Skyworks Solutions (SWKS) Announces Earnings Results

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Skyworks Solutions (NASDAQ:SWKS) announced its quarterly earnings results on Thursday. The semiconductor manufacturer reported $1.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.02, RTT News reports. Skyworks Solutions had a return on equity of 30.31% and a net margin of 23.78%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the company posted $1.82 earnings per share. Skyworks Solutions’s revenue for the quarter was up 2.3% on a year-over-year basis. Skyworks Solutions updated its Q1 2019 guidance to $1.91-1.91 EPS and its Q1 guidance to $1.91 EPS.

Shares of SWKS traded down $6.74 during trading hours on Friday, hitting $76.66. 8,436,241 shares of the stock were exchanged, compared to its average volume of 1,960,861. Skyworks Solutions has a 12-month low of $75.15 and a 12-month high of $115.98. The stock has a market capitalization of $14.79 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 0.82 and a beta of 0.64.

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 given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Monday, November 26th. Skyworks Solutions’s payout ratio is 22.93%.

In other Skyworks Solutions news, Director David J. Aldrich sold 3,000 shares of the company’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $88.78, for a total value of $266,340.00. Following the completion of the sale, the director now directly owns 145,252 shares in the company, valued at approximately $12,895,472.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David J. Aldrich sold 10,000 shares of the company’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $92.89, for a total value of $928,900.00. Following the completion of the sale, the director now owns 152,252 shares of the company’s stock, valued at $14,142,688.28. The disclosure for this sale can be found here. Insiders have sold 34,500 shares of company stock valued at $3,126,050 over the last quarter. 0.47% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale grew its holdings in Skyworks Solutions by 22.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 103,064 shares of the semiconductor manufacturer’s stock valued at $9,508,000 after buying an additional 19,137 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Skyworks Solutions by 18.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 210,187 shares of the semiconductor manufacturer’s stock valued at $19,066,000 after buying an additional 31,994 shares in the last quarter. CIBC World Markets Inc. grew its holdings in Skyworks Solutions by 23.4% in the 3rd quarter. CIBC World Markets Inc. now owns 9,823 shares of the semiconductor manufacturer’s stock valued at $891,000 after buying an additional 1,860 shares in the last quarter. FMR LLC grew its holdings in Skyworks Solutions by 22.6% in the 3rd quarter. FMR LLC now owns 1,434,635 shares of the semiconductor manufacturer’s stock valued at $130,136,000 after buying an additional 264,346 shares in the last quarter. Finally, American International Group Inc. grew its holdings in Skyworks Solutions by 3.3% in the 3rd quarter. American International Group Inc. now owns 79,821 shares of the semiconductor manufacturer’s stock valued at $7,241,000 after buying an additional 2,545 shares in the last quarter. Institutional investors own 80.71% of the company’s stock.

A number of analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and issued a $118.00 price objective on shares of Skyworks Solutions in a research report on Tuesday, August 7th. BidaskClub upgraded Skyworks Solutions from a “strong sell” rating to a “sell” rating in a research report on Friday, September 21st. Summit Redstone cut Skyworks Solutions to a “hold” rating in a research report on Friday. ValuEngine upgraded Skyworks Solutions from a “strong sell” rating to a “sell” rating in a research report on Friday, September 21st. Finally, Morgan Stanley cut their price objective on Skyworks Solutions from $80.00 to $79.00 and set an “underweight” rating for the company in a research report on Wednesday, October 3rd. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $107.79.

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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 for Skyworks Solutions (NASDAQ:SWKS)

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