Equities analysts predict that Skyworks Solutions Inc (NASDAQ:SWKS) will post sales of $825.39 million for the current quarter, according to Zacks. Seven analysts have made estimates for Skyworks Solutions’ earnings, with the highest sales estimate coming in at $827.12 million and the lowest estimate coming in at $825.00 million. Skyworks Solutions posted sales of $1.01 billion in the same quarter last year, which suggests a negative year over year growth rate of 18.3%. The firm is expected to issue its next earnings report on Thursday, November 14th.

On average, analysts expect that Skyworks Solutions will report full year sales of $3.38 billion for the current financial year, with estimates ranging from $3.37 billion to $3.39 billion. For the next year, analysts anticipate that the firm will post sales of $3.38 billion, with estimates ranging from $3.28 billion to $3.54 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Skyworks Solutions.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.14. Skyworks Solutions had a return on equity of 26.60% and a net margin of 26.10%. The business had revenue of $767.00 million during the quarter, compared to analyst estimates of $767.71 million. During the same quarter in the previous year, the firm posted $1.64 EPS. The business’s revenue for the quarter was down 14.2% compared to the same quarter last year.

A number of research analysts have issued reports on SWKS shares. Cowen reiterated a “market perform” rating and set a $80.00 price target (down previously from $95.00) on shares of Skyworks Solutions in a research report on Wednesday, June 5th. B. Riley cut their price objective on Skyworks Solutions from $110.00 to $95.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. Argus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $69.00 price target for the company. in a report on Friday, June 7th. Cascend Securities raised shares of Skyworks Solutions from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a research note on Monday, June 10th. Finally, Canaccord Genuity lowered their target price on shares of Skyworks Solutions from $83.00 to $82.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have assigned a buy rating to the company. Skyworks Solutions presently has an average rating of “Hold” and an average target price of $86.40.

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 completion of the transaction, the insider now owns 11,490 shares in the company, valued at approximately $842,906.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David J. Aldrich sold 999 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $76.45, for a total value of $76,373.55. Following the transaction, the director now owns 204,031 shares of the company’s stock, valued at approximately $15,598,169.95. The disclosure for this sale can be found here. Insiders have sold a total of 50,749 shares of company stock valued at $4,061,209 in the last 90 days. Insiders own 0.64% of the company’s stock.

A number of hedge funds have recently made changes to their positions in SWKS. Garrison Point Advisors LLC lifted its holdings in shares of Skyworks Solutions by 2.2% in the first quarter. Garrison Point Advisors LLC now owns 5,690 shares of the semiconductor manufacturer’s stock valued at $469,000 after buying an additional 120 shares during the period. Xact Kapitalforvaltning AB increased its position in Skyworks Solutions by 0.3% in the 1st quarter. Xact Kapitalforvaltning AB now owns 48,916 shares of the semiconductor manufacturer’s stock worth $4,035,000 after purchasing an additional 124 shares during the last quarter. Capital Investment Counsel Inc increased its position in Skyworks Solutions by 0.3% in the 1st quarter. Capital Investment Counsel Inc now owns 42,646 shares of the semiconductor manufacturer’s stock worth $3,517,000 after purchasing an additional 135 shares during the last quarter. Parallel Advisors LLC increased its position in Skyworks Solutions by 10.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,482 shares of the semiconductor manufacturer’s stock worth $115,000 after purchasing an additional 136 shares during the last quarter. Finally, Montag & Caldwell LLC increased its position in Skyworks Solutions by 4.2% in the 1st quarter. Montag & Caldwell LLC now owns 3,489 shares of the semiconductor manufacturer’s stock worth $288,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 81.12% of the company’s stock.

NASDAQ:SWKS traded up $0.84 during midday trading on Friday, reaching $77.58. 1,173,921 shares of the company traded hands, compared to its average volume of 2,049,011. Skyworks Solutions has a twelve month low of $60.12 and a twelve month high of $94.39. The firm has a market capitalization of $13.16 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 1.64 and a beta of 1.02. The company has a fifty day moving average price of $80.59 and a 200 day moving average price of $80.22.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, August 26th. This represents a $1.76 dividend on an annualized basis and a yield of 2.27%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.38. Skyworks Solutions’s payout ratio is currently 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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