Shares of Skyworks Solutions Inc (NASDAQ:SWKS) ended Friday session in red amid volatile trading. The shares closed down -4.67 points or -6.54% at $66.76 with 7.59 million shares getting traded. Post opening the session at $70.51, the shares hit an intraday low of $66.06 and an intraday high of $70.69 and the price vacillated in this range throughout the day. The company has a market cap of $11.70 billion and the numbers of outstanding shares have been calculated to be 187.50 million shares.
Skyworks Solutions Inc (SWKS) on August 30, 2016 announced that Kris Sennesael has joined Skyworks as senior vice president and chief financial officer. Sennesael, 47, most recently served as chief financial officer for Enphase Energy, a semiconductor-based energy solutions provider.
Prior to Enphase, Sennesael was chief financial officer at Standard Microsystems, a designer of mixed signal connectivity solutions and, previously, he held increasingly responsible financial positions at ON, AMI Semiconductor and Alcatel Microelectronics. Sennesael holds bachelor’s and master’s degrees in economics from the University of Ghent, Belgium, as well as an MBA from the Vlerick Management School.
“We are delighted to have Kris join Skyworks as we embark on our next key growth phase driven by ubiquitous mobile connectivity and the Internet of Things,” said Liam K. Griffin, president and chief executive officer of Skyworks. “His unique combination of financial expertise, operational acumen and industry knowledge will be valuable assets as we build upon our market leadership and take Skyworks to the next level of financial outperformance.”
“I am excited to be joining Skyworks’ management team and enhancing the Company’s industry-leading financial returns,” said Sennesael. “Specifically, I look forward to driving further gross margin expansion, operational excellence and ultimately shareholder value.”
Shares of Symantec Corporation (NASDAQ:SYMC) ended Friday session in red amid volatile trading. The shares closed down -0.46 points or -1.84% at $24.49 with 7.11 million shares getting traded. Post opening the session at $24.75, the shares hit an intraday low of $24.37 and an intraday high of $24.85 and the price vacillated in this range throughout the day. The company has a market cap of $14.80 billion and the numbers of outstanding shares have been calculated to be 615.59 million shares.
Symantec Corporation (SYMC) on August 5, 2016 Board of Directors has declared a quarterly cash dividend of 7.5 cents per common share to be paid on September 14, 2016 to all shareholders of record as of the close of business on August 22, 2016. The ex-dividend date will be August 18, 2016.