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

Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) announced a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders 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 4.33%. The ex-dividend date of this dividend is Monday, February 24th.

Skyworks Solutions has increased its dividend 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 dividend payout ratio of 64.4% indicating that its dividend is sufficiently covered by earnings. 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 1.6 %

Shares of Skyworks Solutions stock traded down $1.05 during midday trading on Monday, reaching $64.64. The company had a trading volume of 4,852,190 shares, compared to its average volume of 3,502,060. The stock has a fifty day moving average price of $88.45 and a 200 day moving average price of $94.53. Skyworks Solutions has a fifty-two week low of $62.01 and a fifty-two week high of $120.86. The firm has a market cap of $10.39 billion, a PE ratio of 19.83, a P/E/G ratio of 1.45 and a beta of 1.14. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.94 and a quick ratio of 4.24.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by ($0.26). Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. On average, equities analysts anticipate that Skyworks Solutions will post 4.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on SWKS. Citigroup upped their price target on shares of Skyworks Solutions from $72.00 to $84.00 and gave the company a "sell" rating in a research report on Friday, January 10th. Benchmark reaffirmed a "hold" rating on shares of Skyworks Solutions in a research note on Thursday. Stifel Nicolaus downgraded Skyworks Solutions from a "buy" rating to a "hold" rating and lowered their target price for the stock from $105.00 to $62.00 in a report on Thursday. Barclays cut their price target on Skyworks Solutions from $80.00 to $70.00 and set an "underweight" rating on the stock in a report on Friday, January 17th. Finally, Bank of America lowered their price objective on shares of Skyworks Solutions from $88.00 to $60.00 and set an "underperform" rating for the company in a research note on Thursday. Three research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $83.78.

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.