Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, 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, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators. The company provides its products for use in the aerospace, automotive, broadband, cellular infrastructure, connected home, entertainment and gaming, industrial, medical, military, smartphone, tablet, and wearable markets. It sells its products through direct sales force, electronic component distributors, and independent sales representatives. The company was incorporated in 1962 and is headquartered in Irvine, California.
Skyworks Solutions Price Performance
Shares of SWKS Stock traded up $4.22 during midday trading on Wednesday, reaching $111.01. 1,719,497 shares of the company were exchanged, compared to its average volume of 2,081,186. The company's 50 day moving average price is $101.00 and its two-hundred day moving average price is $117.00. The company has a market cap of $17.86 billion, a P/E ratio of 13.57, a PEG ratio of 1.08 and a beta of 1.20. Skyworks Solutions has a 12 month low of $88.76 and a 12 month high of $186.87. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.19 and a current ratio of 2.10.
Skyworks Solutions (NASDAQ:SWKS - Get Rating) last announced its earnings results on Thursday, August 4th. The semiconductor manufacturer reported $2.44 EPS for the quarter, topping the consensus estimate of $2.05 by $0.39. Skyworks Solutions had a return on equity of 30.43% and a net margin of 24.11%. The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the previous year, the company earned $1.96 earnings per share. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts expect that Skyworks Solutions will post 9.8 earnings per share for the current year.
Skyworks Solutions Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th will be given a $0.62 dividend. The ex-dividend date is Wednesday, August 24th. This is a boost from Skyworks Solutions's previous quarterly dividend of $0.56. This represents a $2.48 annualized dividend and a yield of 2.23%. Skyworks Solutions's payout ratio is 28.46%.
Analysts Set New Price Targets
Several research analysts have recently commented on SWKS shares. Barclays decreased their target price on Skyworks Solutions from $125.00 to $122.00 and set an "equal weight" rating for the company in a research report on Monday, July 25th. Piper Sandler reduced their price target on shares of Skyworks Solutions from $190.00 to $145.00 in a research report on Tuesday, May 3rd. KeyCorp lowered their price objective on shares of Skyworks Solutions from $160.00 to $140.00 and set an "overweight" rating for the company in a research report on Tuesday, July 12th. B. Riley increased their price objective on shares of Skyworks Solutions to $120.00 in a research note on Friday, August 5th. Finally, Benchmark decreased their target price on Skyworks Solutions from $190.00 to $155.00 in a research note on Wednesday, May 4th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $142.45.
Insiders Place Their Bets
In related news, SVP Karilee A. Durham sold 5,858 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $112.26, for a total transaction of $657,619.08. Following the completion of the sale, the senior vice president now directly owns 10,130 shares of the company's stock, valued at $1,137,193.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.31% of the stock is owned by company insiders.