Last $53.45 USD
Change Today -0.77 / -1.42%
Volume 3.7M
SWKS On Other Exchanges
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As of 8:10 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

skyworks solutions inc (SWKS) Key Developments

Skyworks Solutions Inc Agrees to Create a 66/34 Joint Venture with Panasonic Corp for the Production of High Performance Filters

Skyworks Solutions Inc. had agreed to create a 66/34 joint venture with Panasonic Corp. for the production of high performance filters.

Skyworks Solutions Inc. Declares Cash Dividend, Payable on August 21, 2014; Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 27, 2014; Provides Earnings Guidance for the Fourth Fiscal Quarter of 2014; Provides Tax Rate Guidance for the Fiscal Year 2015

The Board of Directors of Skyworks Solutions Inc. has declared a cash dividend of $0.11 per share of the company's common stock. The dividend is payable on August 21, 2014 to stockholders of record at the close of business on August 7, 2014. The company reported unaudited consolidated earnings results for the third quarter and nine months ended June 27, 2014. For the quarter, the company reported net revenue of $587 million compared to $436.1 million a year ago. Operating income was $148.5 million compared to $84.3 million a year ago. Income before income taxes was $148.5 million compared to $84.5 million a year ago. Net income was $111.4 million or $0.58 per diluted share compared to $65.7 million or $0.34 per diluted share a year ago. Non-GAAP operating income was $179.1 million compared to $111.9 million a year ago. Non-GAAP net income was $160.8 million or $0.83 per diluted share compared to $103.8 million or $0.54 per diluted share a year ago. The company generated $199 million in cash flow from operations and invested $68 million in capital expenditures. For the nine months, the company reported net revenue of $1,573.2 million compared to $1,315.0 million a year ago. Operating income was $367.1 million compared to $239.6 million a year ago. Income before income taxes was $367 million compared to $238.7 million a year ago. Net income was $282.8 million or $1.47 per diluted share compared to $193.9 million or $1.01 per diluted share a year ago. Non-GAAP operating income was $451.3 million compared to $326.4 million a year ago. Non-GAAP net income was $407.1 million or $2.12 per diluted share compared to $302.3 million or $1.57 per diluted share a year ago. For the fourth fiscal quarter of 2014, the company anticipates revenue to be up 43% year-over-year to $680 million with non-GAAP diluted earnings per share up 56% year-over-year to $1.00. For fiscal 2015, the company expects a cash tax rate of around 13%.

Skyworks Solutions Inc. to Report Q3, 2014 Results on Jul 17, 2014

Skyworks Solutions Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Jul 17, 2014

Skyworks Solutions Inc., Q3 2014 Earnings Call, Jul 17, 2014

Skyworks Solutions Inc., Q3 2014 Earnings Call, Jul 17, 2014

Skyworks Solutions, Inc. Unveils Suite of New Ultra-Low Noise Amplifiers

Skyworks Solutions Inc. has unveiled a suite of new ultra-low noise amplifiers, or LNAs, for cellular infrastructure, wireless connectivity and broadcast communication applications. The new LNAs provide best-in-class noise figure as well as high gain and linearity, improving receiver sensitivity and dynamic range. Skyworks' new devices also help reduce performance variation over process and temperature changes, provide highly flexible direct current biasing, in addition to fast on/off functionality with minimal switching - improving overall system power efficiency. The SKY67150-396LF and SKY67153-396LF are optimized for 300-2200 MHz and 700-3800 MHz, respectively. The devices leverage Skyworks' advanced semiconductor manufacturing and packaging processes in a compact 2 x 2 millimeter, 8-pin, dual flat no-lead package. Internal active bias circuitry provides stable performance over temperature and process variation. The LNA family uses a common layout with band-specific tuning and offers the ability to externally adjust supply current for system-level optimization.

 

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SWKS

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Valuation SWKS Industry Range
Price/Earnings 28.3x
Price/Sales 5.0x
Price/Book 4.3x
Price/Cash Flow 26.2x
TEV/Sales 4.6x
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