Skyworks Solutions (NASDAQ:SWKS) Releases Q4 2024 Earnings Guidance

Skyworks Solutions (NASDAQ:SWKS) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.520-1.520 for the period, compared to the consensus estimate of 1.510. The company issued revenue guidance of $1.0 billion-$1.0 billion, compared to the consensus revenue estimate of $1.0 billion. Skyworks Solutions also updated its Q4 guidance to approx $1.52 EPS.

Skyworks Solutions Price Performance

Shares of NASDAQ SWKS traded up $0.28 during mid-day trading on Tuesday, reaching $117.69. The company’s stock had a trading volume of 4,316,661 shares, compared to its average volume of 2,473,267. The firm has a market capitalization of $18.88 billion, a PE ratio of 22.12, a P/E/G ratio of 5.53 and a beta of 1.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.19 and a quick ratio of 3.81. The stock has a fifty day moving average of $104.56 and a two-hundred day moving average of $103.18. Skyworks Solutions has a 52 week low of $85.06 and a 52 week high of $120.86.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. As a group, sell-side analysts anticipate that Skyworks Solutions will post 5.14 EPS for the current fiscal year.

Skyworks Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th will be paid a dividend of $0.70 per share. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 2.38%. Skyworks Solutions’s dividend payout ratio is presently 51.13%.

Analyst Ratings Changes

A number of equities analysts recently commented on SWKS shares. Mizuho dropped their price target on Skyworks Solutions from $125.00 to $115.00 and set a buy rating for the company in a research note on Wednesday, May 1st. Susquehanna increased their price target on Skyworks Solutions from $90.00 to $125.00 and gave the company a neutral rating in a research note on Wednesday, July 17th. Piper Sandler dropped their price target on Skyworks Solutions from $105.00 to $95.00 and set a neutral rating for the company in a research note on Wednesday, May 1st. Needham & Company LLC reissued a hold rating on shares of Skyworks Solutions in a research note on Wednesday, May 1st. Finally, Rosenblatt Securities decreased their price objective on Skyworks Solutions from $130.00 to $120.00 and set a buy rating on the stock in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average target price of $107.67.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, CEO Liam Griffin purchased 11,142 shares of Skyworks Solutions stock in a transaction dated Thursday, May 2nd. The shares were purchased at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the acquisition, the chief executive officer now owns 104,153 shares in the company, valued at approximately $9,373,770. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total transaction of $49,720.00. Following the transaction, the vice president now directly owns 9,564 shares in the company, valued at approximately $1,052,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Liam Griffin acquired 11,142 shares of Skyworks Solutions stock in a transaction on Thursday, May 2nd. The shares were purchased at an average price of $90.00 per share, for a total transaction of $1,002,780.00. Following the completion of the acquisition, the chief executive officer now directly owns 104,153 shares in the company, valued at $9,373,770. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 26,337 shares of company stock worth $2,399,797. 0.34% of the stock is currently owned by company insiders.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.