Skyworks Solutions (SWKS): Strong Balance Sheet and Steady Dividend Growth

Skyworks Solutions, Inc. (NYSE:SWKS) is included among the 10 Cash-Rich Dividend Stocks to Buy Right Now.

Skyworks Solutions, Inc. (NYSE:SWKS) is a global semiconductor leader with innovative analog and mixed-signal semiconductors that enable wireless connectivity in smartphones, automotive, and industrial automation solutions. Its technologies open up applications such as 5G networks, edge Internet of Things (IoT) devices, and next-generation automotive communications.

Over the past several years, Skyworks Solutions, Inc. (NYSE:SWKS) has been focusing on four areas of priority: maintaining leadership by building innovation and R&D, mitigating risk from a concentrated base of top customers, growing in automotive, IoT, and industrial end markets, and streamlining supply chain operations. These are the areas of priority that still drive its performance and strategy, with continued focus on bringing new technologies to market and increasing its end markets.

Skyworks Solutions, Inc. (NYSE:SWKS) dividend policy also makes it an appealing option for income investors. On August 6, the firm announced a 1% increase in its quarterly dividend to $0.71 per share. The move was the 11th consecutive year that the firm had increased its dividend. The stock has a dividend yield of 3.57%, as of September 27.

While we acknowledge the potential of SWKS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.