These Analysts Lower Their Forecasts On Skyworks Solutions Following Q4 Results

Skyworks Solutions, Inc. (NASDAQ:SWKS) on Tuesday reported upbeat fourth-quarter financial results and issued first-quarter sales guidance below estimates.

Skyworks reported quarterly earnings of $1.28 per share which beat the analyst consensus estimate of $1.27 per share. The company reported quarterly sales of $1.046 billion which beat the analyst consensus estimate of $1.036 billion.

Skyworks Solutions said it sees first-quarter adjusted EPS of $1.25, versus market estimates of $1.50. The company sees sales of $1.800 billion-$1.900 billion, versus estimates of $1.988 billion.

Skyworks shares dipped 11.5% to $75.57 in pre-market trading.

These analysts made changes to their price targets on Skyworks following earnings announcement.

• B of A Securities analyst Vivek Arya maintained the stock with an Underperform rating and lowered the price target from $78 to $72.
• Susquehanna analyst Christopher Rolland maintained the stock with a Neutral and lowered the price target from $90 to $75.

Considering buying SWKS stock? Here’s what analysts think:

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