Skyworks Solutions (NASDAQ:SWKS) Announces Earnings Results
Skyworks Solutions (NASDAQ:SWKS) posted its quarterly earnings data on Tuesday. The semiconductor manufacturer reported $1.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.02, RTT News reports. The firm had revenue of $827.00 million for the quarter, compared to the consensus estimate of $824.01 million. Skyworks Solutions had a net margin of 26.10% and a return on equity of 26.60%. The business’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.94 EPS. Skyworks Solutions updated its Q1 guidance to $1.65 EPS.
NASDAQ SWKS opened at $101.59 on Wednesday. The company has a market cap of $17.25 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06. Skyworks Solutions has a 52 week low of $60.12 and a 52 week high of $102.87. The firm’s 50-day simple moving average is $87.54 and its two-hundred day simple moving average is $80.32.
In other Skyworks Solutions news, Director David J. Aldrich sold 999 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $76.45, for a total transaction of $76,373.55. Following the sale, the director now directly owns 204,031 shares of the company’s stock, valued at $15,598,169.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Liam Griffin sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $99.01, for a total transaction of $1,980,200.00. Following the sale, the chief executive officer now directly owns 80,692 shares in the company, valued at $7,989,314.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,322 shares of company stock worth $5,285,945. Insiders own 0.64% 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, 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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