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.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Tuesday, November 27th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.98%. The ex-dividend date is Monday, November 26th. Skyworks Solutions’s payout ratio is currently 22.93%.

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.

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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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Earnings History and Estimates for Skyworks Solutions (NASDAQ:SWKS)

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