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Skyworks Solutions, Inc. (SWKS)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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94.34-1.31 (-1.37%)
At close: 04:00PM EDT
96.60 +2.26 (+2.40%)
After hours: 07:30PM EDT

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  • -
    Can someone tell me what the solution for skyworks is?
  • H
    Hellrai$er - man, myth, legend!
    According to a report from Bloomberg, Apple has told its suppliers to make 90 million of its newest iPhones this year, which would be in line with 2021's production levels when the iPhone 13 was introduced. Apple is reportedly looking at building a total of 220 million iPhones in 2022, or roughly the same number of iPhones that were built a year ago.

    Skyworks will do fine :-)
  • L
    The debts have risen inexorably over the last 5 years, as have operating costs.
    This is heading back down to $70 in this market.
  • H
    Hellrai$er - man, myth, legend!
    Great numbers.

    “Revenue for the third fiscal quarter of 2022 was $1.233 billion, up 10% year over year, exceeding consensus estimates. On a GAAP basis, operating income for the third fiscal quarter was $325.8 million with diluted earnings per share of $1.66. On a non-GAAP basis, operating income was $439.7 million with non-GAAP diluted earnings per share of $2.44.”
  • H
    Hellrai$er - man, myth, legend!
    Fantastic guidance.

    “We expect double-digit sequential revenue and earnings growth in the September quarter,” said Kris Sennesael, senior vice president and chief financial officer of Skyworks. “Specifically, in the fourth fiscal quarter of 2022, we anticipate revenue to be between $1.375 billion and $1.425 billion with non-GAAP diluted earnings per share of $2.90 at the midpoint of our revenue range, representing sequential revenue and non-GAAP diluted earnings per share growth of 14% and 19%, respectively.”
  • H
    Hellrai$er - man, myth, legend!
    Great dividend increase. Another $0.06 extra per quarter as expected.

    “Increases Quarterly Dividend by 11% to $0.62 Per Share”
  • E
    Very nice dividend 115 into earnings. I’ve owned this company for 8 years 💰
  • P
    SWKS will be up like QRVO and QCOM. Be patient and hold tight!
  • K
    To answer my own question it looks like the share count went down by almost 3 million shares over last quarter

    164.4 million to 161.5
  • D
    The 10% revenue increase, Y/Y, for this quarter is absolutely all due to the Automotive aquisition. Also, the profit this quarter are lover than last year's, even with the Automotive aquisition. So, nothing special with this Q results. Hopefully, next two Qs will see some decent results.

    Holding pattern for 6 months or so.
  • H
    Hellrai$er - man, myth, legend!
    Skyworks upgraded at bit today

    BMO Capital raises to $135 from $120.
    B. Riley raises to $120 from $110

    Also a few downgrades but targets still in the $150-160 area.

    Graig-Hallum $160
    Raymond James $150
  • S
    Apple's blowout earnings means a win for SWKS. Look for 110+ tomorrow.
  • W
    Never buy one month high!
  • B
    Nokia Corp. on Thursday posted a forecast-beating second-quarter net profit as demand for mobile networks and network infrastructure remained strong, despite continuing supply chain constraints. Skyworks double digits growth is in great shape.
  • K
    Did the company purchase any shares back last quarter?
  • D
    Outstanding shares and stock repurchase.

    If you look at history of outstanding shares, it becomes apparent SWKS is almost issuing same amount of shares as they repurchase. Issuing is as shares to it's employees/Management.

    Read some article, positive to SWKS, but not happy with amount of shares given to the management.
  • B
    It's cheap, but headwinds coming. I am buyer around $70. INTC warning is bad.
  • G
    Analyst Note | by Brian Colello Updated Feb 03, 2022

    Skyworks Solutions reported solid fiscal first-quarter results and provided investors with a nice outlook for the March quarter and hinted at decent growth in the second half of calendar 2022. We saw few signs of underperformance at Apple (the company's largest customer) in the near-term and little indication that Apple is seeking to displace Skyworks in radio frequency, or RF, chip content in the near term or long term.

    We maintain our $210 fair value estimate for Skyworks and view shares as fundamentally undervalued and one of the best investment opportunities within our semiconductor coverage.

