Skyworks Solutions, Inc. (SWKS) to Issue Quarterly Dividend of $0.70 on March 17th

Skyworks Solutions, Inc. (NASDAQ:SWKS) announced a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Shareholders of record on Monday, February 24th will be paid a dividend of 0.70 per share by the semiconductor manufacturer on Monday, March 17th. This represents a $2.80 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Monday, February 24th.

Skyworks Solutions has increased its dividend payment by an average of 9.2% annually over the last three years and has raised its dividend annually for the last 11 consecutive years. Skyworks Solutions has a payout ratio of 44.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Skyworks Solutions to earn $5.23 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 53.5%.

Skyworks Solutions Stock Performance

Shares of NASDAQ SWKS traded up $0.09 during midday trading on Friday, reaching $65.69. 6,894,230 shares of the company traded hands, compared to its average volume of 3,447,949. The company has a market cap of $10.56 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 1.96 and a beta of 1.14. The stock has a 50-day moving average price of $89.37 and a 200 day moving average price of $95.52. Skyworks Solutions has a 52 week low of $62.01 and a 52 week high of $120.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.54 and a quick ratio of 4.24.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 13.71% and a net margin of 14.27%. Sell-side analysts anticipate that Skyworks Solutions will post 4.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays lowered their price target on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. B. Riley cut shares of Skyworks Solutions from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $110.00 to $65.00 in a research report on Thursday. Craig Hallum reduced their price objective on shares of Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. The Goldman Sachs Group lowered their price objective on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Mizuho cut shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $105.00 to $62.00 in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $83.78.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Robert John Terry sold 10,522 shares of Skyworks Solutions stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total transaction of $926,041.22. Following the completion of the sale, the senior vice president now directly owns 15,960 shares in the company, valued at $1,404,639.60. The trade was a 39.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.35% 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.