NasdaqGS:SWKSSemiconductor
Skyworks Solutions (SWKS) Suspends Dividend And Starts $2 Billion Buyback After Weak Results
Skyworks Solutions (NasdaqGS:SWKS) has suspended its dividend following weaker quarterly results.
The company has authorized a new share repurchase program of up to US$2b.
These moves mark a shift in how Skyworks is prioritizing cash returns to shareholders.
Skyworks Solutions supplies analog and mixed signal semiconductors that sit inside smartphones, connected devices and a range of radio frequency applications. The company operates in markets tied to wireless connectivity and data usage,...