Skyworks Solutions (NASDAQ:SWKS) Releases Q1 2022 Earnings Guidance

Skyworks Solutions (NASDAQ:SWKS) updated its first quarter 2022 earnings guidance on Thursday. The company provided EPS guidance of $3.100-$3.100 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.070. The company issued revenue guidance of $1.48 billion-$1.53 billion, compared to the consensus revenue estimate of $1.50 billion.

Several research analysts have commented on the company. Raymond James reissued a buy rating and issued a $220.00 price objective on shares of Skyworks Solutions in a research report on Friday, July 30th. Susquehanna Bancshares reissued a hold rating and issued a $195.00 price objective on shares of Skyworks Solutions in a research report on Friday, July 30th. Robert W. Baird lowered Skyworks Solutions from an outperform rating to a neutral rating and cut their price objective for the company from $220.00 to $165.00 in a research report on Wednesday, October 13th. Morgan Stanley raised their price objective on Skyworks Solutions from $192.00 to $204.00 and gave the company an equal weight rating in a research report on Friday, July 30th. Finally, Needham & Company LLC raised their price objective on Skyworks Solutions from $245.00 to $255.00 and gave the company a buy rating in a research report on Friday, July 30th. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Buy and a consensus target price of $211.42.

NASDAQ:SWKS traded up $0.24 during mid-day trading on Thursday, reaching $157.04. The stock had a trading volume of 1,949,473 shares, compared to its average volume of 1,867,622. The company has a market capitalization of $25.93 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 1.23 and a beta of 1.09. Skyworks Solutions has a 1-year low of $134.28 and a 1-year high of $204.00. The stock’s 50 day simple moving average is $164.66 and its two-hundred day simple moving average is $174.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.52 and a quick ratio of 1.69.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Thursday, November 4th. The semiconductor manufacturer reported $2.62 EPS for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.35. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. Skyworks Solutions had a return on equity of 32.70% and a net margin of 29.33%. The company’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same period last year, the firm earned $1.59 earnings per share. Sell-side analysts anticipate that Skyworks Solutions will post 10.47 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 14th. Investors of record on Tuesday, November 23rd will be paid a $0.56 dividend. The ex-dividend date of this dividend is Monday, November 22nd. This represents a $2.24 dividend on an annualized basis and a yield of 1.43%. Skyworks Solutions’s dividend payout ratio (DPR) is 24.97%.

In other Skyworks Solutions news, CEO Liam Griffin sold 10,000 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, November 24th. The stock was sold at an average price of $153.32, for a total value of $1,533,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carlos S. Bori sold 9,247 shares of Skyworks Solutions stock in a transaction that occurred on Wednesday, September 1st. The shares were sold at an average price of $184.07, for a total value of $1,702,095.29. Following the completion of the transaction, the senior vice president now owns 23,534 shares of the company’s stock, valued at $4,331,903.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,712 shares of company stock valued at $9,542,419. 0.38% of the stock is currently owned by insiders.

About Skyworks Solutions

Skyworks Solutions, Inc engages in the design, development, and manufacture of proprietary semiconductor products. Its product portfolio includes amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, synthesizers, power dividers and combiners, receivers, switches, and technical ceramics.

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

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