Skyworks Solutions (NASDAQ:SWKS) Posts Earnings Results, Beats Estimates By $0.02 EPS
Skyworks Solutions (NASDAQ:SWKS) posted its quarterly earnings data on Tuesday. The semiconductor manufacturer reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.02, RTT News reports. Skyworks Solutions had a net margin of 26.10% and a return on equity of 26.60%. The company had revenue of $827.00 million for the quarter, compared to the consensus estimate of $824.01 million. During the same quarter last year, the firm posted $1.94 earnings per share. The firm’s revenue was down 18.0% compared to the same quarter last year. Skyworks Solutions updated its Q1 guidance to $1.65 EPS.
Shares of Skyworks Solutions stock traded up $1.21 on Tuesday, hitting $101.59. 4,332,100 shares of the company traded hands, compared to its average volume of 1,967,656. The stock has a market capitalization of $17.25 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06. Skyworks Solutions has a 52 week low of $60.12 and a 52 week high of $102.87. The business has a 50-day simple moving average of $87.12 and a 200 day simple moving average of $80.26.
Several equities analysts have weighed in on SWKS shares. Zacks Investment Research downgraded shares of Skyworks Solutions from a “hold” rating to a “sell” rating and set a $85.00 price target on the stock. in a report on Wednesday, August 7th. Barclays downgraded shares of Skyworks Solutions from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $75.00 to $80.00 in a report on Thursday, July 18th. B. Riley lifted their price target on shares of Skyworks Solutions from $95.00 to $105.00 and gave the company a “buy” rating in a report on Friday, November 1st. Craig Hallum lifted their price target on shares of Skyworks Solutions from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, Cascend Securities lifted their price target on shares of Skyworks Solutions from $95.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $90.25.
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.
Recommended Story: How to Track your Portfolio in Google Finance
Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.