Skyworks Solutions Inc. (NASDAQ: SWKS) is an American semiconductor manufacturer that produces a diverse range of products from amplifiers and attenuators to phase shifters and power dividers. A large segment of its portfolio contains products used in 5G infrastructure, making this an important stock to watch as the global next-generation cellular rollout is underway.
Recent fiscal performance reflects the potential of Skyworks to grow as the technology and communications industries expand. It reported revenue exceeding $1.5 billion in the most recent quarter, a 69% increase year over year. Earnings per share of $3.09 in the quarter was almost 70% more than the average analyst estimate. The company has now beat earnings expectations for three straight quarters.
This stock has growth potential and it also returns a dividend. The yield of 1.11% at today’s price makes this a valuable income pick. The average stock price target of $202.44 suggests that there will be strong growth for investors who buy shares in March.
- 1 Year Price Growth: 92%
- YTD Price Growth: 62%
- 3 Month Price Growth: 74%
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