Equities analysts predict that Skyworks Solutions Inc (NASDAQ:SWKS) will post earnings per share of $1.52 for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Skyworks Solutions’ earnings, with the highest EPS estimate coming in at $1.65 and the lowest estimate coming in at $1.50. Skyworks Solutions reported earnings per share of $1.94 during the same quarter last year, which would indicate a negative year over year growth rate of 21.6%. The company is expected to announce its next quarterly earnings results on Thursday, November 14th.

According to Zacks, analysts expect that Skyworks Solutions will report full-year earnings of $6.17 per share for the current year, with EPS estimates ranging from $6.14 to $6.29. For the next fiscal year, analysts forecast that the firm will report earnings of $6.33 per share, with EPS estimates ranging from $5.74 to $7.05. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Skyworks Solutions.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings data on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 EPS for the quarter, beating the consensus estimate of $1.21 by $0.14. The business had revenue of $767.00 million for the quarter, compared to analysts’ expectations of $767.71 million. Skyworks Solutions had a net margin of 26.10% and a return on equity of 26.60%. The firm’s revenue was down 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.64 EPS.

SWKS has been the topic of several analyst reports. Craig Hallum boosted their price target on shares of Skyworks Solutions from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. BidaskClub cut shares of Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Saturday. Barclays cut shares of Skyworks Solutions from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $75.00 to $80.00 in a research report on Thursday, July 18th. Zacks Investment Research cut shares of Skyworks Solutions from a “hold” rating to a “sell” rating and set a $85.00 price target on the stock. in a research report on Wednesday, August 7th. Finally, Citigroup boosted their price target on shares of Skyworks Solutions from $81.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have issued a buy rating to the company. Skyworks Solutions currently has an average rating of “Hold” and a consensus price target of $86.40.

In related news, insider Peter L. Gammel sold 2,250 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $73.36, for a total value of $165,060.00. Following the transaction, the insider now owns 11,490 shares in the company, valued at approximately $842,906.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David J. Aldrich sold 10,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $85.88, for a total transaction of $858,800.00. Following the completion of the transaction, the director now owns 213,032 shares in the company, valued at approximately $18,295,188.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,750 shares of company stock worth $3,984,835. 0.64% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Next Capital Management LLC grew its stake in Skyworks Solutions by 118.7% in the 2nd quarter. Next Capital Management LLC now owns 339 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 184 shares during the last quarter. Cribstone Capital Management LLC acquired a new position in shares of Skyworks Solutions during the 2nd quarter worth approximately $37,000. Accurate Investment Solutions Inc. grew its position in shares of Skyworks Solutions by 42.5% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 580 shares of the semiconductor manufacturer’s stock worth $45,000 after purchasing an additional 173 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of Skyworks Solutions by 34.6% during the 1st quarter. Valeo Financial Advisors LLC now owns 584 shares of the semiconductor manufacturer’s stock worth $48,000 after purchasing an additional 150 shares in the last quarter. Finally, Harvest Group Wealth Management LLC acquired a new position in shares of Skyworks Solutions during the 1st quarter worth approximately $51,000. Institutional investors and hedge funds own 81.08% of the company’s stock.

NASDAQ:SWKS traded down $2.14 on Wednesday, hitting $76.30. 1,227,241 shares of the company’s stock were exchanged, compared to its average volume of 2,069,762. The business has a 50-day simple moving average of $80.69. Skyworks Solutions has a 52 week low of $60.12 and a 52 week high of $94.39. The stock has a market capitalization of $13.51 billion, a P/E ratio of 11.51, a P/E/G ratio of 1.44 and a beta of 1.02.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th will be paid a dividend of $0.44 per share. The ex-dividend date is Monday, August 26th. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.38. This represents a $1.76 annualized dividend and a dividend yield of 2.31%. Skyworks Solutions’s payout ratio is currently 22.93%.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, 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 locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

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