Skyworks Solutions, Inc. (SWKS) Updates Q4 Earnings Guidance
Skyworks Solutions, Inc. (SWKS) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $0.52 for the period.
Skyworks Solutions, Inc. (SWKS) traded down 6.95% on Thursday, hitting $27.43. Skyworks Solutions, Inc. (SWKS) has a 1-year low of $13.72 and a 1-year high of $31.44. The company has a market cap of $5.235 billion and a price-to-earnings ratio of 27.30.
Skyworks Solutions last posted its quarterly earnings results on Wednesday, July 18th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.01. The company’s revenue for the quarter was up 9.2% on a year-over-year basis.
SWKS has been the subject of a number of recent research reports. Analysts at UBS AG raised their price target on shares of Skyworks Solutions from $33.00 to $36.00 in a research note to investors on Thursday, September 6th. They now have a buy rating on the stock. On a related note, analysts at Barclays Capital downgraded shares of Skyworks Solutions from an overweight rating to an equal weight rating in a research note to investors on Tuesday, September 4th. They now have a $28.00 price target on the stock, down previously from $30.00. Finally, analysts at Bank of America raised their price target on shares of Skyworks Solutions to $36.00 in a research note to investors on Thursday, August 23rd. They now have a buy rating on the stock.
Skyworks Solutions, Inc. (Skyworks) offers analog and mixed signal semiconductors. Skyworks offers custom linear products supporting automotive, broadband, cellular infrastructure, energy management, industrial, medical, military and cellular handset applications.
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