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Skyworks Solutions [stckqut]SWKS[/stckqut] posted fiscal 4Q financial results late Thursday that impressed investors and raised its EPS forecasts, sending shares rising almost 8% in recent market action.

At $1.52, EPS rose in line with the Street’s expectations during the quarter that ended Oct. 2 while revenue climbed 23% to almost $881 million. During the current quarter, Skyworks expects to earn $1.60 a share on revenue of $925 million to $930 million, besting the $1.57 and $921.5 million expected by the Street.

But it’s the company’s longer-term EPS guidance that caught everyone’s attention. Skyworks expects annualized EPS of $8 within the next two years, up from the $7 previous target. That overshadowed lingering worries that maturing iPhone sales will hurt Skyworks and other members of Apple’s [stckqut]AAPL[/stckqut] supply chain during the coming holiday season.

Source: Skyworks Raises the Bar; Sees $8 EPS in 2 Years

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Company name Skyworks Solutions Inc
Stock ticker SWKS
Live stock price [stckqut]SWKS[/stckqut]
P/E compared to competitors Good

MANAGEMENT EXECUTION

Employee productivity Good
Sales growth Good
EPS growth Good
P/E growth Good
EBIT growth Good

ANALYSIS

Confident Investor Rating Good
Target stock price (TWCA growth scenario) $129.96
Target stock price (averages with growth) $143.8
Target stock price (averages with no growth) $65.48
Target stock price (manual assumptions) $129.85

The following company description is from Google Finance: http://www.google.com/finance?q=swks

Skyworks Solutions, Inc. (Skyworks) is engaged in the production of analog semiconductors. The Company supports automotive, broadband, cellular infrastructure, energy management, Global Positioning System (GPS), industrial, medical, military, wireless networking, smartphone and tablet applications. The Company’s portfolio consists of amplifiers, attenuators, battery chargers, circulators, DC/DC (direct current/direct current) converters, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure radio frequency subsystems, isolators, LED (light emitting diodes) drivers, mixers, modulators, optocouplers, optoisolators, phase shifters, PLLs (Phase Locked Loops)/synthesizers/VCOs (voltage controlled oscillator, power dividers/combiners, power management devices, receivers, switches, technical ceramics and voltage regulators.

 

Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in Skyworks Solutions Inc.

If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor. You can review the best companies that I have found (and I probably invest my own money in most of these companies) in my Watch List.

How was this analysis of Skyworks Solutions Inc calculated?

For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.
[s2If current_user_can(access_s2member_level1)]

In order to assist you in using the techniques of this book, the values that I used when calculating the Manual pricing above were:

  • Stock price at the time of the calculation: $84.17
  • Growth: 0.2
  • Current EPS (TTM): $3.82
  • P/E: 22
  • Future EPS Calc: $9.5
  • Future Stock Price Calc: $209.11
  • Target stock price: $129.84

[/s2If]
I hope that this makes you a Confident Investor.

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In recent weeks, there has been some concern over technology giant Apple [stckqut]AAPL[/stckqut] due to a slowdown in China, its fastest growing market. As a result, a number of Apple suppliers have seen their shares pull back a bit, including Skyworks Solutions [stckqut]SWKS[/stckqut].

  • Shares have pulled back along with Apple.

  • Business remains strong, margins improving nicely.

  • Lower share price means higher dividend yield and stronger buyback.

  • Valuation seems a bit depressed considering expected growth profile.

Source: Skyworks Solutions: A Pullback To Strongly Consider – Skyworks Solutions, Inc. (NASDAQ:SWKS) | Seeking Alpha

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Skyworks Solutions [stckqut]SWKS[/stckqut] is the top performing S&P 500 company over the past year, as its stock rose 131%. The company, together with its subsidiaries, produces high reliability analog and mixed signal semiconductors.

Skyworks Solutions Inc stock is currently trading 8.32% below its 52-week-high, 132.23% above its 52-week-low. The 1-year stock price history is in the range of $44.06 – $111.6. Skyworks Solutions Inc has a price to earnings ratio of 30.56 versus Technology sector average of 24.67. SWKS stock price has outperformed the Nasdaq by 36.4%. The Electronic Components company is currently valued at $19.55 billion and its share price closed the last trading session at $102.32. The stock has a 50-day moving average of $100.13 and a 200-day moving average of $87.09.

Source: Technical Report on Skyworks Solutions Inc (NASDAQ:SWKS) | Markets Wired

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Of these three companies, I currently only track Skyworks Solutions on my WatchList.

Skyworks Solutions Inc (NASDAQ:SWKS) [stckqut]SWKS[/stckqut]

Headquartered in Woburn, MA, Skyworks Solutions, Inc. is the industry’s leading wireless semiconductor company focused on radio frequency (RF) and complete semiconductor system solutions for mobile communications applications.

This Zacks Rank #2 stock flaunts a Growth Style Score of ‘B’. Its EPS is expected to grow at a rate of 20.03% over the long term, ahead of the industry growth rate of 18.70%.

Skyworks has seen solid activity on the earnings estimate revision front as well. Over the past 30 days, estimates for the current year have moved up 3.1% to $4.69 a share, while for the next year it has improved 5.8% to $5.49 a share.

To top it all, the company belongs to the SEMI-RADIO FREQ industry, which presently lies in the top 1% of our 260 plus industries, indicating that the industry has improving earnings prospects and is in favor with the investors.

Source: 3 Tech Stocks to Celebrate the Bull Market Run: Skyworks Solutions Inc (SWKS), ARM Holdings plc (ARMH), Cascade Microtech, Inc. (CSCD) – Smarter Analyst