Skyworks Solutions, Inc. (NASDAQ:SWKS) Plans $0.71 Quarterly Dividend

Skyworks Solutions, Inc. (NASDAQ:SWKS) declared a quarterly dividend on Tuesday, May 5th. Investors of record on Tuesday, May 26th will be paid a dividend of 0.71 per share by the semiconductor manufacturer on Tuesday, June 16th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, May 26th.

Skyworks Solutions has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 11 years. Skyworks Solutions has a payout ratio of 67.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Skyworks Solutions to earn $3.49 per share next year, which means the company should continue to be able to cover its $2.84 annual dividend with an expected future payout ratio of 81.4%.

Skyworks Solutions Stock Down 13.2%

SWKS opened at $62.99 on Wednesday. The firm has a market cap of $9.47 billion, a P/E ratio of 24.66 and a beta of 1.48. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.80 and a current ratio of 2.40. The business has a 50 day moving average price of $57.60 and a 200 day moving average price of $62.57. Skyworks Solutions has a twelve month low of $51.93 and a twelve month high of $90.90.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.11. The firm had revenue of $943.70 million during the quarter, compared to analyst estimates of $901.76 million. Skyworks Solutions had a net margin of 9.73% and a return on equity of 11.72%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 EPS. Skyworks Solutions has set its Q3 2026 guidance at 1.030-1.030 EPS. Research analysts forecast that Skyworks Solutions will post 3.25 EPS for the current year.

Institutional Trading of Skyworks Solutions

Several hedge funds have recently added to or reduced their stakes in the business. Quest 10 Wealth Builders Inc. raised its position in shares of Skyworks Solutions by 488.6% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 412 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 342 shares during the period. Sound Income Strategies LLC boosted its position in shares of Skyworks Solutions by 137.1% during the fourth quarter. Sound Income Strategies LLC now owns 486 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 281 shares during the period. AdvisorNet Financial Inc raised its position in Skyworks Solutions by 93.8% in the 1st quarter. AdvisorNet Financial Inc now owns 531 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 257 shares during the last quarter. Fideuram Asset Management Ireland dac bought a new stake in Skyworks Solutions in the 4th quarter valued at approximately $29,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Skyworks Solutions during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 85.43% of the company’s stock.

About Skyworks Solutions

Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company’s portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.

Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.