Skyworks Solutions (NASDAQ:SWKS) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Skyworks Solutions (NASDAQ:SWKS) issued its earnings results on Tuesday. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.03, Briefing.com reports. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Skyworks Solutions had a return on equity of 13.73% and a net margin of 14.27%. The firm’s quarterly revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.95 EPS. Skyworks Solutions updated its Q1 guidance to $1.57 EPS and its Q1 2025 guidance to 1.570-1.570 EPS.

Skyworks Solutions Price Performance

NASDAQ SWKS traded down $3.65 during mid-day trading on Wednesday, hitting $83.39. The stock had a trading volume of 2,307,261 shares, compared to its average volume of 2,361,231. The company has a 50 day simple moving average of $96.17 and a 200 day simple moving average of $100.61. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. The company has a market cap of $13.32 billion, a price-to-earnings ratio of 22.59, a P/E/G ratio of 3.95 and a beta of 1.21. Skyworks Solutions has a 52-week low of $82.13 and a 52-week high of $120.86.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.36%. Skyworks Solutions’s payout ratio is 75.68%.

Analyst Ratings Changes

Several brokerages have issued reports on SWKS. Robert W. Baird upped their target price on Skyworks Solutions from $90.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, July 31st. TD Cowen upped their target price on Skyworks Solutions from $90.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Mizuho dropped their target price on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating for the company in a report on Wednesday. B. Riley lowered their price target on Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $102.82.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Robert John Terry sold 1,821 shares of Skyworks Solutions stock in a transaction on Friday, November 8th. The stock was sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the transaction, the senior vice president now owns 24,567 shares of the company’s stock, valued at $2,214,960.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, SVP Robert John Terry sold 1,821 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $90.16, for a total value of $164,181.36. Following the sale, the senior vice president now owns 24,567 shares of the company’s stock, valued at approximately $2,214,960.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carlos S. Bori sold 9,321 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the transaction, the senior vice president now directly owns 37,203 shares of the company’s stock, valued at $3,793,589.91. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,162 shares of company stock valued at $2,306,291. Insiders own 0.34% of the company’s stock.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.