Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Equitable Trust Co.

Equitable Trust Co. lessened its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,902 shares of the semiconductor manufacturer’s stock after selling 2,058 shares during the quarter. Equitable Trust Co.’s holdings in Skyworks Solutions were worth $4,337,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Brookstone Capital Management acquired a new position in shares of Skyworks Solutions in the 3rd quarter worth approximately $231,000. CWM LLC grew its position in shares of Skyworks Solutions by 20.2% in the 3rd quarter. CWM LLC now owns 8,195 shares of the semiconductor manufacturer’s stock worth $809,000 after acquiring an additional 1,375 shares in the last quarter. UMB Bank n.a. grew its position in shares of Skyworks Solutions by 8.7% in the 3rd quarter. UMB Bank n.a. now owns 1,432 shares of the semiconductor manufacturer’s stock worth $141,000 after acquiring an additional 115 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Skyworks Solutions in the 3rd quarter worth approximately $69,000. Finally, Simplicity Wealth LLC grew its position in shares of Skyworks Solutions by 3.8% in the 3rd quarter. Simplicity Wealth LLC now owns 5,514 shares of the semiconductor manufacturer’s stock worth $545,000 after acquiring an additional 202 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Wall Street Analyst Weigh In

SWKS has been the subject of several research reports. Barclays decreased their target price on Skyworks Solutions from $80.00 to $70.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. B. Riley lowered Skyworks Solutions from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $110.00 to $65.00 in a research report on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday. Morgan Stanley cut their price target on Skyworks Solutions from $87.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Piper Sandler cut their price target on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $83.78.

Skyworks Solutions Stock Up 0.1 %

Shares of SWKS stock opened at $65.69 on Monday. Skyworks Solutions, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86. The stock has a market cap of $10.56 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14. The business’s fifty day moving average is $88.93 and its 200-day moving average is $94.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 4.24 and a current ratio of 5.94.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Wednesday, February 5th. The semiconductor manufacturer reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.26). Skyworks Solutions had a net margin of 13.02% and a return on equity of 12.60%. Equities analysts expect that Skyworks Solutions, Inc. will post 4.45 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Monday, February 24th. Skyworks Solutions’s dividend payout ratio (DPR) is presently 85.89%.

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.