Skyworks Solutions (SWKS) Stock Forecast, Price & News

27 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, 9 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SWKS shares.
View SWKS analyst ratings or view top-rated stocks.

27 brokerages have issued 12 month target prices for Skyworks Solutions' stock. Their SWKS share price forecasts range from $100.00 to $150.00. On average, they expect the company's share price to reach $121.27 in the next twelve months. This suggests a possible upside of 13.1% from the stock's current price.
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Skyworks Solutions' stock was trading at $91.13 at the start of the year. Since then, SWKS stock has increased by 17.7% and is now trading at $107.24.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our SWKS earnings forecast.

Skyworks Solutions, Inc. (NASDAQ:SWKS) issued its earnings results on Monday, August, 7th. The semiconductor manufacturer reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.30. The semiconductor manufacturer had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.07 billion. Skyworks Solutions had a trailing twelve-month return on equity of 23.89% and a net margin of 20.97%. The company's revenue was down 13.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.12 EPS.
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Skyworks Solutions announced a quarterly dividend on Monday, August 7th. Stockholders of record on Tuesday, August 29th will be paid a dividend of $0.68 per share on Tuesday, September 19th. This represents a $2.72 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Monday, August 28th. This is an increase from the stock's previous quarterly dividend of $0.62.
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), Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN), First Trust Nasdaq Semiconductor ETF (FTXL), Innovator Deepwater Frontier Tech ETF (LOUP), SPDR S&P Semiconductor ETF (XSD), Defiance Next Gen Connectivity ETF (FIVG), iShares Future Cloud 5G and Tech ETF (IDAT) and Invesco Dynamic Semiconductors ETF (PSI).

Skyworks Solutions (NASDAQ:SWKS) pays an annual dividend of $2.48 per share and currently has a dividend yield of 2.31%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 38.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SWKS will have a dividend payout ratio of 31.43% 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 initiated a stock buyback program on Monday, February 6th 2023, which authorizes the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 11.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

Skyworks Solutions updated its fourth quarter 2023 earnings guidance on Monday, August, 7th. The company provided earnings per share guidance of $2.10-$2.10 for the period, compared to the consensus estimate of $2.11. The company issued revenue guidance of $1.19 billion-$1.24 billion, compared to the consensus revenue estimate of $1.22 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.43%), Victory Capital Management Inc. (2.51%), Geode Capital Management LLC (2.26%), Northern Trust Corp (1.21%), Dimensional Fund Advisors LP (1.03%) and Bank of New York Mellon Corp (0.98%). Insiders that own company stock include Carlos S Bori, Carlos S Bori, Karilee A Durham, Karilee A Durham, Liam Griffin, P Mcglade David, Reza Kasnavi, Robert John Terry, Timothy R Furey and Timothy R Furey.
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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 $107.24.

Skyworks Solutions (NASDAQ:SWKS) has a market capitalization of $17.09 billion and generates $5.49 billion in revenue each year. The semiconductor manufacturer earns $1.28 billion in net income (profit) each year or $6.49 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.