Wall Street brokerages forecast that Skyworks Solutions, Inc. (NASDAQ:SWKS) will post earnings of $1.60 per share for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Skyworks Solutions’ earnings, with the lowest EPS estimate coming in at $1.58 and the highest estimate coming in at $1.66. Skyworks Solutions reported earnings of $1.45 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.3%. The firm is expected to report its next earnings results on Thursday, April 26th.
On average, analysts expect that Skyworks Solutions will report full-year earnings of $7.25 per share for the current year, with EPS estimates ranging from $7.00 to $7.40. For the next year, analysts anticipate that the company will post earnings of $8.09 per share, with EPS estimates ranging from $7.61 to $8.50. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Skyworks Solutions.
Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Monday, February 5th. The semiconductor manufacturer reported $2.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.91 by $0.09. Skyworks Solutions had a return on equity of 30.21% and a net margin of 21.72%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the business earned $1.61 EPS. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis.
In other news, SVP Carlos S. Bori sold 2,151 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $107.20, for a total value of $230,587.20. Following the completion of the transaction, the senior vice president now owns 9,372 shares of the company’s stock, valued at approximately $1,004,678.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Liam Griffin sold 16,250 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $109.52, for a total value of $1,779,700.00. Following the completion of the transaction, the chief executive officer now directly owns 65,397 shares of the company’s stock, valued at approximately $7,162,279.44. The disclosure for this sale can be found here. In the last three months, insiders sold 82,243 shares of company stock valued at $8,337,541. Insiders own 0.49% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Financial Engines Advisors L.L.C. purchased a new position in shares of Skyworks Solutions in the 3rd quarter valued at about $126,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Skyworks Solutions in the 2nd quarter valued at about $202,000. Round Table Services LLC purchased a new position in shares of Skyworks Solutions in the 3rd quarter valued at about $204,000. Intact Investment Management Inc. purchased a new position in shares of Skyworks Solutions in the 3rd quarter valued at about $204,000. Finally, Park Avenue Securities LLC purchased a new position in shares of Skyworks Solutions in the 3rd quarter valued at about $211,000. 81.06% of the stock is owned by institutional investors and hedge funds.
Skyworks Solutions (NASDAQ SWKS) opened at $104.11 on Tuesday. Skyworks Solutions has a one year low of $91.92 and a one year high of $117.65. The firm has a market capitalization of $18,998.29, a price-to-earnings ratio of 23.61, a P/E/G ratio of 1.03 and a beta of 0.69.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 22nd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 1.23%. Skyworks Solutions’s dividend payout ratio (DPR) is presently 29.03%.
Skyworks Solutions declared that its Board of Directors has initiated a stock buyback plan on Monday, February 5th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the semiconductor manufacturer to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
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About Skyworks Solutions
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
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