Skyworks Solutions Inc (NASDAQ:SWKS) announced a quarterly dividend on Friday, November 9th, Wall Street Journal reports. Stockholders of record on Tuesday, November 27th will be given a dividend of 0.38 per share by the semiconductor manufacturer on Tuesday, December 18th. This represents a $1.52 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, November 26th.

Skyworks Solutions has raised its dividend payment by an average of 50.8% per year over the last three years and has increased its dividend every year for the last 3 years. Skyworks Solutions has a payout ratio of 23.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Skyworks Solutions to earn $7.56 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 20.1%.

Shares of NASDAQ SWKS opened at $69.41 on Wednesday. Skyworks Solutions has a fifty-two week low of $68.58 and a fifty-two week high of $115.98. The company has a market capitalization of $12.56 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 0.84 and a beta of 0.64.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Thursday, November 8th. The semiconductor manufacturer reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.02. Skyworks Solutions had a return on equity of 30.59% and a net margin of 23.74%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the business posted $1.82 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, research analysts anticipate that Skyworks Solutions will post 6.74 EPS for the current year.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Skyworks Solutions from a “sell” rating to a “hold” rating in a report on Friday, November 16th. Summit Redstone downgraded Skyworks Solutions to a “hold” rating in a report on Friday, November 9th. Summit Insights downgraded Skyworks Solutions from a “buy” rating to a “hold” rating in a report on Friday, November 9th. Loop Capital reduced their price target on Skyworks Solutions to $102.00 and set a “buy” rating on the stock in a report on Friday, November 9th. Finally, Canaccord Genuity reduced their price target on Skyworks Solutions from $115.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, November 9th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and sixteen have issued a buy rating to the company. Skyworks Solutions has a consensus rating of “Hold” and a consensus target price of $106.01.

In other news, Director David J. Aldrich sold 5,500 shares of Skyworks Solutions stock in a transaction on Friday, October 5th. The stock was sold at an average price of $90.48, for a total value of $497,640.00. Following the transaction, the director now directly owns 147,752 shares in the company, valued at approximately $13,368,600.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David J. Aldrich sold 3,000 shares of Skyworks Solutions stock in a transaction on Friday, September 7th. The shares were sold at an average price of $88.78, for a total value of $266,340.00. Following the completion of the transaction, the director now owns 145,252 shares in the company, valued at $12,895,472.56. The disclosure for this sale can be found here. Insiders have sold a total of 34,500 shares of company stock worth $3,126,050 over the last 90 days. 0.47% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Daily Political and is owned by of Daily Political. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://www.dailypolitical.com/2018/11/21/skyworks-solutions-inc-swks-to-go-ex-dividend-on-november-26th.html.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, 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 shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators.

Further Reading: Cash Flow Analysis in Stock Selection

Dividend History for Skyworks Solutions (NASDAQ:SWKS)

Receive News & Ratings for Skyworks Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyworks Solutions and related companies with MarketBeat.com's FREE daily email newsletter.