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NEW YORK (TheStreet) -- Shares of semiconductor company Skyworks Solutions  (SWKS) - Get Skyworks Solutions, Inc. Report touched a 52-week high of $78 on Thursday ahead of the company's first-quarter earnings report after the market close.

The consensus estimate calls for Skyworks Solutions to report earnings of $1.19 a share on revenue of $773.59 million. In the first quarter last year, the company posted earnings of 67 cents a share, which narrowly edged the consensus estimate of 66 cents a share, according to analysts polled by ThomsonReuters. Revenue totaled $505.2 million, which surpassed analysts' expectations of $500.04 million.

In the fourth quarter of 2014, Skyworks Solutions posted EPS of $1.12, which beat the consensus estimate of $1.08. Revenue totaled $718.2 million, which narrowly surpassed analysts' expectations of $718.07 million.

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The stock was flat at $77.25 at 11:47 a.m. More than 1.9 million shares had changed hands, compared to the daily average volume of 3,648,400.

Separately, TheStreet Ratings team rates SKYWORKS SOLUTIONS INC as a "buy" with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate SKYWORKS SOLUTIONS INC (SWKS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • SWKS's very impressive revenue growth greatly exceeded the industry average of 14.8%. Since the same quarter one year prior, revenues leaped by 50.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • SWKS has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 3.77, which clearly demonstrates the ability to cover short-term cash needs.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, SKYWORKS SOLUTIONS INC's return on equity exceeds that of both the industry average and the S&P 500.
  • 49.66% is the gross profit margin for SKYWORKS SOLUTIONS INC which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 24.34% is above that of the industry average.
  • Net operating cash flow has increased to $200.40 million or 27.23% when compared to the same quarter last year. In addition, SKYWORKS SOLUTIONS INC has also vastly surpassed the industry average cash flow growth rate of -81.59%.
  • You can view the full analysis from the report here: SWKS Ratings Report

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