Skyworks Solutions (SWKS) to Release Quarterly Earnings on Wednesday

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Skyworks Solutions (NASDAQ:SWKS) will release its earnings data after the market closes on Wednesday, August 7th. Analysts expect Skyworks Solutions to post earnings of $1.21 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Skyworks Solutions stock opened at $75.82 on Tuesday. The business’s fifty day moving average is $80.22. The company has a market cap of $13.70 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.48 and a beta of 1.02. Skyworks Solutions has a one year low of $60.12 and a one year high of $96.25.

In related news, insider Peter L. Gammel sold 2,250 shares of Skyworks Solutions stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $73.36, for a total transaction of $165,060.00. Following the transaction, the insider now owns 11,490 shares in the company, valued at approximately $842,906.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David J. Aldrich sold 5,000 shares of Skyworks Solutions stock in a transaction on Friday, May 10th. The shares were sold at an average price of $83.13, for a total transaction of $415,650.00. Following the transaction, the director now owns 203,032 shares in the company, valued at approximately $16,878,050.16. The disclosure for this sale can be found here. Insiders have sold a total of 52,000 shares of company stock worth $4,177,703 in the last quarter. Corporate insiders own 0.64% of the company’s stock.

SWKS has been the topic of a number of research analyst reports. Mizuho reduced their target price on Skyworks Solutions from $89.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, June 5th. Citigroup raised their target price on Skyworks Solutions from $81.00 to $90.00 and gave the company a “neutral” rating in a report on Monday, May 6th. Argus downgraded Skyworks Solutions from a “buy” rating to a “hold” rating and set a $69.00 target price on the stock. in a report on Friday, June 7th. UBS Group reduced their target price on Skyworks Solutions from $93.00 to $77.00 and set a “neutral” rating on the stock in a report on Wednesday, May 22nd. Finally, Cowen reaffirmed a “market perform” rating and issued a $80.00 target price (down previously from $95.00) on shares of Skyworks Solutions in a report on Wednesday, June 5th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. Skyworks Solutions presently has an average rating of “Hold” and an average price target of $86.70.

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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Earnings History for Skyworks Solutions (NASDAQ:SWKS)

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