for a total transaction of $1,980,200.00. Following the sale, the chief executive officer now directly owns 80,692 shares of the company’s stock, valued at approximately $7,989,314.92. The disclosure for this sale can be found here. Insiders sold a total of 74,884 shares of company stock valued at $7,259,277 in the last three months. Insiders own 0.64% of the company’s stock.

Several institutional investors have recently modified their holdings of SWKS. Fulton Bank N.A. increased its position in Skyworks Solutions by 5.2% during the 2nd quarter. Fulton Bank N.A. now owns 19,895 shares of the semiconductor manufacturer’s stock worth $1,537,000 after purchasing an additional 982 shares in the last quarter. DNB Asset Management AS increased its position in Skyworks Solutions by 195.3% during the 2nd quarter. DNB Asset Management AS now owns 835,404 shares of the semiconductor manufacturer’s stock worth $64,552,000 after purchasing an additional 552,548 shares in the last quarter. WINTON GROUP Ltd increased its position in Skyworks Solutions by 29.9% during the 2nd quarter. WINTON GROUP Ltd now owns 176,535 shares of the semiconductor manufacturer’s stock worth $13,641,000 after purchasing an additional 40,627 shares in the last quarter. Bangor Savings Bank increased its position in Skyworks Solutions by 3.2% during the 2nd quarter. Bangor Savings Bank now owns 10,701 shares of the semiconductor manufacturer’s stock worth $827,000 after purchasing an additional 333 shares in the last quarter. Finally, Rowland & Co. Investment Counsel ADV increased its position in Skyworks Solutions by 22.4% in the 2nd quarter. Rowland & Co. Investment Counsel ADV now owns 13,293 shares of the semiconductor manufacturer’s stock valued at $1,030,000 after acquiring an additional 2,430 shares during the period. 82.01% of the stock is owned by 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, antenna tuners, 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 locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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

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