Skyworks Solutions Inc (NASDAQ:SWKS) declared a quarterly dividend on Wednesday, August 7th, RTT News reports. Stockholders of record on Tuesday, August 27th will be paid a dividend of 0.44 per share by the semiconductor manufacturer on Tuesday, September 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, August 26th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.38.
Skyworks Solutions has raised its dividend by an average of 21.5% per year over the last three years and has raised its dividend every year for the last 4 years. Skyworks Solutions has a payout ratio of 26.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Skyworks Solutions to earn $5.79 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 30.4%.
Shares of SWKS opened at $73.55 on Friday. The firm has a 50 day simple moving average of $80.32 and a 200-day simple moving average of $80.25. Skyworks Solutions has a 1-year low of $60.12 and a 1-year high of $94.39. The stock has a market cap of $13.21 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 1.64 and a beta of 1.02.
Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Wednesday, August 7th. The semiconductor manufacturer reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.14. Skyworks Solutions had a net margin of 26.10% and a return on equity of 26.60%. The business had revenue of $767.00 million during the quarter, compared to analysts’ expectations of $767.71 million. During the same period last year, the company posted $1.64 EPS. The company’s revenue was down 14.2% on a year-over-year basis. On average, equities analysts expect that Skyworks Solutions will post 5.72 earnings per share for the current year.
In other Skyworks Solutions news, insider Peter L. Gammel sold 2,250 shares of Skyworks Solutions stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $73.36, for a total value of $165,060.00. Following the transaction, the insider now owns 11,490 shares in the company, valued at approximately $842,906.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David J. Aldrich sold 10,000 shares of Skyworks Solutions stock in a transaction on Friday, July 26th. The shares were sold at an average price of $85.88, for a total transaction of $858,800.00. Following the transaction, the director now owns 213,032 shares in the company, valued at approximately $18,295,188.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,749 shares of company stock worth $4,061,209. 0.64% of the stock is owned by company insiders.
SWKS has been the topic of a number of analyst reports. MKM Partners decreased their target price on shares of Skyworks Solutions to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Piper Jaffray Companies decreased their target price on shares of Skyworks Solutions from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 5th. Charter Equity restated a “hold” rating on shares of Skyworks Solutions in a research report on Monday, August 12th. Cowen restated a “market perform” rating and set a $80.00 target price (down previously from $95.00) on shares of Skyworks Solutions in a research report on Wednesday, June 5th. Finally, Argus lowered shares of Skyworks Solutions from a “buy” rating to a “hold” rating and set a $69.00 target price on the stock. in a research report on Friday, June 7th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $86.40.
About Skyworks Solutions
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, 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 locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.
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