Equities research analysts expect Skyworks Solutions Inc (NASDAQ:SWKS) to report $765.94 million in sales for the current quarter, according to Zacks. Eight analysts have issued estimates for Skyworks Solutions’ earnings. The lowest sales estimate is $765.00 million and the highest is $770.55 million. Skyworks Solutions posted sales of $894.30 million during the same quarter last year, which would indicate a negative year over year growth rate of 14.4%. The business is expected to announce its next earnings results on Thursday, July 18th.
According to Zacks, analysts expect that Skyworks Solutions will report full year sales of $3.42 billion for the current year, with estimates ranging from $3.34 billion to $3.69 billion. For the next fiscal year, analysts expect that the firm will post sales of $3.48 billion, with estimates ranging from $3.27 billion to $3.93 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Skyworks Solutions.
Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, May 2nd. The semiconductor manufacturer reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.04. The business had revenue of $810.40 million for 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 business’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.64 EPS.
Shares of NASDAQ SWKS opened at $70.15 on Friday. The firm has a market cap of $11.99 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 1.18 and a beta of 0.91. Skyworks Solutions has a 12-month low of $60.12 and a 12-month high of $103.95.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st will be given a $0.38 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.17%. Skyworks Solutions’s payout ratio is 22.93%.
In related news, Director David J. Aldrich sold 10,000 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $85.74, for a total value of $857,400.00. Following the completion of the transaction, the director now owns 210,922 shares in the company, valued at approximately $18,084,452.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Liam Griffin sold 19,083 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $85.12, for a total value of $1,624,344.96. The disclosure for this sale can be found here. Insiders sold a total of 114,315 shares of company stock valued at $9,981,691 in the last three months. Insiders own 0.64% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Lindbrook Capital LLC purchased a new position in Skyworks Solutions in the 4th quarter worth $25,000. JOYN Advisors Inc. raised its stake in shares of Skyworks Solutions by 178.8% during the 4th quarter. JOYN Advisors Inc. now owns 368 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 236 shares during the last quarter. AdvisorNet Financial Inc raised its stake in shares of Skyworks Solutions by 98.5% during the 4th quarter. AdvisorNet Financial Inc now owns 405 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 201 shares during the last quarter. Doyle Wealth Management purchased a new position in shares of Skyworks Solutions during the 4th quarter valued at about $30,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Skyworks Solutions during the 1st quarter valued at about $38,000. Institutional investors own 81.07% of the company’s stock.
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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