filings.toolsItem 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
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Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
MARKET INFORMATION AND DIVIDENDS
Our common stock is traded on the NASDAQ Global Select Market under the symbol “SWKS”. The following table sets forth the range of high and low closing prices for our common stock, as reported by NASDAQ, and the cash dividends announced per share of common stock for the periods indicated.
| Fiscal Years Ended | |||||||||||||||||||||||
| September 30, 2016 | October 2, 2015 | ||||||||||||||||||||||
| High | Low | Dividends | High | Low | Dividends | ||||||||||||||||||
| First quarter | $ | 87.92 | $ | 74.63 | $ | 0.26 | $ | 74.49 | $ | 45.32 | $ | 0.13 | |||||||||||
| Second quarter | $ | 78.18 | $ | 55.85 | $ | 0.26 | $ | 102.05 | $ | 69.83 | $ | 0.13 | |||||||||||
| Third quarter | $ | 78.21 | $ | 58.01 | $ | 0.26 | $ | 110.92 | $ | 92.25 | $ | 0.13 | |||||||||||
| Fourth quarter | $ | 77.02 | $ | 58.82 | $ | 0.28 | $ | 103.97 | $ | 79.07 | $ | 0.26 |
The number of stockholders of record of our common stock as of November 14, 2016 was 19,882. On November 3, 2016, the Board of Directors declared a cash dividend of $0.28 per share of common stock, payable on December 8, 2016, to stockholders of record as of November 17, 2016. We intend to continue to pay quarterly dividends subject to capital availability and our view that cash dividends are in the best interests of our stockholders. Future dividends may be affected by, among other items, our views on potential future capital requirements, including those relating to research and development, creation and expansion of sales distribution channels and investments and acquisitions, legal risks, stock repurchase programs, debt issuance, changes in federal and state income tax law and changes to our business model.
ISSUER PURCHASES OF EQUITY SECURITIES
The following table provides information regarding repurchases of common stock made during the fiscal quarter ended September 30, 2016:
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1) | Maximum Number (or Approximately Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs (1) |
| 7/02/16-7/29/16 | 751,023(2) (3) | $65.09 | 750,000 | $351.2 million |
| 7/30/16-8/26/16 | 1,601,858(2) (4) | $66.15 | 1,600,732 | $245.3 million |
| 8/27/16-9/30/16 | 652,146(2) (5) | $67.62 | 650,000 | $201.4 million |
| Total | 3,005,027 | 3,000,732 |
(1)The stock repurchase program approved by the Board of Directors on July 19, 2016, authorizes the repurchase of up to $400.0 million of our common stock from time to time on the open market or in privately negotiated transactions as permitted by securities laws and other legal requirements. The share repurchase program is scheduled to expire on July 19, 2018.
(2) Represents shares repurchased by us at the fair market value of the common stock as of the applicable purchase date, in connection with the satisfaction of tax withholding obligations under restricted stock agreements.
(3) 750,000 shares were repurchased at an average price of $65.09 per share as part of our stock repurchase program and 1,023 shares were withheld for tax obligations under restricted stock agreements with an average price of $65.23.
(4) 1,600,732 shares were repurchased at an average price of $66.15 per share as part of our stock repurchase program and 1,126 shares were withheld for tax obligations under restricted stock agreements with an average price of $68.72.
(5) 650,000 shares were repurchased at an average price of $67.59 per share as part of our stock repurchase program and 2,146 shares were withheld for tax obligations under restricted stock agreements with an average price of $75.65.
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