Massachusetts Financial Services Co. MA Sells 10,564 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Massachusetts Financial Services Co. MA decreased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,038,329 shares of the semiconductor manufacturer’s stock after selling 10,564 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.65% of Skyworks Solutions worth $110,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of SWKS. BNP Paribas bought a new stake in Skyworks Solutions during the 1st quarter valued at $27,000. Innealta Capital LLC bought a new position in shares of Skyworks Solutions in the second quarter worth $27,000. Rothschild Investment LLC bought a new position in shares of Skyworks Solutions in the second quarter worth $27,000. Access Investment Management LLC bought a new position in shares of Skyworks Solutions in the first quarter worth $31,000. Finally, Blue Trust Inc. increased its holdings in shares of Skyworks Solutions by 79.7% in the second quarter. Blue Trust Inc. now owns 336 shares of the semiconductor manufacturer’s stock worth $36,000 after purchasing an additional 149 shares during the period. Institutional investors own 85.43% of the company’s stock.

Skyworks Solutions Stock Performance

NASDAQ SWKS opened at $96.23 on Thursday. The company has a quick ratio of 4.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.16. The company has a 50-day simple moving average of $107.52 and a two-hundred day simple moving average of $103.11. The firm has a market cap of $15.37 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 4.56 and a beta of 1.21. Skyworks Solutions, Inc. has a 12-month low of $85.06 and a 12-month high of $120.86.

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

Skyworks Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.70 per share. This is a positive change from Skyworks Solutions’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Tuesday, August 20th. Skyworks Solutions’s dividend payout ratio is currently 52.63%.

Insider Transactions at Skyworks Solutions

In other news, SVP Carlos S. Bori sold 9,321 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $101.97, for a total transaction of $950,462.37. Following the completion of the sale, the senior vice president now directly owns 37,203 shares in the company, valued at $3,793,589.91. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Skyworks Solutions news, SVP Carlos S. Bori sold 9,321 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $101.97, for a total value of $950,462.37. Following the completion of the sale, the senior vice president now directly owns 37,203 shares in the company, valued at $3,793,589.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Reza Kasnavi sold 1,843 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $107.47, for a total transaction of $198,067.21. Following the completion of the sale, the senior vice president now owns 17,455 shares of the company’s stock, valued at $1,875,888.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,068 shares of company stock worth $1,252,490. Company insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

SWKS has been the topic of several research analyst reports. The Goldman Sachs Group raised shares of Skyworks Solutions to a “hold” rating in a report on Wednesday, July 31st. Barclays upped their price target on shares of Skyworks Solutions from $85.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. upped their price target on shares of Skyworks Solutions from $105.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Bank of America increased their target price on Skyworks Solutions from $95.00 to $110.00 and gave the company an “underperform” rating in a research note on Wednesday, July 31st. Finally, B. Riley raised Skyworks Solutions from a “neutral” rating to a “buy” rating and increased their target price for the company from $96.00 to $130.00 in a research note on Thursday, June 20th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $113.94.

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.