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

Equitable Trust Co. decreased its position in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 4.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 48,902 shares of the semiconductor manufacturer’s stock after selling 2,058 shares during the period. Equitable Trust Co.’s holdings in Skyworks Solutions were worth $4,337,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SWKS. Brookstone Capital Management acquired a new stake in Skyworks Solutions in the third quarter valued at $231,000. CWM LLC grew its holdings in Skyworks Solutions by 20.2% in the third quarter. CWM LLC now owns 8,195 shares of the semiconductor manufacturer’s stock valued at $809,000 after purchasing an additional 1,375 shares during the last quarter. UMB Bank n.a. grew its holdings in Skyworks Solutions by 8.7% in the third quarter. UMB Bank n.a. now owns 1,432 shares of the semiconductor manufacturer’s stock valued at $141,000 after purchasing an additional 115 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Skyworks Solutions in the third quarter valued at $69,000. Finally, Simplicity Wealth LLC grew its holdings in Skyworks Solutions by 3.8% in the third quarter. Simplicity Wealth LLC now owns 5,514 shares of the semiconductor manufacturer’s stock valued at $545,000 after purchasing an additional 202 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

Skyworks Solutions Price Performance

SWKS stock opened at $65.69 on Monday. 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, Inc. has a 1 year low of $62.01 and a 1 year high of $120.86. The firm has a market cap of $10.56 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14. The stock has a 50-day simple moving average of $88.93 and a 200-day simple moving average of $94.86.

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

Skyworks Solutions Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SWKS. Susquehanna reduced their price objective on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Citigroup upped their price objective on Skyworks Solutions from $72.00 to $84.00 and gave the company a “sell” rating in a research report on Friday, January 10th. The Goldman Sachs Group reduced their price objective on Skyworks Solutions from $92.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday. Needham & Company LLC restated a “hold” rating on shares of Skyworks Solutions in a research report on Thursday. Finally, Piper Sandler reduced their price objective on Skyworks Solutions from $85.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $83.78.

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.