Field & Main Bank Sells 930 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Field & Main Bank reduced its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 35.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,670 shares of the semiconductor manufacturer’s stock after selling 930 shares during the period. Field & Main Bank’s holdings in Skyworks Solutions were worth $188,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SWKS. Pacer Advisors Inc. increased its holdings in shares of Skyworks Solutions by 40.9% during the 4th quarter. Pacer Advisors Inc. now owns 1,601,879 shares of the semiconductor manufacturer’s stock worth $180,083,000 after purchasing an additional 465,223 shares during the period. AQR Capital Management LLC grew its position in Skyworks Solutions by 42.0% during the third quarter. AQR Capital Management LLC now owns 1,145,660 shares of the semiconductor manufacturer’s stock worth $112,951,000 after buying an additional 338,838 shares in the last quarter. LSV Asset Management increased its stake in Skyworks Solutions by 24.2% during the third quarter. LSV Asset Management now owns 1,741,300 shares of the semiconductor manufacturer’s stock valued at $171,675,000 after acquiring an additional 338,820 shares during the period. Invesco Ltd. raised its holdings in Skyworks Solutions by 11.8% in the 3rd quarter. Invesco Ltd. now owns 3,035,245 shares of the semiconductor manufacturer’s stock valued at $299,245,000 after acquiring an additional 321,243 shares in the last quarter. Finally, AustralianSuper Pty Ltd bought a new stake in shares of Skyworks Solutions in the 4th quarter worth approximately $29,522,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Skyworks Solutions Trading Up 0.2 %

Shares of SWKS traded up $0.17 during trading hours on Tuesday, reaching $108.03. The stock had a trading volume of 988,133 shares, compared to its average volume of 2,277,213. The company has a market cap of $17.31 billion, a P/E ratio of 19.23, a P/E/G ratio of 1.93 and a beta of 1.37. Skyworks Solutions, Inc. has a 52 week low of $85.06 and a 52 week high of $115.69. The company has a quick ratio of 3.51, a current ratio of 5.02 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $104.15 and a 200 day moving average of $101.91.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data 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 business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business posted $2.33 EPS. Skyworks Solutions’s revenue for the quarter was down 9.6% on a year-over-year basis. On average, sell-side analysts expect that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on SWKS shares. TD Cowen upped their target price on Skyworks Solutions from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Piper Sandler reaffirmed a “neutral” rating and set a $90.00 price objective on shares of Skyworks Solutions in a report on Thursday, January 4th. B. Riley lifted 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. StockNews.com lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $130.00 price target on shares of Skyworks Solutions in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $115.10.

Skyworks Solutions 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.