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

Skyworks Solutions (NASDAQ:SWKS) will be announcing its earnings results 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 registering for the company’s conference call can do so using this link.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations 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 Stock Up 3.1 %

Shares of NASDAQ:SWKS opened at $116.18 on Monday. The stock’s 50-day moving average price is $103.59 and its 200-day moving average price is $102.97. Skyworks Solutions has a 12-month low of $85.06 and a 12-month high of $120.86. The stock has a market capitalization of $18.64 billion, a P/E ratio of 21.84, a price-to-earnings-growth ratio of 5.53 and a beta of 1.23. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16.

Skyworks Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 21st were paid a dividend of $0.68 per share. The ex-dividend date was Monday, May 20th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.34%. Skyworks Solutions’s dividend payout ratio (DPR) is currently 51.13%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SWKS shares. JPMorgan Chase & Co. reduced their price objective on Skyworks Solutions from $120.00 to $105.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. B. Riley upgraded shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and increased their target price for the stock from $96.00 to $130.00 in a report on Thursday, June 20th. Susquehanna increased their target price on shares of Skyworks Solutions from $90.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th. UBS Group dropped their target price on shares of Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Finally, Mizuho dropped their target price on shares of Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Skyworks Solutions currently has an average rating of “Hold” and a consensus target price of $107.14.

Insiders Place Their Bets

In other news, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $110.00, for a total transaction of $49,720.00. Following the completion of the transaction, the vice president now directly owns 9,564 shares in the company, valued at $1,052,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Skyworks Solutions news, CEO Liam Griffin bought 11,142 shares of the stock in a transaction dated Thursday, May 2nd. The stock was purchased at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the acquisition, the chief executive officer now owns 104,153 shares of the company’s stock, valued at $9,373,770. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Philip Matthew Carter sold 452 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $110.00, for a total transaction of $49,720.00. Following the transaction, the vice president now 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 26,337 shares of company stock worth $2,399,797 over the last three months. Company insiders own 0.34% of the company’s stock.

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.