SWKS - Skyworks Solutions: High-Quality Tech Stock With Dividend Growth And Market-Beating Yield

2024-01-29 10:05:00 ET

Summary

• Skyworks Solutions produces a large range of components that are used in various electronic devices. More devices requiring more advanced content per device is a powerful one-two demand punch for the company over the coming years.
• The company’s dividend has been reliably growing at a high-single digit to low-double digit rate, and the most recent dividend raise of 9.7% is more evidence of that.
• Along with that growth, the stock offers a market-beating 2.5% yield.

Skyworks Solutions Inc. ( SWKS ) is an analog and mixed-signal semiconductor company focusing on cellular system solutions that enable wireless connectivity. Founded in 1962, Skyworks Solutions is now a $17 billion (by market cap) tech titan that employs nearly 10,000 people.

Approximately two-thirds of the company’s revenue comes from the US, whereas the other one-third is derived from international markets (primarily China, Taiwan, and South Korea). This is a global company with 18 design centers, 15 sales offices, and six manufacturing sites.

Skyworks Solutions produces a large range of components that are used in various electronic devices. Its extensive product portfolio includes: amplifiers, attenuators, diodes, filters, mixers, modulators, switches, and voltage regulators. It provides these products to more than 6,000 different customers....

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