Cambridge Trust Co. Reduces Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

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

Other institutional investors and hedge funds also recently bought and sold shares of the company. True Wealth Design LLC bought a new position in shares of Skyworks Solutions in the fourth quarter worth about $26,000. Fortis Capital Advisors LLC purchased a new stake in Skyworks Solutions in the 4th quarter worth approximately $27,000. Tyler Stone Wealth Management bought a new stake in Skyworks Solutions during the 2nd quarter worth approximately $29,000. Global Wealth Management Investment Advisory Inc. raised its stake in Skyworks Solutions by 98.1% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 313 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 155 shares during the period. Finally, Milestone Investment Advisors LLC purchased a new position in Skyworks Solutions during the third quarter valued at approximately $34,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SWKS has been the subject of a number of analyst reports. B. Riley increased their price objective on shares of Skyworks Solutions from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. KeyCorp lowered Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research note on Monday, April 8th. Rosenblatt Securities reissued a “buy” rating and set a $130.00 price target on shares of Skyworks Solutions in a report on Wednesday, January 31st. TD Cowen upped their price objective on Skyworks Solutions from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, StockNews.com cut Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. One research 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $115.10.

Skyworks Solutions Trading Down 1.5 %

SWKS opened at $96.11 on Friday. Skyworks Solutions, Inc. has a 12 month low of $85.06 and a 12 month high of $115.69. The company has a current ratio of 5.02, a quick ratio of 3.51 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $104.45 and a 200 day moving average of $101.65. The firm has a market cap of $15.40 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.81 and a beta of 1.37.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.02. Skyworks Solutions had a return on equity of 18.68% and a net margin of 19.48%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company posted $2.33 EPS. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. As a group, research analysts forecast that Skyworks Solutions, Inc. will post 5.65 EPS for the current year.

Skyworks Solutions Announces Dividend

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

Skyworks Solutions Company Profile

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.