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 Trading Up 2.9 %
NASDAQ:SWKS opened at $113.41 on Monday. The stock has a market cap of $18.20 billion, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 1.00 and a beta of 1.20. The business's 50-day simple moving average is $101.20 and its 200 day simple moving average is $116.21. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.19 and a current ratio of 2.37. Skyworks Solutions has a one year low of $88.76 and a one year high of $186.87.
Skyworks Solutions (NASDAQ:SWKS - Get Rating) last posted its earnings results on Thursday, August 4th. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.39. The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. Skyworks Solutions had a return on equity of 30.43% and a net margin of 24.11%. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $1.96 earnings per share. As a group, sell-side analysts predict that Skyworks Solutions will post 9.94 earnings per share for the current fiscal year.
Skyworks Solutions Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, August 24th. This is a boost from Skyworks Solutions's previous quarterly dividend of $0.56. Skyworks Solutions's payout ratio is 28.46%.
Analysts Set New Price Targets
SWKS has been the subject of several recent analyst reports. Cowen set a $132.00 price target on Skyworks Solutions in a research note on Tuesday, July 19th. The Goldman Sachs Group cut their price target on Skyworks Solutions from $120.00 to $97.00 in a research note on Friday, July 15th. Wells Fargo & Company reduced their price target on shares of Skyworks Solutions from $160.00 to $130.00 and set an "overweight" rating on the stock in a report on Monday, July 11th. Craig Hallum lowered their price objective on shares of Skyworks Solutions from $220.00 to $180.00 in a research report on Wednesday, May 4th. Finally, TheStreet lowered shares of Skyworks Solutions from a "b-" rating to a "c+" rating in a research note on Tuesday, June 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $142.45.
Insiders Place Their Bets
In other Skyworks Solutions news, SVP Karilee A. Durham sold 5,858 shares of the firm's stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $112.26, for a total transaction of $657,619.08. Following the transaction, the senior vice president now directly owns 10,130 shares in the company, valued at $1,137,193.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.31% of the company's stock.