Skyworks Solutions (SWKS) Set to Announce Quarterly Earnings on Tuesday

Skyworks Solutions (NASDAQ:SWKS) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of $1.21 per share for the quarter. Skyworks Solutions has set its Q3 2024 guidance at 1.210-1.210 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.08. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. On average, analysts expect Skyworks Solutions to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Skyworks Solutions Trading Up 3.1 %

Shares of SWKS opened at $116.18 on Monday. Skyworks Solutions has a 52-week low of $85.06 and a 52-week high of $120.86. The business’s fifty day moving average is $103.59 and its 200-day moving average is $102.97. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.81 and a current ratio of 5.19. The firm has a market cap of $18.64 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 5.53 and a beta of 1.23.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were paid a $0.68 dividend. The ex-dividend date was Monday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.34%. Skyworks Solutions’s payout ratio is 51.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SWKS shares. Wolfe Research lowered Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a research note on Thursday, May 9th. Piper Sandler cut their price objective on Skyworks Solutions from $105.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. JPMorgan Chase & Co. cut their price objective on Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Citigroup cut their price objective on Skyworks Solutions from $85.00 to $83.00 and set a “sell” rating on the stock in a report on Thursday, May 2nd. Finally, UBS Group cut their price objective on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $107.14.

Insiders Place Their Bets

In related news, CEO Liam Griffin bought 11,142 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the acquisition, the chief executive officer now owns 104,153 shares of the company’s stock, valued at $9,373,770. The purchase was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Liam Griffin bought 11,142 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average cost of $90.00 per share, with a total value of $1,002,780.00. Following the acquisition, the chief executive officer now owns 104,153 shares of the company’s stock, valued at $9,373,770. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert A. Schriesheim sold 25,433 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the transaction, the director now directly owns 60,881 shares in the company, valued at $5,495,727.87. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,337 shares of company stock valued at $2,399,797. 0.34% 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 in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.