Skyworks Solutions, Inc. (NASDAQ:SWKS) announced a quarterly dividend on Monday, November 2nd, Zacks reports. Shareholders of record on Thursday, November 19th will be given a dividend of 0.50 per share by the semiconductor manufacturer on Thursday, December 10th. This represents a $2.00 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, November 18th.
Skyworks Solutions has increased its dividend payment by 51.9% over the last three years and has increased its dividend every year for the last 6 years. Skyworks Solutions has a dividend payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Skyworks Solutions to earn $5.97 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 33.5%.
NASDAQ:SWKS opened at $141.50 on Monday. The stock has a 50-day simple moving average of $146.92 and a two-hundred day simple moving average of $134.01. Skyworks Solutions has a 52-week low of $67.90 and a 52-week high of $158.61. The firm has a market capitalization of $23.64 billion, a PE ratio of 31.10, a P/E/G ratio of 2.00 and a beta of 1.21.
In other news, CEO Liam Griffin sold 15,321 shares of the stock in a transaction on Thursday, November 12th. The stock was sold at an average price of $143.04, for a total transaction of $2,191,515.84. Following the completion of the sale, the chief executive officer now owns 91,158 shares in the company, valued at approximately $13,039,240.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Carlos S. Bori sold 6,500 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $137.17, for a total value of $891,605.00. Following the sale, the senior vice president now owns 16,898 shares of the company’s stock, valued at approximately $2,317,898.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,119 shares of company stock valued at $9,038,129. 0.40% of the stock is owned by company insiders.
Several equities analysts have recently commented on SWKS shares. Craig Hallum boosted their price objective on Skyworks Solutions from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, November 3rd. Citigroup boosted their target price on Skyworks Solutions from $102.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Raymond James boosted their target price on Skyworks Solutions from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 3rd. BMO Capital Markets boosted their target price on Skyworks Solutions from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 3rd. Finally, Piper Sandler boosted their target price on Skyworks Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 29th. Eleven analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $148.81.
About Skyworks Solutions
Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators, as well as wireless radio integrated circuits.
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