Cambridge Trust Co. Has $136,000 Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Cambridge Trust Co. trimmed its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 16.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,255 shares of the semiconductor manufacturer’s stock after selling 245 shares during the period. Cambridge Trust Co.’s holdings in Skyworks Solutions were worth $136,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas bought a new stake in shares of Skyworks Solutions during the 1st quarter worth $27,000. Access Investment Management LLC bought a new stake in shares of Skyworks Solutions during the 1st quarter worth $31,000. ST Germain D J Co. Inc. raised its stake in shares of Skyworks Solutions by 60.5% during the 1st quarter. ST Germain D J Co. Inc. now owns 345 shares of the semiconductor manufacturer’s stock worth $37,000 after purchasing an additional 130 shares during the period. AdvisorNet Financial Inc raised its stake in shares of Skyworks Solutions by 790.0% during the 4th quarter. AdvisorNet Financial Inc now owns 356 shares of the semiconductor manufacturer’s stock worth $40,000 after purchasing an additional 316 shares during the period. Finally, Vestor Capital LLC bought a new stake in shares of Skyworks Solutions during the 4th quarter worth $43,000. 85.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SWKS. TD Cowen lifted their target price on Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday. Susquehanna reissued a “neutral” rating and set a $125.00 price objective on shares of Skyworks Solutions in a report on Wednesday. Bank of America boosted their price objective on Skyworks Solutions from $95.00 to $110.00 and gave the stock an “underperform” rating in a report on Wednesday. UBS Group cut their price objective on Skyworks Solutions from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Finally, Robert W. Baird upped their target price on Skyworks Solutions from $90.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and a consensus price target of $113.94.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock traded down $3.31 during trading on Friday, hitting $104.70. 3,287,132 shares of the company’s stock traded hands, compared to its average volume of 3,128,223. The company has a debt-to-equity ratio of 0.16, a current ratio of 5.75 and a quick ratio of 3.81. Skyworks Solutions, Inc. has a 1 year low of $85.06 and a 1 year high of $120.86. The stock has a market capitalization of $16.72 billion, a P/E ratio of 19.68, a PEG ratio of 4.98 and a beta of 1.23. The business has a 50-day simple moving average of $105.55 and a 200-day simple moving average of $103.31.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $1.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.21. The business had revenue of $905.50 million for the quarter, compared to analysts’ expectations of $900.41 million. Skyworks Solutions had a return on equity of 15.41% and a net margin of 17.85%. The business’s revenue for the quarter was down 15.5% on a year-over-year basis. During the same period last year, the firm posted $1.50 earnings per share. As a group, analysts forecast that Skyworks Solutions, Inc. will post 5.21 EPS for the current year.

Skyworks Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, August 20th. This is an increase from Skyworks Solutions’s previous quarterly dividend of $0.68. Skyworks Solutions’s dividend payout ratio (DPR) is 51.13%.

Insider Activity at Skyworks Solutions

In related news, Director Robert A. Schriesheim sold 25,433 shares of Skyworks Solutions stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $90.27, for a total transaction of $2,295,836.91. Following the sale, the director now owns 60,881 shares of the company’s stock, valued at approximately $5,495,727.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Skyworks Solutions news, VP Philip Matthew Carter sold 452 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $110.00, for a total transaction of $49,720.00. Following the completion of the transaction, the vice president now owns 9,564 shares in the company, valued at approximately $1,052,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert A. Schriesheim sold 25,433 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $90.27, for a total value of $2,295,836.91. Following the transaction, the director now owns 60,881 shares of the company’s stock, valued at approximately $5,495,727.87. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,337 shares of company stock valued at $2,399,797. 0.34% of the stock is owned by company insiders.

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.