Skyworks Solutions - SWKS Stock Forecast, Price & News

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Skyworks Solutions in the last year. There are currently 1 sell rating, 8 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SWKS shares.
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25 brokers have issued 12 month price targets for Skyworks Solutions' shares. Their SWKS share price forecasts range from $90.00 to $140.00. On average, they expect the company's share price to reach $120.35 in the next year. This suggests a possible upside of 4.7% 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 shares have increased by 26.1% and is now trading at $114.94.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our SWKS earnings forecast.

Skyworks Solutions, Inc. (NASDAQ:SWKS) announced its quarterly earnings data on Monday, February, 6th. The semiconductor manufacturer reported $2.59 earnings per share for the quarter, meeting the consensus estimate of $2.59. The semiconductor manufacturer earned $1.33 billion during the quarter, compared to analyst estimates of $1.32 billion. Skyworks Solutions had a net margin of 22.33% and a trailing twelve-month return on equity of 28.65%. The business's revenue was down 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.90 earnings per share.
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Skyworks Solutions declared a quarterly dividend on Monday, February 6th. Stockholders of record on Tuesday, February 28th will be paid a dividend of $0.62 per share on Tuesday, March 21st. This represents a $2.48 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Monday, February 27th.
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), First Trust Nasdaq Semiconductor ETF (FTXL), Defiance Next Gen Connectivity ETF (FIVG), Fidelity Electric Vehicles and Future Transportation ETF (FDRV), Innovator Loup Frontier Tech ETF (LOUP), iShares Future Cloud 5G and Tech ETF (IDAT), ProShares S&P Technology Dividend Aristocrats ETF (TDV) and SPDR S&P Semiconductor ETF (XSD).

Skyworks Solutions (NASDAQ:SWKS) pays an annual dividend of $2.48 per share and currently has a dividend yield of 2.16%. The company has been increasing its dividend for 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 33.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SWKS will have a dividend payout ratio of 26.41% 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 buyback program on Monday, February 6th 2023, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 11.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Skyworks Solutions updated its second quarter 2023 earnings guidance on Monday, February, 6th. The company provided EPS guidance of $2.02-$2.02 for the period, compared to the consensus estimate of $2.24. The company issued revenue guidance of $1.13 billion-$1.18 billion, compared to the consensus revenue estimate of $1.19 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 institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (2.62%), Victory Capital Management Inc. (2.61%), Vulcan Value Partners LLC (2.48%), Geode Capital Management LLC (2.19%), Edmp Inc. (2.14%) and Lazard Asset Management LLC (2.07%). Insiders that own company stock include Carlos S Bori, Carlos S Bori, David J Aldrich, Karilee A Durham, Karilee A Durham, Liam Griffin, P Mcglade David, Reza Kasnavi, Robert John Terry, Timothy R Furey 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 $114.94.

Skyworks Solutions (NASDAQ:SWKS) has a market capitalization of $18.27 billion and generates $5.49 billion in revenue each year. The semiconductor manufacturer earns $1.28 billion in net income (profit) each year or $7.33 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.