NASDAQ:SWKSSkyworks Solutions Stock Price, Forecast & News

Skyworks Solutions' stock was trading at $89.84 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, SWKS stock has increased by 64.2% and is now trading at $147.56.
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28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Skyworks Solutions in the last year. There are currently 8 hold ratings and 20 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Skyworks Solutions is scheduled to release its next quarterly earnings announcement on Tuesday, November 10th 2020.
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Skyworks Solutions Inc (NASDAQ:SWKS) released its quarterly earnings results on Thursday, July, 23rd. The semiconductor manufacturer reported $1.25 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.12 by $0.13. The semiconductor manufacturer earned $736.80 million during the quarter, compared to the consensus estimate of $690.06 million. Skyworks Solutions had a return on equity of 20.73% and a net margin of 24.13%. During the same quarter in the previous year, the company earned $1.35 EPS.
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Skyworks Solutions announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Tuesday, August 11th will be given a dividend of $0.50 per share on Tuesday, September 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Monday, August 10th. This is a positive change from Skyworks Solutions's previous quarterly dividend of $0.44.
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Skyworks Solutions announced that its Board of Directors has authorized a share buyback program on Tuesday, February 5th 2019, which authorizes the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 15.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Skyworks Solutions updated its fourth quarter 2020 After-Hours earnings guidance on Thursday, July, 23rd. The company provided earnings per share (EPS) guidance of 1.51-1.51 for the period, compared to the Thomson Reuters consensus estimate of $1.47. The company issued revenue guidance of $830-850 million, compared to the consensus revenue estimate of $809.52 million.

28 brokerages have issued 12 month target prices for Skyworks Solutions' stock. Their forecasts range from $99.00 to $170.00. On average, they anticipate Skyworks Solutions' stock price to reach $137.88 in the next twelve months. This suggests that the stock has a possible downside of 6.6%.
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Press coverage about SWKS stock has been trending negative recently, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Skyworks Solutions earned a media sentiment score of -2.4 on InfoTrie's scale. They also assigned news coverage about the semiconductor manufacturer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term.
View the latest news about Skyworks Solutions.

Skyworks Solutions saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 2,550,000 shares, a decline of 16.9% from the June 15th total of 3,070,000 shares. Based on an average daily volume of 2,090,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.5% of the shares of the company are sold short.
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Some companies that are related to Skyworks Solutions include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR), Inphi (IPHI) and Silicon Laboratories (SLAB).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Skyworks Solutions investors own include NVIDIA (NVDA), Alibaba Group (BABA), QUALCOMM (QCOM), Intel (INTC), Micron Technology (MU), Walt Disney (DIS), TriQuint Semiconductor (TQNT), Broadcom (AVGO), Netflix (NFLX) and Advanced Micro Devices (AMD).

Skyworks Solutions trades on the NASDAQ under the ticker symbol "SWKS."

Skyworks Solutions' stock is owned by a number of institutional and retail investors. Top institutional investors include Bank of New York Mellon Corp (1.41%), FMR LLC (1.39%), Victory Capital Management Inc. (1.20%), Platinum Investment Management Ltd. (0.92%), LSV Asset Management (0.71%) and First Trust Advisors LP (0.62%). Company insiders that own Skyworks Solutions stock include Carlos S Bori, David J Aldrich, Liam Griffin, P Mcglade David, Peter L Gammel, Robert John Terry and Timothy R Furey.
View institutional ownership trends for Skyworks Solutions.

SWKS stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Platinum Investment Management Ltd., LSV Asset Management, Sumitomo Mitsui Trust Holdings Inc., First Trust Advisors LP, Federated Hermes Inc., NN Investment Partners Holdings N.V., and NN Investment Partners Holdings N.V.. Company insiders that have sold Skyworks Solutions company stock in the last year include Carlos S Bori, David J Aldrich, Liam Griffin, P Mcglade David, Robert John Terry, and Timothy R Furey.
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SWKS stock was purchased by a variety of institutional investors in the last quarter, including Robecosam AG, Prudential Financial Inc., Victory Capital Management Inc., MERIAN GLOBAL INVESTORS UK Ltd, Rafferty Asset Management LLC, Main Street Research LLC, MUFG Securities EMEA plc, and Adams Diversified Equity Fund Inc..
View insider buying and selling activity for Skyworks Solutions.

Shares of SWKS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SWKS stock can currently be purchased for approximately $147.56.

Skyworks Solutions has a market capitalization of $24.65 billion and generates $3.38 billion in revenue each year. The semiconductor manufacturer earns $853.60 million in net income (profit) each year or $5.71 on an earnings per share basis. Skyworks Solutions employs 9,000 workers across the globe.

The official website for Skyworks Solutions is www.skyworksinc.com.

Skyworks Solutions' mailing address is 5260 CALIFORNIA AVENUE, IRVINE CA, 92617. The semiconductor manufacturer can be reached via phone at 949-231-3000 or via email at [email protected]