Skyworks Solutions Stock Price, News & Analysis (NASDAQ:SWKS)

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Skyworks Solutions in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SWKS shares.
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23 Wall Street analysts have issued 1-year price objectives for Skyworks Solutions' shares. Their SWKS share price targets range from $87.00 to $140.00. On average, they predict the company's stock price to reach $115.88 in the next year. This suggests a possible upside of 19.9% from the stock's current price.
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Skyworks Solutions' stock was trading at $91.13 at the start of the year. Since then, SWKS stock has increased by 6.0% and is now trading at $96.61.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 5th 2024.
View our SWKS earnings forecast.

Skyworks Solutions, Inc. (NASDAQ:SWKS) issued its quarterly earnings data on Thursday, November, 2nd. The semiconductor manufacturer reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.10. The semiconductor manufacturer had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. Skyworks Solutions had a net margin of 20.59% and a trailing twelve-month return on equity of 20.92%.

Skyworks Solutions announced a quarterly dividend on Thursday, November 2nd. Shareholders of record on Tuesday, November 21st will be paid a dividend of $0.68 per share on Tuesday, December 12th. This represents a $2.72 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Monday, November 20th.
Read our dividend analysis for SWKS.

Skyworks Solutions (NASDAQ:SWKS) pays an annual dividend of $2.72 per share and currently has a dividend yield of 2.88%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 44.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SWKS will have a dividend payout ratio of 37.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SWKS.

ETFs with the largest weight of Skyworks Solutions (NASDAQ:SWKS) stock in their portfolio include Global X Internet of Things Thematic ETF (SNSR), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), First Trust Nasdaq Semiconductor ETF (FTXL), Innovator Deepwater Frontier Tech ETF (LOUP), SPDR S&P Semiconductor ETF (XSD), Defiance Next Gen Connectivity ETF (FIVG), iShares Future Cloud 5G and Tech ETF (IDAT) and Invesco Semiconductors ETF (PSI).

Skyworks Solutions declared that its Board of Directors has initiated a share repurchase plan on Monday, February 6th 2023, which permits the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 11.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

Skyworks Solutions issued an update on its first quarter earnings guidance on Thursday, November, 2nd. The company provided earnings per share (EPS) guidance of $1.95 for the period, compared to the consensus earnings per share estimate of $2.30. The company issued revenue guidance of $1.175-$1.225 billion, compared to the consensus revenue estimate of $1.29 billion.

160 employees have rated Skyworks Solutions Chief Executive Officer Liam K. Griffin on Glassdoor.com. Liam K. Griffin has an approval rating of 66% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Skyworks Solutions investors own include NVIDIA (NVDA), Alibaba Group (BABA), QUALCOMM (QCOM), Micron Technology (MU), Intel (INTC), Walt Disney (DIS), Broadcom (AVGO), Advanced Micro Devices (AMD), TriQuint Semiconductor (TQNT) and Netflix (NFLX).

Skyworks Solutions' stock is owned by a number of institutional and retail investors. Top institutional investors include FMR LLC (3.30%), Victory Capital Management Inc. (2.59%), Invesco Ltd. (1.90%), Northern Trust Corp (1.31%), LSV Asset Management (1.09%) and London Co. of Virginia (1.07%). Insiders that own company stock include Carlos S Bori, Carlos S Bori, Karilee A Durham, Karilee A Durham, Kevin L Beebe, Kris Sennesael, Liam Griffin, Reza Kasnavi, Robert John Terry and Timothy R Furey.
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Shares of SWKS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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