Massachusetts Financial Services Co. MA Reduces Stock Position in Skyworks Solutions, Inc. $SWKS

Key Points

• Massachusetts Financial Services trimmed its Skyworks stake by 4.2% in Q4, selling 52,698 shares and leaving 1,199,128 shares (about 0.80% of the company) worth roughly $76.0 million.
• Analysts have lowered targets and ratings recently, leaving a consensus rating of Hold with a $70.50 price target (majority of analysts are Hold: 18; 3 Buy; 2 Sell).
• Skyworks beat the quarter with $1.54 EPS on $1.04B revenue and pays a quarterly dividend that annualizes to a 5.0% yield, though its dividend payout ratio is high at about 109%.

Massachusetts Financial Services Co. MA lessened its stake in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,199,128 shares of the semiconductor manufacturer's stock after selling 52,698 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.80% of Skyworks Solutions worth $76,037,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SWKS. Vanguard Group Inc. boosted its holdings in shares of Skyworks Solutions by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 20,714,728 shares of the semiconductor manufacturer's stock valued at $1,594,620,000 after acquiring an additional 958,768 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Skyworks Solutions by 391.3% during the 3rd quarter. Marshall Wace LLP now owns 537,814 shares of the semiconductor manufacturer's stock valued at $41,401,000 after acquiring an additional 722,414 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in shares of Skyworks Solutions by 52.1% during the 2nd quarter. Rafferty Asset Management LLC now owns 2,024,243 shares of the semiconductor manufacturer's stock valued at $150,847,000 after acquiring an additional 693,379 shares during the last quarter. Two Sigma Investments LP boosted its holdings in shares of Skyworks Solutions by 92.4% during the 3rd quarter. Two Sigma Investments LP now owns 1,358,259 shares of the semiconductor manufacturer's stock valued at $104,559,000 after acquiring an additional 652,406 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC purchased a new stake in shares of Skyworks Solutions during the 2nd quarter valued at about $48,434,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Analyst Ratings Changes

SWKS has been the topic of a number of recent analyst reports. B. Riley Financial dropped their price target on shares of Skyworks Solutions from $70.00 to $60.00 and set a "neutral" rating on the stock in a report on Monday, January 26th. Stifel Nicolaus reiterated a "hold" rating and issued a $65.00 price objective (down from $72.00) on shares of Skyworks Solutions in a research note on Wednesday, February 4th. Weiss Ratings cut shares of Skyworks Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, February 6th. TD Cowen lowered their price objective on shares of Skyworks Solutions from $75.00 to $65.00 and set a "hold" rating on the stock in a research note on Wednesday, February 4th. Finally, Wall Street Zen cut shares of Skyworks Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Skyworks Solutions has an average rating of "Hold" and a consensus target price of $70.50.

Skyworks Solutions Price Performance

Shares of NASDAQ:SWKS opened at $56.50 on Tuesday. The firm's 50 day moving average price is $57.32 and its 200-day moving average price is $63.88. Skyworks Solutions, Inc. has a twelve month low of $51.93 and a twelve month high of $90.90. The company has a quick ratio of 1.80, a current ratio of 2.40 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $8.50 billion, a PE ratio of 21.73 and a beta of 1.30.

Skyworks Solutions (NASDAQ:SWKS - Get Free Report) last released its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.14. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $999.02 million. Skyworks Solutions had a net margin of 9.73% and a return on equity of 11.72%. The firm's quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.60 EPS. Skyworks Solutions has set its Q2 2026 guidance at 1.040-1.040 EPS. Equities research analysts expect that Skyworks Solutions, Inc. will post 3.7 EPS for the current year.

Skyworks Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, February 24th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, February 24th. Skyworks Solutions's dividend payout ratio is currently 109.23%.

Skyworks Solutions Profile

Skyworks Solutions, Inc is a leading semiconductor company that designs and manufactures analog and mixed-signal semiconductors for use in radio frequency (RF) and mobile communications markets. The company's portfolio includes power amplifiers, front-end modules, switches, filters, low-noise amplifiers, and other components that enable wireless connectivity in smartphones, tablets, wearables, automotive telematics, and broadband infrastructure. With a focus on energy efficiency and integration, Skyworks serves a broad range of customers in the mobile, Internet of Things (IoT), automotive, connected home, and industrial end markets.

Headquartered in Irvine, California, Skyworks operates a network of design, development, and manufacturing facilities across North America, Europe, and the Asia-Pacific region.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.