Skyworks Solutions Company Profile (NASDAQ:SWKS)

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

Skyworks Solutions declared a quarterly dividend on Thursday, April 27th. Stockholders of record on Tuesday, May 16th will be paid a dividend of $0.28 per share on Tuesday, June 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, May 12th. View Skyworks Solutions' Dividend History.

Skyworks Solutions announced that its Board of Directors has approved a share repurchase program on Thursday, April 6th 2017, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 3.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Skyworks Solutions Inc (NASDAQ:SWKS) posted its quarterly earnings results on Thursday, April, 27th. The company reported $1.33 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.30 by $0.03. The company had revenue of $851.70 million for the quarter, compared to analysts' expectations of $840.43 million. Skyworks Solutions had a return on equity of 27.80% and a net margin of 27.40%. The firm's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 earnings per share. View Skyworks Solutions' Earnings History.

Skyworks Solutions is scheduled to release their next quarterly earnings announcement on Wednesday, July, 19th 2017. View Earnings Estimates for Skyworks Solutions.

Skyworks Solutions updated its third quarter earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of approx $1.52 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.49. The company issued revenue guidance of approx $890 million, compared to the consensus revenue estimate of $869.14 million.

23 equities research analysts have issued 12 month price objectives for Skyworks Solutions' stock. Their forecasts range from $66.00 to $120.00. On average, they expect Skyworks Solutions' share price to reach $100.32 in the next year. View Analyst Ratings for Skyworks Solutions.

Here are some recent quotes from research analysts about Skyworks Solutions stock:

• 1. According to Zacks Investment Research, "We note that Skyworks has outperformed the broader market on a year-to-date basis. We expect the second-quarter beat, positive guidance, aggressive share buyback and improving growth prospects at Apple, Samsung and Huawei will help the stock’s momentum in the rest of 2017. Further, strategic design wins in IoT, automotive and 5G markets to remain significant positives for Skyworks in the long haul. However, heavy investments in R&D are escalating operating expenses, which is affecting margins. Significant pricing pressure, technological obsolescence and high concentration risks remain additional headwinds." (5/4/2017)
• 2. Mizuho analysts commented, "We note a significant ~120M iPhone 8 units in 2H17E vs ~89M iPhone7/7+ in 2H16 should position the RF handset supply chain for upside." (4/28/2017)
• 3. Barclays PLC analysts commented, "Stanley Black and Decker closed both the Craftsman acquisition and the Newell acquisition this week, well faster than our expectation. We are adjusting our forecasts, which had previously not included deal accretion. Closure of both was likely, so this is not a surprise per se, though the completion in 1Q is a positive and removes a modest potential risk. We understand the faster than anticipated closing was not a result of any new administration policy or actions towards review; rather, SBD had built in a schedule that included the potential for extended reviews that sometimes happen. Particularly in the case of Craftsman, we believe the deal structure, in which Stanley effectively shielded itself from any ties to struggling Sears, and left Craftsman at Sears as a competitor, sped up the review process. Our PT of $144 is ~18x our 2018E EPS of $8.09. Our former PT of $140 is ~18x our former 2018E EPS of $7.58." (3/13/2017)
• 4. Canaccord Genuity analysts commented, "While we did not meet with Skyworks management at MWC, our overall MWC meetings lead us to believe Skywork's is well positioned for strong trends throughout C2017 driven by strong content share with leading Chinese smartphone OEMs including Vivo, Oppo, Meizu, Xiaomi and Huaweu." (3/6/2017)
• 5. Needham & Company LLC analysts commented, "SWKS delivered beat and raise results in F1Q17 and is already fully booked to its better than expected F2Q17 guidance. The company secured meaningful content gains on Samsung's GS8 smartphone platform and has now depleted any excess inventory of components at Apple. SWKS is leveraging its TC-SAW capability into high-band PADs. Its Broad Markets business is poised for DD Y/Y growth for the foreseeable future driven by increasing demand for connectivity in connected home, IoT and automotive applications. Most importantly, SWKS is positioned to (meaningfully) beat estimates later this year should the iPhone 8 cycle prove as strong as Apple bulls envision. With management's strong track record of execution, we reiterate our Buy rating and raise our PT to $92 from $84." (1/20/2017)

Skyworks Solutions saw a decrease in short interest during the month of April. As of April 28th, there was short interest totalling 6,772,367 shares, a decrease of 24.1% from the April 13th total of 8,926,476 shares. Based on an average daily trading volume, of 2,382,385 shares, the short-interest ratio is presently 2.8 days. Approximately 3.7% of the shares of the company are short sold.

Some companies that are related to Skyworks Solutions include Xilinx (XLNX), Marvell Technology Group (MRVL), Semiconductor Manufacturing Int'l (SMI), Microsemi (MSCC), Silicon Laboratories (SLAB), Amkor Technology (AMKR), Semtech (SMTC), Tower Semiconductor (TSEM), MaxLinear (MXL), Power Integrations (POWI), Cabot Microelectronics (CCMP), Applied Optoelectronics (AAOI), Diodes Incorporated (DIOD), Sequans Communications SA (SQNS), Electro Scientific Industries (ESIO), EMCORE (EMKR), DSP Group (DSPG) and AXT (AXTI).

Skyworks Solutions' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.64%), BlackRock Inc. (6.52%), State Street Corp (4.19%), Lazard Asset Management LLC (3.08%), FMR LLC (2.65%) and Wellington Management Group LLP (1.84%). Company insiders that own Skyworks Solutions stock include Balakrishnan S Iyer, Bruce J Freyman, David J Aldrich, Donald W Palette, Kevin L Beebe, Laura A Gasparini, Liam Griffin, Mark V B Tremallo, Peter L Gammel, Robert John Terry and Timothy R Furey. View Institutional Ownership Trends for Skyworks Solutions.

Skyworks Solutions' stock was sold by a variety of institutional investors in the last quarter, including Manning & Napier Advisors LLC, Ameriprise Financial Inc., Lazard Asset Management LLC, Parametric Portfolio Associates LLC, FMR LLC, Morgan Stanley, Bank of New York Mellon Corp and Nicholas Company Inc.. Company insiders that have sold Skyworks Solutions stock in the last year include Bruce J Freyman, David J Aldrich, Kevin L Beebe, Laura A Gasparini, Liam Griffin, Mark V B Tremallo, Peter L Gammel, Robert John Terry and Timothy R Furey. View Insider Buying and Selling for Skyworks Solutions.

Skyworks Solutions' stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Winslow Capital Management LLC, Boston Partners, AQR Capital Management LLC, Vanguard Group Inc., APG Asset Management N.V., Geode Capital Management LLC and Old Mutual Global Investors UK Ltd.. View Insider Buying and Selling for Skyworks Solutions.

Shares of Skyworks Solutions can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Skyworks Solutions stock can currently be purchased for approximately $105.89.