NASDAQ:SWKSSkyworks Solutions Stock Price, Forecast & News

Skyworks Solutions' stock was trading at $89.84 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SWKS stock has increased by 60.1% and is now trading at $143.87.
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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) issued its earnings results on Thursday, July, 23rd. The semiconductor manufacturer reported $1.25 earnings per share (EPS) for the quarter, topping the Zacks' 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 period in the prior year, the firm earned $1.35 EPS.
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Skyworks Solutions announced a quarterly dividend on Thursday, July 23rd. Investors of record on Tuesday, August 11th will be paid a dividend of $0.50 per share on Tuesday, September 1st. This represents a $2.00 annualized dividend and a yield of 1.39%. The ex-dividend date is Monday, August 10th. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.44.
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Skyworks Solutions declared that its Board of Directors has initiated a stock buyback program on Tuesday, February 5th 2019, which allows the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 15.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its shares are undervalued.

Skyworks Solutions updated its fourth quarter 2020 After-Hours earnings guidance on Thursday, July, 23rd. The company provided 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 brokers have issued 1 year target prices for Skyworks Solutions' stock. Their forecasts range from $99.00 to $170.00. On average, they anticipate Skyworks Solutions' share price to reach $137.88 in the next year. This suggests that the stock has a possible downside of 4.2%.
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Media headlines about SWKS stock have been trending very positive on Monday, InfoTrie reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Skyworks Solutions earned a news impact score of 3.2 on InfoTrie's scale. They also gave news headlines 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 stock's share price in the near term.
View the latest news about Skyworks Solutions.

Skyworks Solutions saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,810,000 shares, an increase of 10.2% from the July 15th total of 2,550,000 shares. Based on an average daily trading volume, of 2,060,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.7% of the shares of the stock 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), Xilinx (XLNX), Microchip Technology (MCHP), 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), TriQuint Semiconductor (TQNT), Walt Disney (DIS), Micron Technology (MU), Intel (INTC), Netflix (NFLX), QUALCOMM (QCOM), Broadcom (AVGO) and Cisco Systems (CSCO).

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

Skyworks Solutions' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (1.20%), Platinum Investment Management Ltd. (0.92%), LSV Asset Management (0.71%), First Trust Advisors LP (0.62%), Congress Asset Management Co. MA (0.55%) and Sumitomo Mitsui Trust Holdings Inc. (0.45%). 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 Platinum Investment Management Ltd., LSV Asset Management, Sumitomo Mitsui Trust Holdings Inc., First Trust Advisors LP, NN Investment Partners Holdings N.V., NN Investment Partners Holdings N.V., Scout Investments Inc., and Seizert Capital Partners LLC. 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.
View insider buying and selling activity for Skyworks Solutions.

SWKS stock was purchased by a variety of institutional investors in the last quarter, including Robecosam AG, Victory Capital Management Inc., MERIAN GLOBAL INVESTORS UK Ltd, Rafferty Asset Management LLC, Main Street Research LLC, Adams Diversified Equity Fund Inc., WT Asset Management Ltd, and Assenagon Asset Management S.A..
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 $143.87.

Skyworks Solutions has a market capitalization of $24.03 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]