Skyworks Solutions (SWKS) Stock Forecast, Price & News

25 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 15 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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25 equities research analysts have issued twelve-month price targets for Skyworks Solutions' shares. Their SWKS share price forecasts range from $100.00 to $150.00. On average, they predict the company's share price to reach $120.88 in the next year. This suggests a possible upside of 22.8% from the stock's current price.
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Skyworks Solutions' stock was trading at $91.13 at the beginning of 2023. Since then, SWKS stock has increased by 8.0% and is now trading at $98.43.
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Skyworks Solutions saw a increase in short interest in September. As of September 15th, there was short interest totaling 4,120,000 shares, an increase of 47.7% from the August 31st total of 2,790,000 shares. Based on an average daily volume of 1,590,000 shares, the short-interest ratio is presently 2.6 days. Currently, 2.6% of the company's stock are short sold.
View Skyworks Solutions' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our SWKS earnings forecast.

Skyworks Solutions, Inc. (NASDAQ:SWKS) issued its quarterly earnings results on Monday, August, 7th. The semiconductor manufacturer reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.30. The semiconductor manufacturer had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. Skyworks Solutions had a net margin of 20.97% and a trailing twelve-month return on equity of 23.89%. The company's revenue was down 13.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.12 earnings per share.
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Skyworks Solutions declared a quarterly dividend on Monday, August 7th. Investors of record on Tuesday, August 29th will be given a dividend of $0.68 per share on Tuesday, September 19th. This represents a $2.72 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Monday, August 28th. This is a positive change from the stock's previous quarterly dividend of $0.62.
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 (NASDAQ:SWKS) pays an annual dividend of $2.72 per share and currently has a dividend yield of 2.84%. 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 41.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SWKS will have a dividend payout ratio of 34.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SWKS.

Skyworks Solutions declared that its Board of Directors has authorized a stock repurchase plan on Monday, February 6th 2023, which allows the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 11.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Skyworks Solutions issued an update on its fourth quarter 2023 earnings guidance on Monday, August, 7th. The company provided earnings per share (EPS) guidance of $2.10-$2.10 for the period, compared to the consensus EPS estimate of $2.11. The company issued revenue guidance of $1.19 billion-$1.24 billion, compared to the consensus revenue estimate of $1.22 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 trades on the NASDAQ under the ticker symbol "SWKS."

Skyworks Solutions' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.43%), State Street Corp (4.82%), Victory Capital Management Inc. (2.51%), Geode Capital Management LLC (2.26%), Lazard Asset Management LLC (1.46%) and Northern Trust Corp (1.21%). 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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One share of SWKS stock can currently be purchased for approximately $98.43.

Skyworks Solutions (NASDAQ:SWKS) has a market capitalization of $15.69 billion and generates $5.49 billion in revenue each year. The semiconductor manufacturer earns $1.28 billion in net income (profit) each year or $6.49 on an earnings per share basis.

The company employs 11,150 workers across the globe.

Skyworks Solutions' mailing address is 5260 CALIFORNIA AVENUE, IRVINE CA, 92617. The official website for the company is www.skyworksinc.com. The semiconductor manufacturer can be reached via phone at (949) 231-3000, via email at investor.relations@skyworksinc.com, or via fax at 302-655-5049.