Skyworks Solutions (SWKS) Scheduled to Post Earnings on Tuesday

Skyworks Solutions (NASDAQ:SWKS) is set to post its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Skyworks Solutions to post earnings of $1.26 per share for the quarter. Skyworks Solutions has set its Q2 2024 guidance at 1.520-1.520 EPS and its Q2 guidance at $1.52 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, beating the consensus estimate of $1.95 by $0.02. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The business’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.33 earnings per share. On average, analysts expect Skyworks Solutions to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $98.11 on Tuesday. The firm has a market cap of $15.72 billion, a P/E ratio of 17.40, a P/E/G ratio of 1.78 and a beta of 1.37. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. Skyworks Solutions has a 12 month low of $85.06 and a 12 month high of $115.69. The stock’s fifty day moving average price is $104.29 and its 200-day moving average price is $101.72.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.68 per share. The ex-dividend date was Friday, February 16th. This represents a $2.72 annualized dividend and a dividend yield of 2.77%. Skyworks Solutions’s dividend payout ratio is currently 48.23%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SWKS shares. Susquehanna raised their price target on Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Rosenblatt Securities restated a “buy” rating and set a $130.00 price target on shares of Skyworks Solutions in a research note on Wednesday, January 31st. StockNews.com lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. TD Cowen lifted their target price on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Finally, Piper Sandler reiterated a “neutral” rating and issued a $90.00 target price on shares of Skyworks Solutions in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $115.10.

About Skyworks Solutions

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.