Skyworks Solutions Inc (SWKS) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $1.25 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $1.24. The company posted revenue of $775.10 million in the period, compared to analysts expectations of $775.49 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.
Many Wall Street Analysts have commented on Skyworks Solutions Inc. Shares were Reiterated by Mizuho on Apr 29, 2016 to “Buy” and Lowered the Price Target to $ 99 from a previous price target of $105 .Shares were Reiterated by Cowen on Apr 29, 2016 to “Market Perform” and Lowered the Price Target to $ 76 from a previous price target of $78 .Shares were Reiterated by Topeka Capital Markets on Apr 29, 2016 to “Buy” and Lowered the Price Target to $ 85 from a previous price target of $90 .
Skyworks Solutions Inc opened for trading at $68.68 and hit $72.84 on the upside on Wednesday, eventually ending the session at $72.32, with a gain of 0.86% or 0.62 points. The heightened volatility saw the trading volume jump to 63,50,460 shares. Company has a market cap of $13,861 M.
In a different news, on Apr 21, 2016, David J Aldrich (Chairman and CEO) sold 15,000 shares at $73.36 per share price. According to the SEC, on Apr 19, 2016, Peter L Gammel (Chief Technology Officer) sold 1,500 shares at $76.64 per share price. On Apr 15, 2016, Liam Griffin (President) sold 2,500 shares at $75.28 per share price, according to the Form-4 filing with the securities and exchange commission.
Skyworks Solutions Inc. is engaged in the production of analog semiconductors. The Company supports automotive broadband wireless infrastructure energy management Global Positioning System (GPS) industrial medical military wireless networking smartphone and tablet applications. The Company’s portfolio includes amplifiers attenuators circulators demodulators detectors diodes directional couplers front-end modules hybrids infrastructure radio frequency (RF) subsystems isolators lighting and display solutions mixers modulators optocouplers optoisolators phase shifters phase locked loops (PLLs) synthesizers voltage controlled oscillator power dividers (VCOs) power dividers/combiners power management devices receivers switches and technical ceramics. The Company’s products include Front-end Modules and Amplifiers Wireless Infrastructure Power Management Precision Analog Components WiFi Connectivity and Smart Energy.