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

22 Wall Street equities research 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 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SWKS shares.
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22 brokers have issued 1 year target prices for Skyworks Solutions' stock. Their SWKS share price targets range from $87.00 to $140.00. On average, they anticipate the company's share price to reach $115.88 in the next year. This suggests a possible upside of 13.3% from the stock's current price.
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Skyworks Solutions' stock was trading at $91.13 on January 1st, 2023. Since then, SWKS shares have increased by 12.2% and is now trading at $102.28.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 5th 2024.
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Skyworks Solutions, Inc. (NASDAQ:SWKS) released 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 earned $1.22 billion during 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 declared 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 2.66%. 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 2.77%. 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 has initiated a share repurchase plan on Monday, February 6th 2023, which permits the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 11.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Skyworks Solutions issued an update on its first quarter earnings guidance on Thursday, November, 2nd. The company provided EPS guidance of $1.95 for the period, compared to the consensus 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 many different 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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