Massachusetts Financial Services Co. MA Boosts Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

Massachusetts Financial Services Co. MA increased its position in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 0.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,042,908 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,579 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Skyworks Solutions were worth $103,008,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SWKS. Rothschild Investment LLC acquired a new position in shares of Skyworks Solutions in the 2nd quarter valued at $27,000. Innealta Capital LLC acquired a new position in Skyworks Solutions in the second quarter valued at about $27,000. Blue Trust Inc. boosted its stake in Skyworks Solutions by 79.7% during the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 149 shares during the period. Matrix Trust Co acquired a new stake in shares of Skyworks Solutions during the third quarter valued at about $39,000. Finally, Valley Wealth Managers Inc. acquired a new position in shares of Skyworks Solutions in the 3rd quarter worth approximately $40,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Carlos S. Bori sold 10,177 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $97.63, for a total value of $993,580.51. Following the completion of the sale, the senior vice president now directly owns 27,026 shares of the company’s stock, valued at approximately $2,638,548.38. This represents a 27.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert John Terry sold 10,522 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $88.01, for a total value of $926,041.22. Following the transaction, the senior vice president now directly owns 15,960 shares in the company, valued at approximately $1,404,639.60. This represents a 39.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,841 shares of company stock valued at $3,034,265 over the last quarter. Company insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

SWKS has been the topic of a number of research analyst reports. Loop Capital started coverage on Skyworks Solutions in a research report on Monday, November 11th. They issued a “hold” rating and a $90.00 target price on the stock. Morgan Stanley decreased their target price on Skyworks Solutions from $117.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 13th. TD Cowen boosted their price target on shares of Skyworks Solutions from $90.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Stifel Nicolaus raised their price objective on shares of Skyworks Solutions from $112.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Mizuho cut their target price on shares of Skyworks Solutions from $127.00 to $105.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $101.00.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $85.41 on Friday. The company has a quick ratio of 2.19, a current ratio of 5.54 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 52 week low of $82.13 and a 52 week high of $120.86. The firm’s 50 day moving average is $93.49 and its two-hundred day moving average is $99.91. The firm has a market capitalization of $13.66 billion, a P/E ratio of 23.08, a P/E/G ratio of 1.88 and a beta of 1.21.

Skyworks Solutions (NASDAQ:SWKS) last announced its quarterly earnings results on Tuesday, November 12th. The semiconductor manufacturer reported $1.55 EPS for the quarter, topping the consensus estimate of $1.52 by $0.03. Skyworks Solutions had a net margin of 14.27% and a return on equity of 13.71%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the business earned $1.95 EPS. Skyworks Solutions’s revenue for the quarter was down 15.9% compared to the same quarter last year. Research analysts forecast that Skyworks Solutions, Inc. will post 4.45 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 24th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.70 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.80 dividend on an annualized basis and a yield of 3.28%. Skyworks Solutions’s dividend payout ratio is presently 75.68%.

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.