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.
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.
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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