Skyworks Solutions, Inc. (NASDAQ:SWKS) – Investment analysts at B. Riley lowered their Q2 2018 earnings per share estimates for shares of Skyworks Solutions in a research report issued on Tuesday. B. Riley analyst C. Ellis now expects that the semiconductor manufacturer will post earnings per share of $1.47 for the quarter, down from their previous estimate of $1.54. B. Riley currently has a “Buy” rating and a $128.00 price target on the stock. B. Riley also issued estimates for Skyworks Solutions’ Q3 2018 earnings at $1.59 EPS, Q4 2018 earnings at $1.83 EPS, FY2018 earnings at $6.74 EPS, Q1 2019 earnings at $2.04 EPS and FY2019 earnings at $7.90 EPS.

Several other brokerages also recently commented on SWKS. Zacks Investment Research raised Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Friday, November 10th. BMO Capital Markets raised Skyworks Solutions from a “market perform” rating to an “outperform” rating in a report on Tuesday. They noted that the move was a valuation call. Morgan Stanley boosted their target price on Skyworks Solutions from $86.00 to $88.00 and gave the stock an “underweight” rating in a report on Wednesday, December 13th. Drexel Hamilton reissued a “buy” rating and issued a $128.00 target price (up from $120.00) on shares of Skyworks Solutions in a report on Tuesday, November 7th. Finally, BidaskClub downgraded Skyworks Solutions from a “hold” rating to a “sell” rating in a report on Friday, December 29th. Three analysts have rated the stock with a sell rating, four have given a hold rating and twenty-four have issued a buy rating to the company. Skyworks Solutions presently has a consensus rating of “Buy” and an average target price of $115.93.

Skyworks Solutions (NASDAQ SWKS) opened at $102.64 on Friday. The company has a market capitalization of $18,073.10, a P/E ratio of 15.62, a PEG ratio of 0.98 and a beta of 0.69. Skyworks Solutions has a 1-year low of $90.53 and a 1-year high of $117.65.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Monday, February 5th. The semiconductor manufacturer reported $2.00 EPS for the quarter, topping the consensus estimate of $1.91 by $0.09. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Skyworks Solutions had a return on equity of 30.21% and a net margin of 21.72%. Skyworks Solutions’s revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.61 EPS.

Skyworks Solutions announced that its board has approved a share buyback plan on Monday, February 5th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 22nd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Wednesday, February 21st. Skyworks Solutions’s payout ratio is 29.03%.

In other Skyworks Solutions news, VP Laura A. Gasparini sold 12,132 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $110.53, for a total transaction of $1,340,949.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert John Terry sold 7,986 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $110.32, for a total transaction of $881,015.52. The disclosure for this sale can be found here. Insiders have sold a total of 157,523 shares of company stock valued at $16,684,175 in the last quarter. Corporate insiders own 0.49% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in shares of Skyworks Solutions by 8.9% in the 4th quarter. BlackRock Inc. now owns 13,206,360 shares of the semiconductor manufacturer’s stock valued at $1,253,946,000 after buying an additional 1,076,214 shares in the last quarter. Manning & Napier Advisors LLC increased its position in shares of Skyworks Solutions by 9.3% in the 3rd quarter. Manning & Napier Advisors LLC now owns 2,190,222 shares of the semiconductor manufacturer’s stock valued at $223,182,000 after buying an additional 186,077 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its position in shares of Skyworks Solutions by 15.9% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 1,936,981 shares of the semiconductor manufacturer’s stock valued at $183,916,000 after buying an additional 266,106 shares in the last quarter. APG Asset Management N.V. increased its position in shares of Skyworks Solutions by 17.2% in the 4th quarter. APG Asset Management N.V. now owns 1,508,526 shares of the semiconductor manufacturer’s stock valued at $119,283,000 after buying an additional 221,587 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Skyworks Solutions by 9.9% in the 4th quarter. UBS Asset Management Americas Inc. now owns 1,154,621 shares of the semiconductor manufacturer’s stock valued at $109,631,000 after buying an additional 104,083 shares in the last quarter. Institutional investors and hedge funds own 81.77% of the company’s stock.

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Skyworks Solutions Company Profile

Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.

Earnings History and Estimates for Skyworks Solutions (NASDAQ:SWKS)

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