Equities analysts predict that Skyworks Solutions, Inc. (NASDAQ:SWKS) will announce $1.05 billion in sales for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Skyworks Solutions’ earnings, with the lowest sales estimate coming in at $1.05 billion and the highest estimate coming in at $1.06 billion. Skyworks Solutions reported sales of $914.30 million in the same quarter last year, which indicates a positive year over year growth rate of 14.8%. The firm is expected to issue its next quarterly earnings results after the market closes on Monday, February 5th.

On average, analysts expect that Skyworks Solutions will report full year sales of $1.05 billion for the current financial year, with estimates ranging from $3.89 billion to $4.14 billion. For the next year, analysts forecast that the firm will report sales of $4.38 billion per share, with estimates ranging from $4.12 billion to $4.51 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Skyworks Solutions.

Skyworks Solutions (NASDAQ:SWKS) last issued its earnings results on Monday, November 6th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.05. Skyworks Solutions had a net margin of 27.67% and a return on equity of 29.17%.

SWKS has been the topic of a number of recent analyst reports. Bank of America upped their target price on shares of Skyworks Solutions from $120.00 to $125.00 in a research note on Tuesday, November 7th. Mizuho restated a “buy” rating and issued a $120.00 target price on shares of Skyworks Solutions in a research note on Monday, October 9th. Instinet restated a “buy” rating and issued a $115.00 target price on shares of Skyworks Solutions in a research note on Tuesday, September 26th. Craig Hallum reiterated a “buy” rating on shares of Skyworks Solutions in a research note on Thursday, September 21st. Finally, B. Riley reiterated a “buy” rating and set a $131.00 price objective on shares of Skyworks Solutions in a research note on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $116.00.

Shares of Skyworks Solutions (NASDAQ SWKS) traded down $3.09 during trading on Friday, hitting $99.20. 1,770,373 shares of the stock were exchanged, compared to its average volume of 2,012,442. The firm has a market cap of $18,530.00, a price-to-earnings ratio of 18.34, a PEG ratio of 1.02 and a beta of 0.83. Skyworks Solutions has a 1-year low of $78.18 and a 1-year high of $117.65.

In other Skyworks Solutions news, SVP Robert John Terry sold 7,986 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $110.32, for a total value of $881,015.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Carlos S. Bori sold 4,377 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $108.30, for a total transaction of $474,029.10. Following the completion of the sale, the senior vice president now owns 17,645 shares in the company, valued at approximately $1,910,953.50. The disclosure for this sale can be found here. Insiders sold 161,864 shares of company stock worth $17,246,539 in the last 90 days. 0.49% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Skyworks Solutions by 2.8% in the second quarter. Vanguard Group Inc. now owns 18,326,001 shares of the semiconductor manufacturer’s stock valued at $1,758,380,000 after acquiring an additional 502,995 shares in the last quarter. Manning & Napier Advisors LLC boosted its holdings in shares of Skyworks Solutions by 9.3% in the third quarter. Manning & Napier Advisors LLC now owns 2,190,222 shares of the semiconductor manufacturer’s stock valued at $223,182,000 after acquiring an additional 186,077 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its holdings in shares of Skyworks Solutions by 27.9% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,670,875 shares of the semiconductor manufacturer’s stock valued at $170,262,000 after acquiring an additional 364,933 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of Skyworks Solutions by 953.8% in the second quarter. Voya Investment Management LLC now owns 1,290,395 shares of the semiconductor manufacturer’s stock valued at $123,813,000 after acquiring an additional 1,167,942 shares in the last quarter. Finally, APG Asset Management N.V. boosted its holdings in shares of Skyworks Solutions by 23.9% in the third quarter. APG Asset Management N.V. now owns 1,286,939 shares of the semiconductor manufacturer’s stock valued at $131,139,000 after acquiring an additional 248,200 shares in the last quarter. Institutional investors own 81.59% of the company’s stock.

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About Skyworks Solutions

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

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