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Skyworks Solutions (NASDAQ:SWKS - Get Rating) issued an update on its fourth quarter 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.90-$2.90 for the period, compared to the consensus estimate of $2.93. The company issued revenue guidance of $1.38 billion-$1.43 billion, compared to the consensus revenue estimate of $1.42 billion. Skyworks Solutions Stock Performance

Shares of SWKS stock opened at $111.01 on Thursday. The business's 50 day simple moving average is $101.08 and its 200 day simple moving average is $116.96. Skyworks Solutions has a one year low of $88.76 and a one year high of $186.87. The stock has a market capitalization of $17.81 billion, a PE ratio of 14.11, a PEG ratio of 0.95 and a beta of 1.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.37 and a quick ratio of 1.19.

Skyworks Solutions (NASDAQ:SWKS - Get Rating) last announced its earnings results on Thursday, August 4th. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.05 by $0.39. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. Skyworks Solutions had a return on equity of 30.43% and a net margin of 24.11%. The firm's revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.96 earnings per share. As a group, research analysts forecast that Skyworks Solutions will post 9.83 earnings per share for the current year. Skyworks Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.23%. This is a boost from Skyworks Solutions's previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Wednesday, August 24th. Skyworks Solutions's dividend payout ratio is presently 28.46%. Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Barclays cut their price target on Skyworks Solutions from $125.00 to $122.00 and set an equal weight rating on the stock in a report on Monday, July 25th. Craig Hallum cut their price target on Skyworks Solutions from $220.00 to $180.00 in a report on Wednesday, May 4th. Bank of America cut Skyworks Solutions from a neutral rating to an underperform rating and cut their target price for the stock from $130.00 to $105.00 in a report on Wednesday, June 29th. Cowen cut their target price on Skyworks Solutions from $175.00 to $160.00 in a report on Wednesday, May 4th. Finally, Benchmark cut their target price on Skyworks Solutions from $190.00 to $155.00 in a report on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Skyworks Solutions presently has an average rating of Hold and a consensus target price of $142.45.Insider Transactions at Skyworks Solutions

In other news, SVP Karilee A. Durham sold 5,858 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $112.26, for a total transaction of $657,619.08. Following the completion of the transaction, the senior vice president now owns 10,130 shares in the company, valued at approximately $1,137,193.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is owned by corporate insiders. Institutional Trading of Skyworks Solutions

Large investors have recently modified their holdings of the business. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of Skyworks Solutions by 51.0% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 379 shares of the semiconductor manufacturer's stock valued at $51,000 after buying an additional 128 shares in the last quarter. Covestor Ltd raised its holdings in shares of Skyworks Solutions by 96.6% during the 1st quarter. Covestor Ltd now owns 1,429 shares of the semiconductor manufacturer's stock valued at $191,000 after buying an additional 702 shares in the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of Skyworks Solutions by 8.0% during the 1st quarter. Wetherby Asset Management Inc. now owns 1,854 shares of the semiconductor manufacturer's stock valued at $247,000 after buying an additional 138 shares in the last quarter. Raymond James Trust N.A. increased its stake in Skyworks Solutions by 7.8% in the 1st quarter. Raymond James Trust N.A. now owns 2,328 shares of the semiconductor manufacturer's stock worth $310,000 after purchasing an additional 169 shares during the period. Finally, Toroso Investments LLC increased its stake in Skyworks Solutions by 11.2% in the 1st quarter. Toroso Investments LLC now owns 2,703 shares of the semiconductor manufacturer's stock worth $360,000 after purchasing an additional 272 shares during the period. Institutional investors own 72.09% of the company's stock. Skyworks Solutions Company Profile (Get Rating)

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.Recommended StoriesGet a free copy of the StockNews.com research report on Skyworks Solutions (SWKS)Solar Stocks Shine Brightly After Passage Of Clean Energy Bill3 Stable Growth Stocks for Bumpy TimesLarge And Small Oil-And-Gas Stocks See Post-Earnings BounceThe 2 Dow Stocks with Decade-Long Win Streaks on the LineCould Rite Aid Be an Acquisition Target, Again?

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