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 Stock Down 2.6 %
NASDAQ:SWKS traded down $2.94 during trading on Friday, reaching $108.14. 13,051 shares of the company's stock were exchanged, compared to its average volume of 1,710,761. Skyworks Solutions has a 1 year low of $88.76 and a 1 year high of $186.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.47 and a current ratio of 2.37. The stock has a market cap of $17.35 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 0.96 and a beta of 1.20. The company has a 50 day moving average price of $101.56 and a two-hundred day moving average price of $115.69.
Skyworks Solutions (NASDAQ:SWKS - Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The semiconductor manufacturer reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.39. The firm 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 revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.96 EPS. On average, equities research analysts anticipate that Skyworks Solutions will post 9.95 EPS for the current fiscal year.
Skyworks Solutions Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, August 25th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.29%. This is a boost from Skyworks Solutions's previous quarterly dividend of $0.56. Skyworks Solutions's dividend payout ratio is currently 28.46%.
Wall Street Analyst Weigh In
Several research firms recently commented on SWKS. Benchmark reduced their price objective on Skyworks Solutions from $190.00 to $155.00 in a report on Wednesday, May 4th. UBS Group dropped their target price on Skyworks Solutions from $145.00 to $133.00 in a research report on Wednesday, May 4th. KeyCorp dropped their target price on Skyworks Solutions from $160.00 to $140.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 12th. Cowen dropped their target price on Skyworks Solutions from $175.00 to $160.00 in a research report on Wednesday, May 4th. Finally, Craig Hallum dropped their target price on Skyworks Solutions from $220.00 to $180.00 in a research report on Wednesday, May 4th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $142.45.
Insider Buying and Selling
In related news, SVP Karilee A. Durham sold 5,858 shares of the company's 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 sale, the senior vice president now owns 10,130 shares of the company's stock, valued at approximately $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.