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 research firms have commented on SWKS. UBS Group decreased their target price on shares of Skyworks Solutions from $145.00 to $133.00 in a report on Wednesday, May 4th. 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. Barclays reduced their target price on Skyworks Solutions from $125.00 to $122.00 and set an "equal weight" rating on the stock in a report on Monday, July 25th. Craig Hallum lowered their price target on Skyworks Solutions from $220.00 to $180.00 in a report on Wednesday, May 4th. Finally, Mizuho dropped their price objective on Skyworks Solutions from $170.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, June 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $142.45.
Skyworks Solutions Trading Up 2.1 %
Shares of NASDAQ:SWKS traded up $2.30 during trading on Thursday, reaching $111.08. The company had a trading volume of 2,748,704 shares, compared to its average volume of 2,056,762. The stock has a market cap of $17.82 billion, a P/E ratio of 14.11, a PEG ratio of 0.98 and a beta of 1.20. The company's fifty day moving average price is $101.41 and its 200-day moving average price is $115.94. 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.
Skyworks Solutions (NASDAQ:SWKS - Get Rating) last released its earnings results on Thursday, August 4th. The semiconductor manufacturer reported $2.44 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.39. Skyworks Solutions had a net margin of 24.11% and a return on equity of 30.43%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm posted $1.96 EPS. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, research analysts expect that Skyworks Solutions will post 9.95 earnings per share for the current year.
Skyworks Solutions Increases Dividend
The firm also recently disclosed 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 represents a $2.48 dividend on an annualized basis and a dividend yield of 2.23%. This is an increase from Skyworks Solutions's previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Wednesday, August 24th. Skyworks Solutions's payout ratio is currently 28.46%.
Insider Activity at Skyworks Solutions
In other Skyworks Solutions news, SVP Karilee A. Durham sold 5,858 shares of Skyworks Solutions stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $112.26, for a total value of $657,619.08. Following the completion of the sale, the senior vice president now directly owns 10,130 shares in the company, valued at $1,137,193.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.31% of the stock is owned by corporate insiders.