Skyworks Solutions (NASDAQ:SWKS) Updates Q1 Earnings Guidance

Skyworks Solutions (NASDAQ:SWKS) updated its first quarter earnings guidance on Tuesday. The company provided EPS guidance of $1.57 for the period, compared to the consensus EPS estimate of $1.71. The company issued revenue guidance of $1.05-$1.08 billion, compared to the consensus revenue estimate of $1.09 billion.

Skyworks Solutions Stock Down 1.1 %

Skyworks Solutions stock traded down $0.94 during midday trading on Tuesday, hitting $87.04. 3,222,304 shares of the company’s stock were exchanged, compared to its average volume of 2,360,511. The company has a market cap of $13.90 billion, a PE ratio of 18.14, a P/E/G ratio of 4.05 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75. The firm has a 50-day moving average of $96.47 and a two-hundred day moving average of $100.73. Skyworks Solutions has a 12 month low of $85.99 and a 12 month high of $120.86.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on SWKS shares. Craig Hallum increased their price objective on Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Rosenblatt Securities boosted their price target on Skyworks Solutions from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Loop Capital initiated coverage on Skyworks Solutions in a research note on Monday. They set a “hold” rating and a $90.00 price objective for the company. TD Cowen upped their price target on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Finally, Barclays lowered shares of Skyworks Solutions from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $115.00 to $87.00 in a research note on Thursday, October 10th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $108.94.

Insider Buying and Selling

In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $97.63, for a total transaction of $993,580.51. Following the completion of the sale, the senior vice president now directly owns 27,026 shares in the company, valued at $2,638,548.38. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Carlos S. Bori sold 10,177 shares of Skyworks Solutions stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the transaction, the senior vice president now owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Reza Kasnavi sold 1,843 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $107.47, for a total transaction of $198,067.21. Following the completion of the sale, the senior vice president now owns 17,455 shares in the company, valued at $1,875,888.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,341 shares of company stock valued at $2,142,110. Corporate insiders own 0.34% of the company’s stock.

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.