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

Skyworks Solutions, Inc. (NASDAQ:SWKS) declared a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Investors of record on Monday, February 24th will be given a dividend of 0.70 per share by the semiconductor manufacturer on Monday, March 17th. This represents a $2.80 annualized dividend and a yield of 4.27%. The ex-dividend date is Monday, February 24th.

Skyworks Solutions has raised its dividend payment by an average of 9.2% per year over the last three years and has increased 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 research 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 Trading Down 24.7 %

NASDAQ:SWKS opened at $65.60 on Friday. Skyworks Solutions has a 52 week low of $62.01 and a 52 week high of $120.86. The firm has a 50-day moving average price of $89.37 and a two-hundred day moving average price of $95.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.54. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 1.96 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last posted its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. On average, equities analysts expect that Skyworks Solutions will post 4.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SWKS has been the subject of several research reports. Craig Hallum cut their price target on Skyworks Solutions from $140.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Rosenblatt Securities reiterated a “neutral” rating and set a $80.00 target price (down previously from $120.00) on shares of Skyworks Solutions in a research report on Thursday. Loop Capital assumed coverage on shares of Skyworks Solutions in a research report on Monday, November 11th. They issued a “hold” rating and a $90.00 price target on the stock. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a report on Thursday. Finally, The Goldman Sachs Group lowered their target price on shares of Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Skyworks Solutions presently has a consensus rating of “Hold” and a consensus price target of $83.78.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Robert John Terry sold 10,522 shares of the 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 transaction, the senior vice president now directly owns 15,960 shares in the company, valued at approximately $1,404,639.60. This represents a 39.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.35% of the stock is currently owned by company insiders.

About Skyworks Solutions

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.