The semiconductor manufacturer earns $853.60 million in net income (profit) each year or $5.71 on an earnings per share basis. This change outpaced the S&P 500's 0.36% loss on the day. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Data is a real-time snapshot *Data is delayed at least 15 minutes. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Why is that? NYSE and AMEX data is at least 20 minutes delayed.
The dividend is payable on Sept. 1, 2020, to stockholders of record at the close of business on Aug. 11, 2020. Shareholders of record on Tuesday, August 11th will be given a dividend of 0.50 per share by the semiconductor manufacturer on Tuesday, September 1st.
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.33% per year. Get short term trading ideas from the MarketBeat Idea Engine. Skyworks Solutions has a payout ratio of 31.3% meaning its dividend is sufficiently covered by earnings. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Learn everything you need to know about successful options trading with this three-part video course.Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. The P/E ratio of Skyworks Solutions is 26.28, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.70. Equities analysts expect Skyworks Solutions to earn $5.66 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 31.1%.Receive a free world-class investing education from MarketBeat. Craig Hallum upped their target price on shares of Skyworks Solutions from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. The company currently has a consensus rating of "Buy" and a consensus target price of $127.92.Skyworks Solutions has increased its dividend payment by an average of 51.9% per year over the last three years and has increased its dividend annually for the last 5 consecutive years.
Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Skyworks Solutions employs 9,000 workers across the globe. About 5 million Skype calls are also being conducted every second and the growing demand for telemedicine is hard to track at this time, he said.The company's business was powered by growth in its 5G-related products. The chipmaker's profit topped estimates by 13 cents a share and revenue by nearly $50 million.
Barclays lifted their price objective on Skyworks Solutions from $100.00 to $130.00 and gave the company an "equal weight" rating in a research report on Monday. View which stocks are hot on social media with MarketBeat's trending stocks report.Looking for new stock ideas? The stock is up 13% year to date.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.Questions, comments, suggestions for the "Mad Money" website? Data is a real-time snapshot *Data is delayed at least 15 minutes. These returns cover a period from January 1, 1988 through July 6, 2020. Skyworks Solutions stock is up 13% since the beginning of this year, and at the current price of around $136 per share, we believe Skyworks Solutions stock has a significant downside. Earnings for Skyworks Solutions are expected to grow by 17.37% in the coming year, from $4.72 to $5.54 per share. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. On Friday, Skyworks reported earnings of $1.25 per share on revenue of $737 million.
Want to see which stocks are moving? We want to hear from you."If you think about where that world is going, where our world is changing, it's going to be an incredible opportunity for Skyworks in so many different markets," Griffin said.On Friday, Skyworks reported earnings of $1.25 per share on revenue of $737 million.