Skyworks Solutions (NASDAQ:SWKS) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Skyworks Solutions (NASDAQ:SWKS) issued its earnings results on Tuesday. The semiconductor manufacturer reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.03, Briefing.com reports. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.73%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned $1.95 EPS. The firm’s revenue was down 15.9% on a year-over-year basis. Skyworks Solutions updated its Q1 guidance to $1.57 EPS and its Q1 2025 guidance to 1.570-1.570 EPS.

Skyworks Solutions Trading Down 3.9 %

NASDAQ SWKS traded down $3.40 on Wednesday, reaching $83.64. The company had a trading volume of 2,538,301 shares, compared to its average volume of 2,362,281. Skyworks Solutions has a 52 week low of $82.13 and a 52 week high of $120.86. The stock’s 50 day moving average is $96.17 and its 200-day moving average is $100.61. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. The stock has a market cap of $13.36 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 3.95 and a beta of 1.21.

Skyworks Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.35%. Skyworks Solutions’s dividend payout ratio is currently 75.68%.

Insiders Place Their Bets

In related news, SVP Robert John Terry sold 1,821 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the transaction, the senior vice president now owns 24,567 shares in the company, valued at approximately $2,214,960.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction that occurred 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 transaction, the senior vice president now owns 27,026 shares of the company’s stock, valued at approximately $2,638,548.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Robert John Terry sold 1,821 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $90.16, for a total transaction of $164,181.36. Following the sale, the senior vice president now directly owns 24,567 shares of the company’s stock, valued at $2,214,960.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,162 shares of company stock worth $2,306,291. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on SWKS shares. Bank of America raised their target price on Skyworks Solutions from $95.00 to $110.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 31st. Piper Sandler reduced their target price on shares of Skyworks Solutions from $115.00 to $95.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Wednesday, July 31st. Craig Hallum reduced their price target on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Barclays decreased their price objective on shares of Skyworks Solutions from $87.00 to $80.00 and set an “underweight” rating on the stock in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus target price of $102.82.

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.