|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's range||113.48 - 117.00|
|52-week range||66.29 - 128.48|
|Beta (5Y monthly)||1.24|
|PE ratio (TTM)||24.00|
|Earnings date||29 Apr 2020 - 03 May 2020|
|Forward dividend & yield||1.76 (1.50%)|
|Ex-dividend date||09 Feb 2020|
|1y target est||129.80|
Skyworks Solutions (SWKS) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
(Bloomberg) -- Qualcomm Inc. tamped down expectations for sales growth next quarter, saying the payoff from the introduction of smartphones capable of using new high-speed wireless networks will take longer than anticipated.The chipmaker, which has tied its success to the roll out of fifth-generation, or 5G, networks, gave a sales forecast for the second fiscal quarter that topped analysts’ estimates. But revenue will be little changed in the following three-month period ending in June, Chief Financial Officer Akash Palkhiwala said Wednesday on a conference call after earnings were reported.Analysts had predicted Qualcomm’s revenue would increase quarter over quarter through the year. Shares, which had initially gained in extended trading, fell about 2% on the remarks.Consumers have been hanging on to handsets longer as technology advances slow. Qualcomm and the rest of the industry are arguing that 5G will reverse that trend. While 5G networks are beginning to roll out, much of that demand won’t come until the introduction of new smartphones in the September quarter, Palkhiwala said.“We expect the next inflection point with the launch of additional 5G flagship handsets to be in the fourth quarter and extend into fiscal 2021,” Palkhiwala said on the call. “We expect our third fiscal quarter performance to be in line with our second fiscal quarter.”Revenue will be $4.9 billion to $5.7 billion in the fiscal second quarter, which ends in March, the San Diego-based company said in a statement. Analysts, on average, estimated $5.1 billion, according to data compiled by Bloomberg. Fiscal first-quarter sales and profit also beat estimates.The company has factored in the possible disruption of the coronavirus in China, the biggest market for smartphones, on consumer demand, Palkhiwala said.Qualcomm shares declined to a low of $86.68 in extended trading after closing at $90.91 in New York. The stock has gained 79% in the past 12 months.In the first quarter, net income fell to $925 million, or 80 cents a share, from $1.07 billion, or 87 cents, a year earlier. Excluding certain items, profit was 99 cents a share, compared with an average estimate of 85 cents.Revenue rose 4.9% to $5.08 billion in the period, which ended Dec. 29. Analysts on average had predicted $4.83 billion in sales. It was the first year-over-year sales growth in six quarters.The chipmaker is the largest provider of technology underpinning modern phone networks, making its results a key indicator of industry demand. Qualcomm predicted that as many as 1.85 billion phones will be sold in 2020, a return to growth after a decline last year.The company gets the bulk of its profit from licensing patents that it says cover the fundamentals of modern phone systems. Qualcomm charges a percentage of the selling price of each handset, payable by phone makers regardless of whether they use its chips. The company’s modems and processors provide it with the majority of revenue.Technology licensing revenue jumped 38% to $1.4 billion in the fiscal first quarter, but the company projected a decline to $1 billion to $1.2 billion in the current period. The chip division generated $3.6 billion, falling 3.2% from a year earlier. Qualcomm predicted sales will reach as much as $4.5 billion this quarter.The company is emerging from years of legal disputes and regulatory proceedings that threatened its licensing model. It still has to reach an agreement in a patent-fee standoff with China’s Huawei Technologies Co. and overturn a sweeping U.S. antitrust decision through an appeal that is due to start next week.Qualcomm settled a broad-ranging legal dispute with Apple Inc. and the iPhone maker agreed to resume using Qualcomm chips. But a Federal Trade Commission case alleged unfair business practices and Qualcomm has been ordered to renegotiate patent licenses. The company has won a stay on that decision. Other branches of the U.S. government have said they support Qualcomm’s position against the FTC and the lower court, sparking optimism it will succeed.Separately, Qualcomm disclosed in a filing that it received a request for information on Dec. 3 from the European Commission, which is investigating whether the company engaged in anti-competitive behavior by exploiting its market position in baseband processors to help it in the 5G radio-frequency chip market. Qualcomm said it’s in the process of responding.The company has increased its efforts in RF chips, which help convert radio waves into data that can be processed by other parts of a phone. It competes in the market with Broadcom Inc., Qorvo Inc. and Skyworks Solutions Inc. While Qualcomm has touted its success in RF in new handset models, 5G phones are still a fraction of the total smartphones sold.(Updates with EU investigation in the final two paragraphs)To contact the reporter on this story: Ian King in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Alistair Barr at email@example.com, Andrew Pollack, Jillian WardFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
It looks like Skyworks Solutions, Inc. (NASDAQ:SWKS) is about to go ex-dividend in the next 4 days. If you purchase...
