Skyworks Solutions (SWKS) Releases Q1 2019 Earnings Guidance

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Skyworks Solutions (NASDAQ:SWKS) updated its first quarter 2019 earnings guidance on Thursday. 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.

A number of research analysts have recently commented on SWKS shares. Cowen reiterated a hold rating and issued a $105.00 price objective (up previously from $100.00) on shares of Skyworks Solutions in a report on Friday, July 20th. Craig Hallum dropped their price objective on Skyworks Solutions from $120.00 to $105.00 and set a buy rating on the stock in a report on Friday. Needham & Company LLC dropped their price objective on Skyworks Solutions to $99.00 and set a buy rating on the stock in a report on Friday. Loop Capital dropped their price objective on Skyworks Solutions to $102.00 and set a buy rating on the stock in a report on Friday. Finally, Canaccord Genuity dropped their price objective on Skyworks Solutions from $115.00 to $102.00 and set a buy rating on the stock in a report on Friday. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $107.79.

NASDAQ:SWKS traded down $6.74 during mid-day trading on Friday, reaching $76.66. 8,436,241 shares of the stock were exchanged, compared to its average volume of 1,960,861. The company 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 has a 1 year low of $75.15 and a 1 year high of $115.98.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Thursday, November 8th. The semiconductor manufacturer reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.02. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. Skyworks Solutions had a return on equity of 30.31% and a net margin of 23.78%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.82 EPS. Equities research analysts predict that Skyworks Solutions will post 7.34 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Tuesday, November 27th will be paid 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 is presently 22.93%.

In other Skyworks Solutions news, Director David J. Aldrich sold 3,000 shares of the stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $86.25, for a total transaction of $258,750.00. Following the completion of the sale, the director now directly owns 144,251 shares of the company’s stock, valued at approximately $12,441,648.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David J. Aldrich sold 5,500 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 147,752 shares of the company’s stock, valued at $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 90 days. 0.47% of the stock is currently owned by company 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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