Skyworks Solutions (SWKS) Updates Q1 Earnings Guidance

Skyworks Solutions (NASDAQ:SWKS) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of $1.91 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.08. The company issued revenue guidance of $1.00-1.02 billion, compared to the consensus revenue estimate of $1.07 billion.Skyworks Solutions also updated its Q1 2019 guidance to $1.91-1.91 EPS.

Several research firms have weighed in on SWKS. ValuEngine cut Skyworks Solutions from a sell rating to a strong sell rating in a research report on Saturday. CIBC cut their price objective on Skyworks Solutions from $120.00 to $110.00 and set an outperform rating on the stock in a research report on Friday. BMO Capital Markets cut their price objective on Skyworks Solutions to $100.00 and set an outperform rating on the stock in a research report on Friday. Summit Redstone cut Skyworks Solutions to a hold rating in a research report on Friday. Finally, Canaccord Genuity cut their price objective on Skyworks Solutions from $115.00 to $102.00 and set a buy rating on the stock in a research report on Friday. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have issued a buy rating to the company. Skyworks Solutions presently has a consensus rating of Hold and a consensus price target of $107.79.

Shares of NASDAQ SWKS traded down $6.74 during trading on Friday, reaching $76.66. 8,436,241 shares of the stock traded hands, 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 stock has a market capitalization of $14.79 billion, a PE ratio of 12.50, a P/E/G ratio of 0.82 and a beta of 0.64.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, November 8th. The semiconductor manufacturer reported $1.94 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, research analysts forecast that Skyworks Solutions will post 7.34 earnings per share for the current fiscal year.

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

In related news, Director David J. Aldrich sold 3,000 shares of the stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $88.78, for a total transaction of $266,340.00. Following the sale, the director now owns 145,252 shares of the company’s stock, valued at approximately $12,895,472.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David J. Aldrich sold 5,500 shares of the stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $90.48, for a total value of $497,640.00. Following the sale, the director now directly owns 147,752 shares in the company, valued at approximately $13,368,600.96. The disclosure for this sale can be found here. Insiders have sold a total of 34,500 shares of company stock worth $3,126,050 in the last three months. 0.47% of the stock is currently owned by insiders.

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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, 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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