Skyworks Solutions, Inc. to Issue Quarterly Dividend of $0.68 (NASDAQ:SWKS)

Skyworks Solutions, Inc. (NASDAQ:SWKS) declared a quarterly dividend on Tuesday, April 30th, RTT News reports. Stockholders of record on Tuesday, May 21st will be given a dividend of 0.68 per share by the semiconductor manufacturer on Tuesday, June 11th. This represents a $2.72 annualized dividend and a dividend yield of 2.55%.

Skyworks Solutions has raised its dividend by an average of 11.4% per year over the last three years and has increased its dividend every year for the last 10 years. Skyworks Solutions has a dividend payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Skyworks Solutions to earn $6.80 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 40.0%.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock traded down $1.27 during trading on Tuesday, hitting $106.59. 3,487,788 shares of the stock were exchanged, compared to its average volume of 2,308,095. The stock has a market capitalization of $17.08 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 1.93 and a beta of 1.37. The company has a fifty day moving average price of $104.15 and a 200-day moving average price of $101.91. Skyworks Solutions has a 1-year low of $85.06 and a 1-year high of $115.69. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 EPS for the quarter, topping the consensus estimate of $1.95 by $0.02. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. Skyworks Solutions’s revenue was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.33 EPS. As a group, equities analysts predict that Skyworks Solutions will post 5.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on SWKS shares. B. Riley upped their price target on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Susquehanna upped their price target on shares of Skyworks Solutions from $120.00 to $125.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Rosenblatt Securities restated a “buy” rating and issued a $130.00 price target on shares of Skyworks Solutions in a research report on Wednesday, January 31st. TD Cowen upped their price target on shares of Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, KeyCorp cut shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $115.10.

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.