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.

In related news, Director David J. Aldrich sold 999 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $76.45, for a total value of $76,373.55. Following the sale, the director now owns 204,031 shares in the company, valued at $15,598,169.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Liam Griffin sold 20,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $99.01, for a total transaction of $1,980,200.00. Following the completion of the sale, the chief executive officer now owns 80,692 shares in the company, valued at approximately $7,989,314.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,322 shares of company stock worth $5,285,945. Company insiders own 0.64% of the company’s stock.

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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Earnings History for Skyworks Solutions (NASDAQ:SWKS)

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