Skyworks Solutions, Inc. to Post Q4 2024 Earnings of $1.25 Per Share, B. Riley Forecasts (NASDAQ:SWKS)

Skyworks Solutions, Inc. (NASDAQ:SWKS) – Equities researchers at B. Riley boosted their Q4 2024 EPS estimates for shares of Skyworks Solutions in a report released on Tuesday, July 30th. B. Riley analyst C. Ellis now forecasts that the semiconductor manufacturer will post earnings per share of $1.25 for the quarter, up from their previous estimate of $1.18. B. Riley has a “Buy” rating and a $130.00 price target on the stock. The consensus estimate for Skyworks Solutions’ current full-year earnings is $5.14 per share.

SWKS has been the subject of several other research reports. Benchmark downgraded shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Bank of America lifted their price objective on shares of Skyworks Solutions from $95.00 to $110.00 and gave the stock an “underperform” rating in a research report on Wednesday. TD Cowen lifted their price objective on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday. Wolfe Research cut shares of Skyworks Solutions from an “outperform” rating to a “peer perform” rating in a research report on Thursday, May 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Skyworks Solutions currently has a consensus rating of “Hold” and a consensus price target of $113.94.

Skyworks Solutions Stock Performance

NASDAQ:SWKS opened at $108.01 on Friday. The company has a fifty day simple moving average of $105.30 and a two-hundred day simple moving average of $103.28. The company has a market cap of $17.33 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 5.41 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 52 week low of $85.06 and a 52 week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 EPS for the quarter, hitting the consensus estimate of $1.21. The business had revenue of $905.50 million during the quarter, compared to the consensus estimate of $900.41 million. Skyworks Solutions had a net margin of 17.85% and a return on equity of 15.48%. The company’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.50 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Skyworks Solutions by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 19,401,952 shares of the semiconductor manufacturer’s stock worth $2,101,619,000 after purchasing an additional 745,374 shares in the last quarter. Pzena Investment Management LLC increased its stake in shares of Skyworks Solutions by 27.5% during the 1st quarter. Pzena Investment Management LLC now owns 3,429,148 shares of the semiconductor manufacturer’s stock worth $371,445,000 after purchasing an additional 740,048 shares in the last quarter. FIL Ltd increased its stake in shares of Skyworks Solutions by 2.4% during the 4th quarter. FIL Ltd now owns 2,746,162 shares of the semiconductor manufacturer’s stock worth $308,724,000 after purchasing an additional 64,389 shares in the last quarter. Norges Bank purchased a new position in shares of Skyworks Solutions during the 4th quarter worth approximately $226,266,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Skyworks Solutions by 11.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,806,327 shares of the semiconductor manufacturer’s stock worth $203,093,000 after purchasing an additional 185,355 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Skyworks Solutions

In other news, 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 transaction of $2,295,836.91. Following the transaction, the director now directly owns 60,881 shares in the company, valued at $5,495,727.87. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Skyworks Solutions news, Director Robert A. Schriesheim sold 25,433 shares of the 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 of the company’s stock, valued at $5,495,727.87. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Philip Matthew Carter sold 452 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $120.00, for a total transaction of $54,240.00. Following the completion of the transaction, the vice president now directly owns 9,112 shares of the company’s stock, valued at $1,093,440. The disclosure for this sale can be found here. Insiders have sold a total of 26,337 shares of company stock worth $2,399,797 over the last ninety days. 0.34% of the stock is currently owned by company insiders.

Skyworks Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.59%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. The ex-dividend date is Tuesday, August 20th. Skyworks Solutions’s payout ratio is 51.13%.

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.