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 twelve months. 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 analysts have issued 1-year target prices for Skyworks Solutions' shares. Their SWKS share price forecasts range from $97.00 to $140.00. On average, they anticipate the company's share price to reach $118.46 in the next year. This suggests a possible upside of 14.4% from the stock's current price.
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Skyworks Solutions' stock was trading at $91.13 at the beginning of the year. Since then, SWKS shares have increased by 13.6% and is now trading at $103.51.
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Skyworks Solutions saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 4,120,000 shares, an increase of 19.4% from the April 30th total of 3,450,000 shares. Based on an average daily trading volume, of 1,860,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.6% of the shares of the company are sold short.
View Skyworks Solutions' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our SWKS earnings forecast.

Skyworks Solutions, Inc. (NASDAQ:SWKS) issued its quarterly earnings results on Monday, May, 8th. The semiconductor manufacturer reported $2.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.03 by $0.01. The semiconductor manufacturer had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. Skyworks Solutions had a trailing twelve-month return on equity of 26.38% and a net margin of 21.70%. The firm's revenue for the quarter was down 13.7% on a year-over-year basis. During the same period last year, the business posted $2.29 earnings per share.
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Skyworks Solutions announced a quarterly dividend on Monday, May 8th. Investors of record on Tuesday, May 30th will be paid a dividend of $0.62 per share on Tuesday, June 20th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, May 26th.
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), SPDR S&P Semiconductor ETF (XSD), Innovator Deepwater Frontier Tech ETF (LOUP), iShares Future Cloud 5G and Tech ETF (IDAT), Fidelity Electric Vehicles and Future Transportation ETF (FDRV) and ProShares S&P Technology Dividend Aristocrats ETF (TDV).

Skyworks Solutions (NASDAQ:SWKS) pays an annual dividend of $2.48 per share and currently has a dividend yield of 2.36%. 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 35.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SWKS will have a dividend payout ratio of 31.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SWKS.

Skyworks Solutions announced that its board has authorized a share buyback plan on Monday, February 6th 2023, which authorizes the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 11.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

Skyworks Solutions issued an update on its third quarter 2023 earnings guidance on Monday, May, 8th. The company provided earnings per share (EPS) guidance of $1.67-$1.67 for the period, compared to the consensus estimate of $2.07. The company issued revenue guidance of $1.05 billion-$1.09 billion, compared to the consensus revenue estimate of $1.15 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.17%), State Street Corp (4.82%), FMR LLC (2.66%), Victory Capital Management Inc. (2.39%), Geode Capital Management LLC (2.22%) and Price T Rowe Associates Inc. MD (1.81%). 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 $103.51.

Skyworks Solutions (NASDAQ:SWKS) has a market capitalization of $16.47 billion and generates $5.49 billion in revenue each year. The semiconductor manufacturer earns $1.28 billion in net income (profit) each year or $6.93 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.