Cambridge Trust Co. Sells 250 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Cambridge Trust Co. lessened its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 14.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,500 shares of the semiconductor manufacturer’s stock after selling 250 shares during the period. Cambridge Trust Co.’s holdings in Skyworks Solutions were worth $169,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Twin Capital Management Inc. grew its stake in Skyworks Solutions by 35.0% in the 4th quarter. Twin Capital Management Inc. now owns 14,522 shares of the semiconductor manufacturer’s stock valued at $1,633,000 after purchasing an additional 3,761 shares during the period. Peterson Wealth Services increased its holdings in Skyworks Solutions by 2.1% during the fourth quarter. Peterson Wealth Services now owns 18,632 shares of the semiconductor manufacturer’s stock worth $2,097,000 after buying an additional 386 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Skyworks Solutions by 6.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 17,475 shares of the semiconductor manufacturer’s stock worth $1,965,000 after acquiring an additional 984 shares during the period. Archer Investment Corp boosted its stake in Skyworks Solutions by 3.7% in the fourth quarter. Archer Investment Corp now owns 4,960 shares of the semiconductor manufacturer’s stock valued at $558,000 after acquiring an additional 175 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in shares of Skyworks Solutions by 47.9% during the 4th quarter. Avior Wealth Management LLC now owns 420 shares of the semiconductor manufacturer’s stock valued at $47,000 after acquiring an additional 136 shares during the period. 85.43% of the stock is owned by institutional investors.

Skyworks Solutions Price Performance

SWKS stock opened at $96.11 on Friday. The firm has a 50 day simple moving average of $104.45 and a two-hundred day simple moving average of $101.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.02 and a quick ratio of 3.51. The stock has a market cap of $15.40 billion, a PE ratio of 17.04, a P/E/G ratio of 1.81 and a beta of 1.37. Skyworks Solutions, Inc. has a one year low of $85.06 and a one year high of $115.69.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.02. Skyworks Solutions had a net margin of 19.48% and a return on equity of 18.68%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the business earned $2.33 earnings per share. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. On average, analysts predict that Skyworks Solutions, Inc. will post 5.65 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 20th were given a $0.68 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.72 dividend on an annualized basis and a yield of 2.83%. Skyworks Solutions’s payout ratio is 48.23%.

Wall Street Analyst Weigh In

SWKS has been the subject of several research reports. B. Riley increased their price objective on Skyworks Solutions from $110.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. TD Cowen upped their price objective on shares of Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Susquehanna lifted their target price on shares of Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a research note on Wednesday, January 31st. Rosenblatt Securities reissued a “buy” rating and issued a $130.00 price target on shares of Skyworks Solutions in a research report on Wednesday, January 31st. Finally, KeyCorp downgraded shares of Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $115.10.

About Skyworks Solutions

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.