    Revenue in the December quarter was $1.51 billion, flat year over year as compared with the company's mammoth results in December 2020, while up 15% sequentially and just above the midpoint of guidance of $1.50 billion. Mobile revenue up 12% sequentially and down 13% year over year, with the latter due to the late timing of Apple's iPhone launch in 2020, which led to greater-than-usual RF shipments into Apple in the year-ago quarter. Broad market revenue was the bright spot, up 23% sequentially and 46% year over year, thanks to content gains across several end markets and nice growth from the firm's infrastructure and automotive business acquired from Silicon Labs. Flattish year-over-year sales contributed to flattish adjusted gross margins at just over 51%.

    Skyworks expects revenue in the March quarter of $1.33 billion at the midpoint, which would represent a 12% sequential decline due to seasonal weakness, but 13.5% growth year over year. Both segments should grow by more than 10% year over year, with broad markets leading the way again. Skyworks hinted that June quarterly revenue is shaping up to be in line with seasonal patterns of a minimal sequential decline (usually 0%-5%), while the firm is confident in hearty revenue in the second half of calendar 2022, in line with Apple's ramp of its next iPhone series.
    Business Strategy and Outlook | by Brian Colello Updated Nov 04, 2021

    Skyworks Solutions is a leading supplier of a variety of radio frequency components to smartphone makers and other electronics manufacturers. Although the company faces an intense competitive landscape, it should succeed in the coming years as the handset industry focuses on 5G devices, which we expect to require higher radio frequency dollar content per phone.

    Skyworks earns the majority of its revenue from mobile products, mostly from a variety of products that switch, filter, and amplify wireless signals in smartphones. Given the rise of advanced 4G- and 5G-enabled smartphones, which use a wider variety of wireless spectrum and frequency bands than in prior generations of networks, RF content per phone has grown exponentially in recent years, lifting Skyworks and its RF competitors. 5G rollouts are in the early innings today and 5G-connected devices should be even more complex, making Skyworks’ expertise even more valuable to device makers. Meanwhile, Skyworks is one of the few RF firms with the scale to supply hundreds of millions of RF products per year, giving it a leg up on new entrants. That said, Skyworks' RF prospects might not be rosy forever, given intense competition in RF chips and a customer base of only a handful of tech titans that could put pricing pressure on Skyworks and other RF chipmakers. The company has significant customer concentration with Apple (59% of fiscal 2021 revenue), and it would be a catastrophic blow to Skyworks if it were to ever miss out on a future iPhone design cycle. We also don't see a winner-take-all situation in the smartphone RF space, as handset makers have split their business enough among these RF firms to prevent a single firm from dominating the market over time.

    We're highly encouraged by Skyworks' diversification into nonhandset end markets, especially as connectivity is becoming more ubiquitous in other industries such as automotive. Although the firm has seen robust growth from these end markets, we suspect that its fortunes will remain tied to the wireless industry for quite some time.

  • L
    SWKS just increased their Total Addressable Market from here to Pluto! Betting big into car connectivity:

    Are they going to meet Apple's Car wireless RF connectivity demand?

    Upgrades to north of $300 coming!
  • B
    Be patient everyone this is not going up like Game Stop or AMC Theateres but in time it will rise. It has beat estimates for the past 5 qtrs and the 1st qtr of 2021 on January 28th was a Huge beat. Next Qtr is already reported to be a record too and on and on they go. Besides making chips for almost all handset manufactures they also make chips to go into telecommunication equipment that will be used for rolling out 5G around the Globe. I just mentioned 2 big things that they make but there are many other smaller things that make and sell that also generate profit for them too. This is a good company, well managed and returns most of its profit back to its share holders in the form of Share Buybacks. $2 Billion just approved for share repurchase through 2023. This $2 billion will eliminate 7% of their available shares that are currently on the market. That can only help to raise the share price. They also pay a healthy $2 per share dividend every year. So you can sit back and watch the cash or dividend reinvestment kick in every quarter. I have owned my shares since 2015 and after this latest run up on Monday I can definitely say I have enjoyed the show and the profit so far. I look forward to a huge 2021 and 2022 for this company and my prediction (it and $1 will get you any size drink at McDonald's LOL) for the share price of SWKS is $250 by the end of 2021 and $320 by the third quarter of 2022. These share predictions of mine are conservative of course and in reality could be much higher. Either way it is all future retirement money anyway. GLTA = Good Luck To All