Skyworks Solutions (SWKS) Releases Q1 2019 Earnings Guidance
Skyworks Solutions (NASDAQ:SWKS) issued an update on its first quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.91-1.91 for the period, compared to the Thomson Reuters consensus estimate of $2.08. The company issued revenue guidance of $1-1.02 billion, compared to the consensus revenue estimate of $1.07 billion.Skyworks Solutions also updated its Q1 guidance to $1.91 EPS.
NASDAQ SWKS traded down $6.74 during mid-day trading on Friday, hitting $76.66. The stock had a trading volume of 8,436,241 shares, compared to its average volume of 1,960,861. Skyworks Solutions has a 52-week low of $75.15 and a 52-week high of $115.98. The company has a market capitalization of $14.79 billion, a P/E ratio of 12.50, a PEG ratio of 0.82 and a beta of 0.64.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Thursday, November 8th. The semiconductor manufacturer reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.02. Skyworks Solutions had a return on equity of 30.31% and a net margin of 23.78%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the business posted $1.82 EPS. Skyworks Solutions’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts anticipate that Skyworks Solutions will post 7.34 earnings per share for the current year.
SWKS has been the subject of several recent research reports. ValuEngine downgraded Skyworks Solutions from a hold rating to a sell rating in a research report on Tuesday, July 24th. Barclays dropped their price target on Skyworks Solutions from $120.00 to $105.00 and set an overweight rating for the company in a research report on Tuesday, October 23rd. Morgan Stanley dropped their price target on Skyworks Solutions from $80.00 to $79.00 and set an underweight rating for the company in a research report on Wednesday, October 3rd. BidaskClub raised Skyworks Solutions from a sell rating to a hold rating in a research report on Thursday, October 4th. Finally, Zacks Investment Research downgraded Skyworks Solutions from a hold rating to a sell rating in a research report on Monday, October 8th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $107.79.
In other news, Director David J. Aldrich sold 5,500 shares of Skyworks Solutions stock in a transaction on Friday, October 5th. The stock was sold at an average price of $90.48, for a total value of $497,640.00. Following the completion of the sale, the director now owns 147,752 shares of the company’s stock, valued at $13,368,600.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David J. Aldrich sold 3,000 shares of Skyworks Solutions stock in a transaction on Friday, September 7th. The shares were sold at an average price of $88.78, for a total value of $266,340.00. Following the completion of the sale, the director now directly owns 145,252 shares of the company’s stock, valued at approximately $12,895,472.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,500 shares of company stock valued at $3,126,050. Company insiders own 0.47% 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, 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 shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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