Wall Street analysts expect Skyworks Solutions Inc (NASDAQ:SWKS) to announce earnings per share (EPS) of $1.50 for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Skyworks Solutions’ earnings, with the lowest EPS estimate coming in at $1.49 and the highest estimate coming in at $1.51. Skyworks Solutions posted earnings of $1.94 per share during the same quarter last year, which would suggest a negative year over year growth rate of 22.7%. The firm is expected to report its next earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Skyworks Solutions will report full year earnings of $6.15 per share for the current fiscal year, with EPS estimates ranging from $6.14 to $6.17. For the next fiscal year, analysts expect that the business will report earnings of $6.16 per share, with EPS estimates ranging from $5.74 to $6.70. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Skyworks Solutions.

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

A number of research analysts recently issued reports on the company. ValuEngine raised Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. B. Riley cut their price target on shares of Skyworks Solutions from $110.00 to $95.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. JPMorgan Chase & Co. raised their price objective on shares of Skyworks Solutions from $80.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Zacks Investment Research cut shares of Skyworks Solutions from a “hold” rating to a “sell” rating and set a $85.00 price objective on the stock. in a research note on Wednesday, August 7th. Finally, Argus downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $69.00 target price on the stock. in a report on Friday, June 7th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $86.40.

Shares of Skyworks Solutions stock traded up $3.21 during trading on Friday, hitting $83.51. The stock had a trading volume of 2,069,699 shares, compared to its average volume of 2,007,218. The business has a fifty day moving average of $78.65 and a two-hundred day moving average of $79.74. Skyworks Solutions has a fifty-two week low of $60.12 and a fifty-two week high of $94.39. The firm has a market cap of $13.69 billion, a P/E ratio of 12.60, a PEG ratio of 1.70 and a beta of 1.02.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.11%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.38. Skyworks Solutions’s dividend payout ratio is presently 26.55%.

In related news, Director Timothy R. Furey sold 2,500 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $73.51, for a total transaction of $183,775.00. Following the transaction, the director now directly owns 24,324 shares of the company’s stock, valued at $1,788,057.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David J. Aldrich sold 5,000 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $75.50, for a total value of $377,500.00. Following the transaction, the director now directly owns 208,032 shares in the company, valued at $15,706,416. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,499 shares of company stock valued at $3,896,149. 0.64% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in SWKS. FMR LLC lifted its position in shares of Skyworks Solutions by 63.8% in the first quarter. FMR LLC now owns 3,517,246 shares of the semiconductor manufacturer’s stock worth $290,102,000 after purchasing an additional 1,370,337 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in shares of Skyworks Solutions during the first quarter worth approximately $81,554,000. Nuveen Asset Management LLC boosted its holdings in shares of Skyworks Solutions by 20,005.5% during the second quarter. Nuveen Asset Management LLC now owns 937,520 shares of the semiconductor manufacturer’s stock worth $72,442,000 after purchasing an additional 932,857 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Skyworks Solutions by 26.4% during the second quarter. AQR Capital Management LLC now owns 3,708,676 shares of the semiconductor manufacturer’s stock worth $286,347,000 after purchasing an additional 775,470 shares during the period. Finally, Platinum Investment Management Ltd. grew its position in Skyworks Solutions by 32.4% during the second quarter. Platinum Investment Management Ltd. now owns 2,553,417 shares of the semiconductor manufacturer’s stock valued at $197,303,000 after purchasing an additional 625,029 shares in the last quarter. 80.66% of the stock is currently owned by institutional investors.

About Skyworks Solutions

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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