Skyworks Solutions Inc (SWKS) To Go Ex-Dividend on November 26th
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.
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.
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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.
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