Skyworks Solutions - SWKS Stock Forecast, Price & News

24 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, 7 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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24 equities research analysts have issued 12 month price targets for Skyworks Solutions' stock. Their SWKS share price forecasts range from $90.00 to $140.00. On average, they anticipate the company's stock price to reach $120.35 in the next year. This suggests a possible upside of 6.2% from the stock's current price.
View analysts price targets for SWKS or view top-rated stocks among Wall Street analysts.

Skyworks Solutions' stock was trading at $91.13 at the beginning of the year. Since then, SWKS stock has increased by 24.3% and is now trading at $113.30.
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Skyworks Solutions saw a increase in short interest in March. As of March 15th, there was short interest totaling 3,800,000 shares, an increase of 27.9% from the February 28th total of 2,970,000 shares. Based on an average daily volume of 1,910,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.4% 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 Tuesday, May 2nd 2023.
View our SWKS earnings forecast.

Skyworks Solutions, Inc. (NASDAQ:SWKS) released its earnings results on Monday, February, 6th. The semiconductor manufacturer reported $2.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.59. The semiconductor manufacturer earned $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. Skyworks Solutions had a trailing twelve-month return on equity of 28.65% and a net margin of 22.33%. The firm's revenue was down 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.90 EPS.
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Skyworks Solutions announced a quarterly dividend on Monday, February 6th. Stockholders of record on Tuesday, February 28th will be given a dividend of $0.62 per share on Tuesday, March 21st. This represents a $2.48 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Monday, February 27th.
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), Fidelity Electric Vehicles and Future Transportation ETF (FDRV), Innovator Loup Frontier Tech ETF (LOUP), iShares Future Cloud 5G and Tech ETF (IDAT), ProShares S&P Technology Dividend Aristocrats ETF (TDV) and SPDR S&P Semiconductor ETF (XSD).

Skyworks Solutions (NASDAQ:SWKS) pays an annual dividend of $2.48 per share and currently has a dividend yield of 2.16%. 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 33.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SWKS will have a dividend payout ratio of 26.41% 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 of Directors has authorized a share repurchase plan on Monday, February 6th 2023, which allows the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 11.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

Skyworks Solutions updated its second quarter 2023 earnings guidance on Monday, February, 6th. The company provided EPS guidance of $2.02-$2.02 for the period, compared to the consensus estimate of $2.24. The company issued revenue guidance of $1.13 billion-$1.18 billion, compared to the consensus revenue estimate of $1.19 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 Victory Capital Management Inc. (2.62%), Victory Capital Management Inc. (2.61%), Vulcan Value Partners LLC (2.48%), Geode Capital Management LLC (2.19%), Edmp Inc. (2.14%) and Lazard Asset Management LLC (2.07%). 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.
View institutional ownership trends.

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 $113.30.

Skyworks Solutions (NASDAQ:SWKS) has a market capitalization of $18.01 billion and generates $5.49 billion in revenue each year. The semiconductor manufacturer earns $1.28 billion in net income (profit) each year or $7.33 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.