Skyworks Solutions (SWKS) to Release Earnings on Tuesday

Skyworks Solutions (NASDAQ:SWKS) will release its earnings data after the market closes on Tuesday, November 12th. Analysts expect Skyworks Solutions to post earnings of $1.25 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Skyworks Solutions Trading Down 2.2 %

Skyworks Solutions stock opened at $89.16 on Friday. The stock has a market cap of $14.24 billion, a P/E ratio of 18.38, a PEG ratio of 4.10 and a beta of 1.21. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 4.29. Skyworks Solutions has a 1 year low of $86.21 and a 1 year high of $120.86. The firm’s 50 day moving average price is $96.90 and its 200-day moving average price is $100.84.

Analysts Set New Price Targets

SWKS has been the subject of a number of recent research reports. Rosenblatt Securities raised their target price on shares of Skyworks Solutions from $120.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Barclays lowered shares of Skyworks Solutions from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $115.00 to $87.00 in a report on Thursday, October 10th. TD Cowen lifted their price objective 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. Stifel Nicolaus lifted their price objective on shares of Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, B. Riley dropped their price objective on shares of Skyworks Solutions from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and an average target price of $110.20.

Insider Buying and Selling at Skyworks Solutions

In related news, SVP Reza Kasnavi sold 1,843 shares of the stock in a transaction that occurred 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 directly owns 17,455 shares of the company’s stock, valued at $1,875,888.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Skyworks Solutions news, SVP Carlos S. Bori sold 10,177 shares of the stock in a transaction 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 completion of the sale, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at $2,638,548.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Reza Kasnavi sold 1,843 shares of the 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 transaction, the senior vice president now owns 17,455 shares of the company’s stock, valued at approximately $1,875,888.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,341 shares of company stock valued at $2,142,110 in the last ninety days. Company 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.