Skyworks Solutions, Inc. (NASDAQ:SWKS) declared a quarterly dividend on Monday, February 5th, RTT News reports. Investors of record on Thursday, February 22nd will be paid a dividend of 0.32 per share by the semiconductor manufacturer on Thursday, March 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, February 21st.
Shares of Skyworks Solutions (NASDAQ SWKS) traded up $1.46 on Tuesday, hitting $104.10. The company had a trading volume of 3,045,300 shares, compared to its average volume of 2,923,465. Skyworks Solutions has a twelve month low of $90.53 and a twelve month high of $117.65. The stock has a market cap of $19,090.00, a price-to-earnings ratio of 23.39, a P/E/G ratio of 1.02 and a beta of 0.69.
Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Monday, February 5th. The semiconductor manufacturer reported $2.00 EPS for the quarter, beating the consensus estimate of $1.91 by $0.09. Skyworks Solutions had a return on equity of 30.21% and a net margin of 21.72%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company posted $1.61 earnings per share. The firm’s revenue was up 15.0% compared to the same quarter last year. equities research analysts expect that Skyworks Solutions will post 6.67 earnings per share for the current fiscal year.
Skyworks Solutions announced that its Board of Directors has initiated a share buyback program on Monday, February 5th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.
A number of brokerages have recently issued reports on SWKS. B. Riley reaffirmed a “buy” rating and set a $131.00 target price on shares of Skyworks Solutions in a research report on Tuesday, November 7th. Canaccord Genuity reiterated a “buy” rating and issued a $125.00 price target (up from $117.00) on shares of Skyworks Solutions in a research note on Tuesday, November 7th. KeyCorp lifted their price target on Skyworks Solutions from $120.00 to $125.00 and gave the stock an “in-line” rating in a research note on Tuesday, November 7th. Needham & Company LLC lifted their price target on Skyworks Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $128.00 price target (up from $120.00) on shares of Skyworks Solutions in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $115.93.
In other Skyworks Solutions news, CTO Peter L. Gammel sold 7,305 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $96.50, for a total value of $704,932.50. Following the transaction, the chief technology officer now owns 16,285 shares of the company’s stock, valued at $1,571,502.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Liam Griffin sold 11,285 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $109.68, for a total value of $1,237,738.80. Following the completion of the transaction, the chief executive officer now directly owns 57,332 shares in the company, valued at approximately $6,288,173.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,405 shares of company stock worth $14,462,209. 0.49% of the stock is owned by corporate insiders.
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Skyworks Solutions Company Profile
Skyworks Solutions Inc designs, develops, manufactures and markets semiconductor products, including intellectual property. The Company’s analog semiconductors are connecting people, places, and things, spanning a number of new and unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets.
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