As you might know, Skyworks Solutions, Inc. (NASDAQ:SWKS) recently reported its quarterly numbers. The result was...
Exact Sciences, GameStop, Intel, Intuitive Surgical and Skyworks highlighted as Zacks Bull and Bear of the Day
(Bloomberg) -- Semiconductor makers Qorvo Inc. and Skyworks Solutions Inc. are weighing bids for Broadcom Inc.’s wireless-chip business, which could fetch about $10 billion in a sale, according to people familiar with the matter.Other potential buyers could be interested, said the people, who asked to not be identified because the matter isn’t public. The unit makes radio-frequency, or RF, chips.A final decision hasn’t been made and Qorvo and Skyworks may opt not to proceed with offers, they said.A representative for Broadcom declined to comment. Representatives for Qorvo and Skyworks didn’t respond to requests for comment.Broadcom on Thursday disclosed new agreements to provide components for Apple Inc. devices for several years. The disclosure lets potential acquirers of the radio frequency unit know that they’re buying into a substantial business relationship with Cupertino, California-based Apple.The potential sale comes as Broadcom Chief Executive Officer Hock Tan -- fresh off a $10.7 billion takeover of Symantec Corp.’s security software unit -- seeks to focus on businesses with strong share in profitable markets that don’t require excessive investment. He’s jettisoning components that don’t fit that plan. Broadcom agreed to sell a cybersecurity services business this month to Accenture Plc.The RF unit’s chips are used to filter and amplify radio frequency signals. Its filters also let wireless communications systems support a large number of subscribers at the same time by ensuring that voice and data streams don’t interfere with each other.The Wall Street Journal reported in December that Broadcom was seeking a buyer for the division.To contact the reporters on this story: Ed Hammond in New York at firstname.lastname@example.org;Liana Baker in New York at email@example.com;Ian King in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Liana Baker at email@example.com, ;Alistair Barr at firstname.lastname@example.org, Matthew Monks, Michael HythaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Broadcom Inc. disclosed new agreements to provide components for Apple Inc. devices released through the middle of 2023.The San Jose, California-based chipmaker said it entered into two multiyear pacts “for the supply of a range of specified high-performance wireless components and modules to Apple for use in its products.” That’s in addition to another similar agreement that Broadcom reached with Apple in 2019. The three deals could generate about $15 billion in future revenue, Broadcom added.Broadcom shares rose more than 2% in late trading, while rival Skyworks Solutions Inc. dropped as much as 7.7%. Broadcom is a major Apple supplier, providing radio-frequency chips that let iPhones, iPads and Apple Watches connect to cellular data networks. Broadcom has also supplied other components to Apple, including chips for connecting devices to Wi-Fi networks.Broadcom put its radio frequency chip unit up for sale last year. Thursday’s disclosure lets potential acquirers know that they’re buying into a substantial business relationship with Cupertino, California-based Apple.Apple typically reaches long-term deals with major suppliers, but the company is also developing its own components.To contact the reporter on this story: Mark Gurman in Los Angeles at email@example.comTo contact the editors responsible for this story: Tom Giles at firstname.lastname@example.org, Alistair Barr, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Investing.com - Skyworks (NASDAQ:SWKS) announced first quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
Skyworks' (SWKS) fiscal first-quarter results are likely to reflect deal wins on strength in Wi-Fi 6 solutions amid increasing expenditure on product development.
Skyworks Solutions (SWKS) closed the most recent trading day at $124.17, moving +0.88% from the previous trading session.
Skyworks (SWKS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zacks Investment Ideas feature highlights: Verizon, Qualcomm, Broadcom, Intel and Skyworks Solutions