Skyworks Solutions, Inc. (NASDAQ:SWKS) to Issue Quarterly Dividend of $0.70

Skyworks Solutions, Inc. (NASDAQ:SWKS) announced a quarterly dividend on Wednesday, February 5th,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 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend 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 raised its dividend every year for the last 11 years. Skyworks Solutions has a payout ratio of 44.5% indicating that 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 Up 0.1 %

SWKS traded up $0.09 during mid-day trading on Friday, reaching $65.69. 6,894,230 shares of the stock were exchanged, compared to its average volume of 3,447,949. Skyworks Solutions has a 1 year low of $62.01 and a 1 year high of $120.86. 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 company has a 50 day moving average price of $89.37 and a two-hundred day moving average price of $95.52. The stock has a market capitalization of $10.56 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 1.96 and a beta of 1.14.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings data 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 return on equity of 13.71% and a net margin of 14.27%. As a group, research analysts anticipate that Skyworks Solutions will post 4.45 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SWKS shares. JPMorgan Chase & Co. cut their price objective on shares of Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Citigroup raised their price target on Skyworks Solutions from $72.00 to $84.00 and gave the stock a “sell” rating in a report on Friday, January 10th. Morgan Stanley dropped their price objective on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday. Barclays reduced their target price on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Finally, The Goldman Sachs Group lowered their price target 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 analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $83.78.

Insider Buying and Selling

In other news, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $88.01, for a total value of $926,041.22. Following the transaction, the senior vice president now owns 15,960 shares in the company, valued at approximately $1,404,639.60. This trade represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

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.