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

Skyworks Solutions, Inc. (NASDAQ:SWKS) announced a quarterly dividend on Tuesday, November 12th,RTT News reports. Stockholders of record on Tuesday, December 3rd will be paid a dividend of 0.70 per share by the semiconductor manufacturer on Tuesday, December 24th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.33%.

Skyworks Solutions has increased its dividend by an average of 11.4% annually over the last three years and has increased its dividend every year for the last 11 years. Skyworks Solutions has a payout ratio of 44.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Skyworks Solutions to earn $5.39 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 51.9%.

Skyworks Solutions Stock Down 3.5 %

Skyworks Solutions stock traded down $3.08 during mid-day trading on Wednesday, reaching $83.96. The company’s stock had a trading volume of 1,167,224 shares, compared to its average volume of 2,356,049. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.29 and a current ratio of 5.75. Skyworks Solutions has a 12 month low of $82.13 and a 12 month high of $120.86. The business’s 50 day simple moving average is $96.17 and its 200 day simple moving average is $100.61. The company has a market capitalization of $13.41 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 3.99 and a beta of 1.21.

Analysts Set New Price Targets

Several research firms recently issued reports on SWKS. JPMorgan Chase & Co. dropped their target price on Skyworks Solutions from $120.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday. Loop Capital began coverage on Skyworks Solutions in a research note on Monday. They issued a “hold” rating and a $90.00 price target on the stock. Morgan Stanley lowered their price target on shares of Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a report on Wednesday. Craig Hallum boosted their target price on shares of Skyworks Solutions from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus raised their price target on shares of Skyworks Solutions from $112.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Skyworks Solutions has a consensus rating of “Hold” and an average price target of $105.29.

Insider Buying and Selling at Skyworks Solutions

In other news, SVP Reza Kasnavi sold 1,843 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $107.47, for a total value of $198,067.21. Following the completion of the transaction, the senior vice president now owns 17,455 shares of the company’s stock, valued at approximately $1,875,888.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Reza Kasnavi sold 1,843 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $107.47, for a total transaction of $198,067.21. Following the completion of the transaction, the senior vice president now directly owns 17,455 shares in the company, valued at approximately $1,875,888.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert John Terry sold 1,821 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $90.16, for a total value of $164,181.36. Following the sale, the senior vice president now directly owns 24,567 shares in the company, valued at approximately $2,214,960.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,162 shares of company stock worth $2,306,291 over the last 90 days. 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.