Skyworks Solutions (NASDAQ:SWKS) Issues Quarterly Earnings Results

Skyworks Solutions (NASDAQ:SWKS) announced its quarterly earnings data on Tuesday. The semiconductor manufacturer reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03, Briefing.com reports. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.95 earnings per share. Skyworks Solutions updated its Q1 guidance to $1.57 EPS and its Q1 2025 guidance to 1.570-1.570 EPS.

Skyworks Solutions Trading Up 1.0 %

SWKS stock opened at $84.00 on Friday. Skyworks Solutions has a twelve month low of $82.13 and a twelve month high of $120.86. The stock has a market capitalization of $13.42 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 3.77 and a beta of 1.21. The company has a quick ratio of 4.29, a current ratio of 3.01 and a debt-to-equity ratio of 0.16. The firm’s fifty day simple moving average is $95.44 and its two-hundred day simple moving average is $100.37.

Skyworks Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.33%. The ex-dividend date is Tuesday, December 3rd. Skyworks Solutions’s payout ratio is 75.68%.

Insider Transactions at Skyworks Solutions

In related news, SVP Robert John Terry sold 10,522 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the transaction, the senior vice president now owns 15,960 shares in the company, valued at $1,404,639.60. The trade was a 39.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Carlos S. Bori sold 10,177 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the transaction, the senior vice president now directly owns 27,026 shares in the company, valued at $2,638,548.38. This trade represents a 27.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,841 shares of company stock worth $3,034,265. 0.34% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on SWKS. Morgan Stanley cut their price target on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating for the company in a research note on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of Skyworks Solutions in a research note on Wednesday, July 31st. Benchmark reissued a “hold” rating on shares of Skyworks Solutions in a report on Wednesday. Mizuho reduced their price objective on shares of Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Stifel Nicolaus boosted their target price on shares of Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $101.00.

Skyworks Solutions Company Profile

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.