Skyworks Solutions, Inc. (NASDAQ:SWKS) Announces Quarterly Dividend of $0.70

Skyworks Solutions, Inc. (NASDAQ:SWKS) declared a quarterly dividend on Tuesday, July 30th, RTT News reports. Shareholders of record on Tuesday, August 20th will be given a dividend of 0.70 per share by the semiconductor manufacturer on Tuesday, September 10th. This represents a $2.80 annualized dividend and a yield of 2.38%. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68.

Skyworks Solutions has increased its dividend payment by an average of 11.4% annually over the last three years. Skyworks Solutions has a payout ratio of 41.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Skyworks Solutions to earn $5.32 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 51.1%.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS opened at $117.69 on Wednesday. Skyworks Solutions has a 12-month low of $85.06 and a 12-month high of $120.86. The company has a current ratio of 5.19, a quick ratio of 3.81 and a debt-to-equity ratio of 0.16. The company has a market cap of $18.88 billion, a PE ratio of 22.12, a P/E/G ratio of 5.59 and a beta of 1.23. The stock has a 50 day simple moving average of $104.56 and a 200-day simple moving average of $103.18.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.08. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Skyworks Solutions had a return on equity of 17.00% and a net margin of 18.85%. On average, equities research analysts forecast that Skyworks Solutions will post 5.14 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on SWKS. Mizuho decreased their target price on shares of Skyworks Solutions from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. B. Riley upgraded shares of Skyworks Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the company from $96.00 to $130.00 in a report on Thursday, June 20th. Rosenblatt Securities dropped their target price on Skyworks Solutions from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Benchmark downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, UBS Group dropped their price objective on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $110.94.

Insiders Place Their Bets

In other Skyworks Solutions news, Director Robert A. Schriesheim sold 25,433 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the completion of the transaction, the director now directly owns 60,881 shares in the company, valued at $5,495,727.87. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Skyworks Solutions news, CEO Liam Griffin acquired 11,142 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was purchased at an average cost of $90.00 per share, for a total transaction of $1,002,780.00. Following the transaction, the chief executive officer now owns 104,153 shares of the company’s stock, valued at approximately $9,373,770. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert A. Schriesheim sold 25,433 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the transaction, the director now directly owns 60,881 shares in the company, valued at $5,495,727.87. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,337 shares of company stock worth $2,399,797. Company insiders own 0.34% of the company’s stock.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.