Analysts Expect Skyworks Solutions Inc (NASDAQ:SWKS) to Post $1.34 EPS

Wall Street analysts expect that Skyworks Solutions Inc (NASDAQ:SWKS) will report earnings per share of $1.34 for the current quarter, Zacks reports. Eight analysts have provided estimates for Skyworks Solutions’ earnings. The lowest EPS estimate is $1.33 and the highest is $1.35. Skyworks Solutions posted earnings of $1.64 per share in the same quarter last year, which indicates a negative year over year growth rate of 18.3%. The business is expected to issue its next earnings report on Thursday, July 18th.

According to Zacks, analysts expect that Skyworks Solutions will report full year earnings of $6.19 per share for the current year, with EPS estimates ranging from $6.06 to $6.29. For the next year, analysts forecast that the business will report earnings of $6.47 per share, with EPS estimates ranging from $6.00 to $7.07. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Skyworks Solutions.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, May 2nd. The semiconductor manufacturer reported $1.47 EPS for the quarter, beating the consensus estimate of $1.43 by $0.04. The company had revenue of $810.40 million during the quarter, compared to analysts’ expectations of $809.52 million. Skyworks Solutions had a return on equity of 28.25% and a net margin of 29.06%. The firm’s revenue was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.64 EPS.

SWKS has been the subject of several recent analyst reports. TheStreet upgraded Skyworks Solutions from a “c+” rating to a “b-” rating in a report on Wednesday, February 27th. Canaccord Genuity lifted their price target on Skyworks Solutions from $84.00 to $99.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Craig Hallum restated a “buy” rating and issued a $105.00 price target (up previously from $90.00) on shares of Skyworks Solutions in a report on Friday, May 3rd. BidaskClub upgraded Skyworks Solutions from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. Finally, Zacks Investment Research raised Skyworks Solutions from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Thursday, May 9th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $87.40.

In related news, insider Peter L. Gammel sold 2,250 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $73.36, for a total transaction of $165,060.00. Following the transaction, the insider now directly owns 11,490 shares of the company’s stock, valued at approximately $842,906.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David J. Aldrich sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the transaction, the director now directly owns 205,922 shares in the company, valued at $16,768,228.46. The disclosure for this sale can be found here. Insiders have sold a total of 114,214 shares of company stock worth $9,952,065 over the last three months. 0.64% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC lifted its holdings in Skyworks Solutions by 25.9% in the third quarter. Teachers Advisors LLC now owns 449,644 shares of the semiconductor manufacturer’s stock valued at $40,787,000 after acquiring an additional 92,408 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in Skyworks Solutions in the 4th quarter valued at approximately $832,000. Keybank National Association OH grew its stake in Skyworks Solutions by 3.8% in the 4th quarter. Keybank National Association OH now owns 4,992 shares of the semiconductor manufacturer’s stock valued at $335,000 after buying an additional 182 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Skyworks Solutions by 42.7% in the 4th quarter. Advisors Asset Management Inc. now owns 4,407 shares of the semiconductor manufacturer’s stock valued at $295,000 after buying an additional 1,319 shares in the last quarter. Finally, TD Asset Management Inc. grew its stake in Skyworks Solutions by 5.4% in the 4th quarter. TD Asset Management Inc. now owns 193,557 shares of the semiconductor manufacturer’s stock valued at $12,972,000 after buying an additional 9,871 shares in the last quarter. 81.08% of the stock is currently owned by hedge funds and other institutional investors.

SWKS traded down $1.55 during midday trading on Friday, hitting $71.80. The company’s stock had a trading volume of 1,966,133 shares, compared to its average volume of 2,081,208. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91. Skyworks Solutions has a 52-week low of $60.12 and a 52-week high of $103.95.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 21st were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.12%. The ex-dividend date was Monday, May 20th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 22.93%.

Skyworks Solutions Company Profile

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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