Skyworks Solutions Inc (NASDAQ:SWKS) declared a quarterly dividend on Friday, November 9th, Wall Street Journal reports. Investors of record on Tuesday, November 27th will be given a dividend of 0.38 per share by the semiconductor manufacturer on Tuesday, December 18th. This represents a $1.52 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Monday, November 26th.
Skyworks Solutions has increased its dividend by an average of 50.8% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Skyworks Solutions has a payout ratio of 23.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Skyworks Solutions to earn $7.76 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 19.6%.
Skyworks Solutions stock opened at $76.66 on Friday. The firm has a market capitalization of $14.79 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 0.82 and a beta of 0.64. Skyworks Solutions has a 1-year low of $75.15 and a 1-year high of $115.98.
Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Thursday, November 8th. The semiconductor manufacturer reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.02. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. Skyworks Solutions had a net margin of 23.78% and a return on equity of 30.31%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.82 earnings per share. On average, equities analysts forecast that Skyworks Solutions will post 7.34 EPS for the current year.
In other news, Director David J. Aldrich sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $91.30, for a total transaction of $913,000.00. Following the completion of the sale, the director now owns 152,252 shares in the company, valued at approximately $13,900,607.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David J. Aldrich sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $86.25, for a total transaction of $258,750.00. Following the sale, the director now owns 144,251 shares of the company’s stock, valued at approximately $12,441,648.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,500 shares of company stock valued at $3,126,050. 0.47% of the stock is currently owned by corporate insiders.
A number of analysts have commented on SWKS shares. Canaccord Genuity reiterated a “buy” rating and issued a $115.00 price target on shares of Skyworks Solutions in a research note on Friday, July 20th. BMO Capital Markets reiterated a “buy” rating and issued a $115.00 price target on shares of Skyworks Solutions in a research note on Friday, July 20th. DA Davidson cut their price target on shares of Skyworks Solutions to $125.00 and set a “buy” rating for the company in a research note on Friday, July 20th. B. Riley increased their price target on shares of Skyworks Solutions from $116.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Finally, Craig Hallum reiterated a “buy” rating and issued a $120.00 price target (up previously from $115.00) on shares of Skyworks Solutions in a research note on Friday, July 20th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Skyworks Solutions presently has a consensus rating of “Hold” and an average target price of $107.79.
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Skyworks Solutions Company Profile
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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