Skyworks Solutions (NASDAQ:SWKS) Updates Q4 Earnings Guidance

Skyworks Solutions (NASDAQ:SWKS) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of approx $1.52 for the period, compared to the consensus estimate of $1.51. The company issued revenue guidance of $1.00 billion to $1.04 billion, compared to the consensus revenue estimate of $1.01 billion. Skyworks Solutions also updated its Q4 2024 guidance to 1.520-1.520 EPS.

Skyworks Solutions Stock Performance

NASDAQ:SWKS traded up $0.28 during mid-day trading on Tuesday, reaching $117.69. 4,316,661 shares of the stock were exchanged, compared to its average volume of 2,473,267. The company has a 50 day simple moving average of $104.56 and a 200-day simple moving average of $103.18. The stock has a market capitalization of $18.88 billion, a P/E ratio of 22.12, a P/E/G ratio of 5.53 and a beta of 1.23. The company has a quick ratio of 3.81, a current ratio of 5.19 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a 1 year low of $85.06 and a 1 year high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.05 billion. Analysts anticipate that Skyworks Solutions will post 5.14 earnings per share for the current fiscal year.

Skyworks Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.38%. This is a boost from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio (DPR) is presently 51.13%.

Analysts Set New Price Targets

Several research firms have recently commented on SWKS. Stifel Nicolaus reduced their price target on Skyworks Solutions from $122.00 to $112.00 and set a buy rating for the company in a report on Wednesday, May 1st. Wells Fargo & Company reduced their price objective on Skyworks Solutions from $110.00 to $100.00 and set an equal weight rating for the company in a report on Wednesday, May 1st. Susquehanna lifted their price objective on Skyworks Solutions from $90.00 to $125.00 and gave the stock a neutral rating in a report on Wednesday, July 17th. Piper Sandler reduced their price objective on Skyworks Solutions from $105.00 to $95.00 and set a neutral rating for the company in a report on Wednesday, May 1st. Finally, Needham & Company LLC reaffirmed a hold rating on shares of Skyworks Solutions in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $107.67.

Insider Activity at Skyworks Solutions

In related news, VP Philip Matthew Carter sold 452 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the completion of the sale, the vice president now directly owns 9,564 shares of the company’s stock, valued at $1,052,040. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Skyworks Solutions news, CEO Liam Griffin acquired 11,142 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired 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 directly owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Philip Matthew Carter sold 452 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total value of $49,720.00. Following the completion of the transaction, the vice president now directly owns 9,564 shares of the company’s stock, valued at $1,052,040. The disclosure for this sale can be found here. Insiders sold a total of 26,337 shares of company stock valued at $2,399,797 over the last three months. 0.34% of the stock is owned by 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.