Skyworks Solutions, Inc. (NASDAQ:SWKS) Plans Quarterly Dividend of $0.71

Key Points

• Skyworks Solutions, Inc. announced a quarterly dividend increase to $0.71 per share, marking a 1.4% rise from the previous dividend of $0.70.
• The company has a payout ratio of 66.0%, indicating that the dividend is well-covered by earnings, with expectations for a future payout ratio of 97.2% based on projected earnings of $2.88 per share.
• Skyworks reported earnings per share of $1.33 for the last quarter, surpassing estimates, with revenue increasing by 6.6% year-over-year to $965 million.

Skyworks Solutions, Inc. (NASDAQ:SWKS - Get Free Report) announced a quarterly dividend on Tuesday, August 5th, Wall Street Journal reports. Stockholders of record on Tuesday, August 26th will be given a dividend of 0.71 per share by the semiconductor manufacturer on Tuesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, August 26th. This is a 1.4% increase from Skyworks Solutions's previous quarterly dividend of $0.70.

Skyworks Solutions has a dividend payout ratio of 66.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Skyworks Solutions to earn $2.88 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 97.2%.

Skyworks Solutions Stock Up 3.7%

Shares of NASDAQ SWKS traded up $2.53 during mid-day trading on Friday, reaching $71.08. The company had a trading volume of 782,330 shares, compared to its average volume of 3,511,335. The stock has a fifty day moving average of $72.66 and a two-hundred day moving average of $69.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.84 and a current ratio of 2.39. The company has a market capitalization of $10.67 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 1.69 and a beta of 1.13. Skyworks Solutions has a 12-month low of $47.93 and a 12-month high of $110.76.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.09. The firm had revenue of $965.00 million for the quarter, compared to analyst estimates of $940.00 million. Skyworks Solutions had a net margin of 9.88% and a return on equity of 11.77%. The company's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 earnings per share. As a group, equities research analysts expect that Skyworks Solutions will post 3.7 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Pzena Investment Management LLC raised its holdings in Skyworks Solutions by 57.3% during the 2nd quarter. Pzena Investment Management LLC now owns 12,207,643 shares of the semiconductor manufacturer's stock worth $909,714,000 after purchasing an additional 4,444,747 shares during the last quarter. Marshall Wace LLP raised its holdings in Skyworks Solutions by 4,364.4% during the 4th quarter. Marshall Wace LLP now owns 1,421,647 shares of the semiconductor manufacturer's stock worth $126,072,000 after purchasing an additional 1,389,803 shares during the last quarter. Vulcan Value Partners LLC raised its holdings in Skyworks Solutions by 29.2% during the 4th quarter. Vulcan Value Partners LLC now owns 5,290,813 shares of the semiconductor manufacturer's stock worth $469,162,000 after purchasing an additional 1,194,782 shares during the last quarter. Invesco Ltd. raised its holdings in Skyworks Solutions by 31.0% during the 1st quarter. Invesco Ltd. now owns 4,141,659 shares of the semiconductor manufacturer's stock worth $267,675,000 after purchasing an additional 979,962 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new stake in Skyworks Solutions during the 2nd quarter worth about $67,841,000. 85.43% of the stock is owned by institutional investors.

About Skyworks Solutions

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.