Skyworks Solutions (SWKS) Releases Earnings Results, Beats Expectations By $0.02 EPS

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Skyworks Solutions (NASDAQ:SWKS) posted its earnings results on Thursday. The semiconductor manufacturer reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.02, RTT News reports. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. Skyworks Solutions had a net margin of 23.78% and a return on equity of 30.31%. Skyworks Solutions’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.82 EPS. Skyworks Solutions updated its Q1 2019 guidance to $1.91-1.91 EPS and its Q1 guidance to $1.91 EPS.

Skyworks Solutions stock traded down $6.74 during midday trading on Friday, hitting $76.66. The company’s stock had a trading volume of 8,436,241 shares, compared to its average volume of 2,123,045. Skyworks Solutions has a 1-year low of $75.15 and a 1-year high of $115.98. The stock has a market capitalization of $14.79 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 0.82 and a beta of 0.64.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Tuesday, November 27th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.98%. The ex-dividend date is Monday, November 26th. Skyworks Solutions’s dividend payout ratio (DPR) is 25.42%.

In other news, Director David J. Aldrich sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $92.89, for a total value of $928,900.00. Following the completion of the transaction, the director now directly owns 152,252 shares in the company, valued at approximately $14,142,688.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David J. Aldrich sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $86.25, for a total transaction of $258,750.00. Following the completion of the transaction, the director now owns 144,251 shares of the company’s stock, valued at $12,441,648.75. The disclosure for this sale can be found here. Insiders sold a total of 34,500 shares of company stock valued at $3,126,050 over the last 90 days. Corporate insiders own 0.47% of the company’s stock.

Several large investors have recently modified their holdings of the company. DekaBank Deutsche Girozentrale raised its position in shares of Skyworks Solutions by 22.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 103,064 shares of the semiconductor manufacturer’s stock valued at $9,508,000 after buying an additional 19,137 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Skyworks Solutions by 18.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 210,187 shares of the semiconductor manufacturer’s stock valued at $19,066,000 after buying an additional 31,994 shares in the last quarter. CIBC World Markets Inc. raised its position in shares of Skyworks Solutions by 23.4% in the 3rd quarter. CIBC World Markets Inc. now owns 9,823 shares of the semiconductor manufacturer’s stock valued at $891,000 after buying an additional 1,860 shares in the last quarter. FMR LLC raised its position in shares of Skyworks Solutions by 22.6% in the 3rd quarter. FMR LLC now owns 1,434,635 shares of the semiconductor manufacturer’s stock valued at $130,136,000 after buying an additional 264,346 shares in the last quarter. Finally, American International Group Inc. grew its holdings in shares of Skyworks Solutions by 3.3% during the 3rd quarter. American International Group Inc. now owns 79,821 shares of the semiconductor manufacturer’s stock valued at $7,241,000 after purchasing an additional 2,545 shares during the last quarter. Institutional investors own 80.71% of the company’s stock.

SWKS has been the subject of a number of research reports. Canaccord Genuity restated a “buy” rating and set a $115.00 target price on shares of Skyworks Solutions in a research note on Friday, July 20th. BMO Capital Markets restated a “buy” rating and set a $115.00 target price on shares of Skyworks Solutions in a research note on Friday, July 20th. DA Davidson cut their target price on shares of Skyworks Solutions to $125.00 and set a “buy” rating for the company in a research note on Friday, July 20th. B. Riley raised their target price on shares of Skyworks Solutions from $116.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. Finally, Craig Hallum restated a “buy” rating and set a $120.00 target price (up previously from $115.00) on shares of Skyworks Solutions in a research note on Friday, July 20th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and sixteen have given a buy rating to the stock. Skyworks Solutions presently has an average rating of “Hold” and a consensus target price of $107.79.

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About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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Earnings History for Skyworks Solutions (NASDAQ:SWKS)

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