5 Important Dividend Increases to Watch in August

2. Skyworks Solutions, Inc. (NASDAQ:SWKS)

Dividend Yield as of August 15: 2.19%

Skyworks Solutions, Inc. (NASDAQ:SWKS) is a California-based semiconductor manufacturing company that also specializes in mobile communications systems. The company’s cash flow remained resilient in fiscal Q3 2022, generating $86.3 million in free cash flow while its operating cash flow came in at over $213.8 million. It paid $90 million in dividends to shareholders, up from $82 million paid during the same period last year.

On August 4, Skyworks Solutions, Inc. (NASDAQ:SWKS) declared a quarterly dividend of $0.62 per share, raising it by 11%. The stock’s dividend yield came in at 2.19%, as of August 15.

Street analysts remained positive on Skyworks Solutions, Inc. (NASDAQ:SWKS)’s fiscal Q3 results and its business models. In August, both B. Riley and BMO Capital raised their price targets on the stock to $120 and $135, respectively.

As per Insider Monkey’s Q1 2022 database, 39 hedge funds owned stakes in Skyworks Solutions, Inc. (NASDAQ:SWKS), down from 41 in the previous quarter. The collective value of these stakes is over $780.5 million. With over 1.2 million shares, Citadel Investment Group was the company’s leading stakeholder in Q1.