Field & Main Bank Lowers Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Amica Mutual Insurance Co. acquired a new position in shares of Skyworks Solutions in the 4th quarter valued at about $2,016,000. Van ECK Associates Corp lifted its position in Skyworks Solutions by 17.7% during the 4th quarter. Van ECK Associates Corp now owns 960,348 shares of the semiconductor manufacturer’s stock worth $107,962,000 after acquiring an additional 144,357 shares in the last quarter. Choreo LLC lifted its position in Skyworks Solutions by 69.4% during the 4th quarter. Choreo LLC now owns 3,936 shares of the semiconductor manufacturer’s stock worth $442,000 after acquiring an additional 1,612 shares in the last quarter. Mather Group LLC. lifted its position in Skyworks Solutions by 91.8% during the 4th quarter. Mather Group LLC. now owns 5,492 shares of the semiconductor manufacturer’s stock worth $617,000 after acquiring an additional 2,628 shares in the last quarter. Finally, Capital Investment Counsel Inc lifted its position in Skyworks Solutions by 2.1% during the 4th quarter. Capital Investment Counsel Inc now owns 33,028 shares of the semiconductor manufacturer’s stock worth $3,713,000 after acquiring an additional 680 shares in the last quarter. Hedge funds and other institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

SWKS stock traded up $0.17 during midday trading on Tuesday, reaching $108.03. The company had a trading volume of 988,133 shares, compared to its average volume of 2,277,213. The firm has a market capitalization of $17.31 billion, a PE ratio of 19.23, a P/E/G ratio of 1.93 and a beta of 1.37. The stock has a 50 day moving average price of $104.15 and a 200 day moving average price of $101.91. Skyworks Solutions, Inc. has a fifty-two week low of $85.06 and a fifty-two 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.

Skyworks Solutions (NASDAQ:SWKS) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $1.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm posted $2.33 EPS. The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. Analysts anticipate that Skyworks Solutions, Inc. will post 5.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

SWKS has been the topic of several recent research reports. Piper Sandler reissued a “neutral” rating and set a $90.00 price target on shares of Skyworks Solutions in a research report on Thursday, January 4th. StockNews.com lowered Skyworks Solutions from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Susquehanna boosted their price target on Skyworks Solutions from $120.00 to $125.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. KeyCorp lowered Skyworks Solutions from an “overweight” rating to a “sector weight” rating in a research report on Monday, April 8th. Finally, Rosenblatt Securities restated a “buy” rating and set a $130.00 price objective on shares of Skyworks Solutions in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $115.10.

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.