Skyworks Solutions - SWKS Stock Forecast, Price & News

21 Wall Street 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 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SWKS shares.
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21 brokerages have issued 12-month target prices for Skyworks Solutions' shares. Their SWKS share price forecasts range from $90.00 to $155.00. On average, they anticipate the company's share price to reach $115.45 in the next year. This suggests a possible upside of 25.5% from the stock's current price.
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Skyworks Solutions' stock was trading at $155.14 at the beginning of 2022. Since then, SWKS shares have decreased by 40.7% and is now trading at $91.96.
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Skyworks Solutions saw a increase in short interest in November. As of November 15th, there was short interest totaling 4,060,000 shares, an increase of 21.9% from the October 31st total of 3,330,000 shares. Based on an average daily trading volume, of 2,020,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.6% of the shares of the stock are sold short.
View Skyworks Solutions' Short Interest.

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

Skyworks Solutions, Inc. (NASDAQ:SWKS) issued its quarterly earnings data on Thursday, November, 3rd. The semiconductor manufacturer reported $2.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.62 by $0.17. The semiconductor manufacturer had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.40 billion. Skyworks Solutions had a net margin of 23.25% and a trailing twelve-month return on equity of 31.00%.

Skyworks Solutions announced a quarterly dividend on Thursday, November 3rd. Investors of record on Tuesday, November 22nd will be paid a dividend of $0.62 per share on Tuesday, December 13th. This represents a $2.48 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Monday, November 21st.
Read our dividend analysis for SWKS.

Skyworks Solutions (NASDAQ:SWKS) pays an annual dividend of $2.48 per share and currently has a dividend yield of 2.69%. 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 31.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SWKS will have a dividend payout ratio of 25.15% 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 has initiated a share repurchase plan on Thursday, January 28th 2021, which permits the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 7.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

Skyworks Solutions updated its first quarter 2023 earnings guidance on Thursday, November, 10th. The company provided earnings per share guidance of $2.59-$2.59 for the period, compared to the consensus earnings per share estimate of $3.14. The company issued revenue guidance of $1.30 billion-$1.35 billion, compared to the consensus revenue estimate of $1.50 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 number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.24%), BlackRock Inc. (8.38%), State Street Corp (4.61%), Lazard Asset Management LLC (1.78%), Victory Capital Management Inc. (1.48%) and Bank of New York Mellon Corp (1.17%). 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, 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 $91.96.

Skyworks Solutions (NASDAQ:SWKS) has a market capitalization of $14.73 billion and generates $5.49 billion in revenue each year. The semiconductor manufacturer earns $1.28 billion in net income (profit) each year or $7.80 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.