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.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. Susquehanna Bancshares dropped their price objective on shares of Skyworks Solutions to $120.00 in a research report on Monday, July 25th. Barclays dropped their price objective on shares of Skyworks Solutions from $125.00 to $122.00 and set an "equal weight" rating on the stock in a research report on Monday, July 25th. Piper Sandler dropped their price objective on shares of Skyworks Solutions from $190.00 to $145.00 in a research report on Tuesday, May 3rd. Craig Hallum dropped their price objective on shares of Skyworks Solutions from $220.00 to $180.00 in a research report on Wednesday, May 4th. Finally, B. Riley increased their price objective on shares of Skyworks Solutions to $120.00 in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Skyworks Solutions has an average rating of "Hold" and a consensus price target of $142.45.
Skyworks Solutions Price Performance
SWKS Stock opened at $112.55 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 2.37 and a debt-to-equity ratio of 0.32. Skyworks Solutions has a 12 month low of $88.76 and a 12 month high of $186.87. The firm has a market cap of $18.06 billion, a P/E ratio of 14.30, a P/E/G ratio of 1.00 and a beta of 1.20. The company's 50-day moving average price is $101.32 and its two-hundred day moving average price is $116.02.
Skyworks Solutions (NASDAQ:SWKS - Get Rating) last released its earnings results on Thursday, August 4th. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.05 by $0.39. Skyworks Solutions had a net margin of 24.11% and a return on equity of 30.43%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the firm earned $1.96 EPS. The business's quarterly revenue was up 10.4% compared to the same quarter last year. On average, analysts anticipate that Skyworks Solutions will post 9.94 earnings per share for the current fiscal year.
Skyworks Solutions Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th will be paid a $0.62 dividend. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.56. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Wednesday, August 24th. Skyworks Solutions's dividend payout ratio (DPR) is presently 28.46%.
Insider Activity
In other news, SVP Karilee A. Durham sold 5,858 shares of the firm's stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $112.26, for a total value of $657,619.08. Following the sale, the senior vice president now directly owns 10,130 shares in the company, valued at approximately $1,137,193.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.31% of the stock is currently owned by corporate insiders.