Skyworks Solutions Stock Forecast, Price & News

Skyworks Solutions' stock was trading at $89.84 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SWKS shares have increased by 50.5% and is now trading at $135.20.
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29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Skyworks Solutions in the last year. There are currently 8 hold ratings and 21 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 earnings results on Thursday, July, 23rd. The semiconductor manufacturer reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.13. The semiconductor manufacturer had revenue of $736.80 million for 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 last year, the company earned $1.35 EPS.
View Skyworks Solutions' earnings history.

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 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, August 10th. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.44.
View Skyworks Solutions' dividend history.

Skyworks Solutions announced that its board has authorized a share buyback program on Tuesday, February 5th 2019, which allows the company to buyback $2,000,000,000.00 in outstanding 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 usually an indication that the company's management believes its stock is undervalued.

Skyworks Solutions issued an update on 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 earnings per share estimate of $1.47. The company issued revenue guidance of $830-850 million, compared to the consensus revenue estimate of $809.52 million.

29 brokerages have issued 12 month price targets for Skyworks Solutions' stock. Their forecasts range from $99.00 to $170.00. On average, they expect Skyworks Solutions' stock price to reach $138.73 in the next year. This suggests a possible upside of 2.6% from the stock's current price.
View analysts' price targets for Skyworks Solutions.

Skyworks Solutions saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,230,000 shares, a decline of 25.4% from the August 15th total of 2,990,000 shares. Based on an average trading volume of 1,890,000 shares, the short-interest ratio is presently 1.2 days. Approximately 1.3% of the company's shares are sold short.
View Skyworks Solutions' Short Interest.

Some companies that are related to Skyworks Solutions include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Marvell Technology Group (MRVL), Microchip Technology (MCHP), Xilinx (XLNX), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), First Solar (FSLR), Cree (CREE), 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), Advanced Micro Devices (AMD) and Netflix (NFLX).

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

Skyworks Solutions' stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.19%), Nuveen Asset Management LLC (1.59%), AQR Capital Management LLC (1.44%), Bank of New York Mellon Corp (1.41%), FMR LLC (1.39%) and Victory Capital Management Inc. (1.20%). 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 AQR Capital Management LLC, FMR LLC, Platinum Investment Management Ltd., LSV Asset Management, Vanguard Group Inc., Sumitomo Mitsui Trust Holdings Inc., Advisor Group Holdings Inc., and First Trust Advisors LP. 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 bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Point72 Asset Management L.P., Robecosam AG, London Co. of Virginia, Prudential Financial Inc., Victory Capital Management Inc., MERIAN GLOBAL INVESTORS UK Ltd, and Bank of America Corp DE.
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 $135.20.

Skyworks Solutions has a market capitalization of $22.58 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]