Skyworks Solutions (NASDAQ:SWKS) Posts Quarterly Earnings Results, Misses Expectations By $0.26 EPS

Skyworks Solutions (NASDAQ:SWKS) issued its earnings results on Wednesday. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.26), Zacks reports. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%.

Skyworks Solutions Stock Performance

Shares of SWKS stock traded up $0.71 during trading on Wednesday, reaching $87.08. 4,156,390 shares of the company’s stock traded hands, compared to its average volume of 2,453,925. Skyworks Solutions has a 1 year low of $82.13 and a 1 year high of $120.86. The company has a market capitalization of $14.00 billion, a P/E ratio of 23.54, a PEG ratio of 1.96 and a beta of 1.14. The company has a current ratio of 5.54, a quick ratio of 4.24 and a debt-to-equity ratio of 0.16. The firm’s 50-day moving average is $89.79 and its 200 day moving average is $95.79.

Skyworks Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 3rd were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Tuesday, December 3rd. Skyworks Solutions’s dividend payout ratio (DPR) is currently 75.68%.

Insider Buying and Selling at Skyworks Solutions

In other Skyworks Solutions news, SVP Robert John Terry sold 1,821 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $90.16, for a total transaction of $164,181.36. Following the completion of the sale, the senior vice president now directly owns 24,567 shares in the company, valued at $2,214,960.72. This represents a 6.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Mizuho decreased their price objective on Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. B. Riley reduced their target price on shares of Skyworks Solutions from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Loop Capital began coverage on Skyworks Solutions in a report on Monday, November 11th. They issued a “hold” rating and a $90.00 target price on the stock. Citigroup upped their target price on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research report on Friday, January 10th. Finally, Craig Hallum reduced their price objective on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $101.12.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.