Massachusetts Financial Services Co. MA Reduces Stock Position in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Massachusetts Financial Services Co. MA trimmed its holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,037,309 shares of the semiconductor manufacturer’s stock after selling 2,338 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.66% of Skyworks Solutions worth $67,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of SWKS. Mattson Financial Services LLC bought a new position in Skyworks Solutions in the fourth quarter worth about $37,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Skyworks Solutions by 60.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 594 shares of the semiconductor manufacturer’s stock worth $38,000 after purchasing an additional 223 shares during the last quarter. Brown Lisle Cummings Inc. boosted its holdings in Skyworks Solutions by 450.7% during the 1st quarter. Brown Lisle Cummings Inc. now owns 771 shares of the semiconductor manufacturer’s stock valued at $50,000 after acquiring an additional 631 shares during the period. VSM Wealth Advisory LLC purchased a new stake in Skyworks Solutions during the fourth quarter worth approximately $56,000. Finally, Quadrant Capital Group LLC increased its position in Skyworks Solutions by 53.2% during the fourth quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer’s stock worth $56,000 after buying an additional 218 shares during the period. 85.43% of the stock is owned by hedge funds and other institutional investors.

Skyworks Solutions Stock Performance

SWKS stock opened at $72.20 on Friday. Skyworks Solutions, Inc. has a 12-month low of $47.93 and a 12-month high of $120.07. The stock’s 50 day simple moving average is $72.88 and its 200 day simple moving average is $71.92. The stock has a market capitalization of $10.84 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. The company has a current ratio of 4.95, a quick ratio of 3.84 and a debt-to-equity ratio of 0.17.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. The company had revenue of $953.20 million for the quarter, compared to analyst estimates of $951.50 million. Skyworks Solutions had a net margin of 10.43% and a return on equity of 11.53%. Skyworks Solutions’s revenue was down 8.9% compared to the same quarter last year. During the same period last year, the company posted $1.55 earnings per share. As a group, research analysts forecast that Skyworks Solutions, Inc. will post 3.7 earnings per share for the current fiscal year.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 17th. Investors of record on Tuesday, May 27th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.88%. Skyworks Solutions’s payout ratio is currently 109.80%.

Analyst Ratings Changes

SWKS has been the subject of several analyst reports. Mizuho upped their target price on Skyworks Solutions from $72.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, July 1st. Barclays lifted their price target on Skyworks Solutions from $45.00 to $52.00 and gave the company an “underweight” rating in a research report on Thursday, May 8th. Stifel Nicolaus lifted their price target on Skyworks Solutions from $62.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, May 8th. UBS Group reduced their price target on Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. cut their price target on Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $79.06.

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.