MML Investors Services LLC Lowers Stock Holdings in Skyworks Solutions, Inc. (NASDAQ:SWKS)

MML Investors Services LLC trimmed its stake in Skyworks Solutions, Inc. (NASDAQ:SWKS – Get Rating) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,430 shares of the semiconductor manufacturer’s stock after selling 911 shares during the period. MML Investors Services LLC’s holdings in Skyworks Solutions were worth $1,657,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Ellevest Inc. lifted its stake in Skyworks Solutions by 776.5% in the third quarter. Ellevest Inc. now owns 298 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 264 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its position in Skyworks Solutions by 51.0% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 379 shares of the semiconductor manufacturer’s stock valued at $51,000 after buying an additional 128 shares during the period. CoreCap Advisors LLC purchased a new position in Skyworks Solutions during the second quarter valued at $38,000. Oakworth Capital Inc. purchased a new position in Skyworks Solutions during the third quarter valued at $36,000. Finally, Private Trust Co. NA purchased a new position in Skyworks Solutions during the second quarter valued at $52,000. 75.37% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other Skyworks Solutions news, SVP Robert John Terry sold 3,500 shares of the stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $100.60, for a total transaction of $352,100.00. Following the completion of the sale, the senior vice president now directly owns 11,187 shares of the company’s stock, valued at approximately $1,125,412.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Reza Kasnavi sold 3,000 shares of the stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $120.03, for a total transaction of $360,090.00. Following the completion of the transaction, the senior vice president now directly owns 16,994 shares of the company’s stock, valued at approximately $2,039,789.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Robert John Terry sold 3,500 shares of the stock in a transaction that occurred on Tuesday, December 13th. The stock was sold at an average price of $100.60, for a total value of $352,100.00. Following the transaction, the senior vice president now directly owns 11,187 shares of the company’s stock, valued at $1,125,412.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,216 shares of company stock valued at $1,010,950. 0.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. BMO Capital Markets lowered their price objective on Skyworks Solutions from $120.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, November 4th. Barclays upgraded Skyworks Solutions from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $95.00 to $125.00 in a report on Monday, January 23rd. KGI Securities upgraded Skyworks Solutions from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 30th. Mizuho restated a “buy” rating and set a $135.00 price target on shares of Skyworks Solutions in a report on Tuesday, February 7th. Finally, Credit Suisse Group raised their price target on Skyworks Solutions from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, February 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $119.26.

Skyworks Solutions Stock Performance

Shares of Skyworks Solutions stock opened at $111.57 on Wednesday. The business’s 50 day moving average price is $105.41 and its 200 day moving average price is $97.86. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.75 and a current ratio of 2.79. The company has a market cap of $17.74 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 0.89 and a beta of 1.25. Skyworks Solutions, Inc. has a one year low of $76.16 and a one year high of $141.26.

Skyworks Solutions (NASDAQ:SWKS – Get Rating) last released its earnings results on Monday, February 6th. The semiconductor manufacturer reported $2.59 EPS for the quarter, hitting the consensus estimate of $2.59. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Skyworks Solutions had a return on equity of 28.65% and a net margin of 22.33%. Skyworks Solutions’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.90 EPS. On average, research analysts predict that Skyworks Solutions, Inc. will post 8.33 EPS for the current year.

Skyworks Solutions declared that its board has authorized a stock repurchase plan on Monday, February 6th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to purchase up to 11.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Skyworks Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 21st. Shareholders of record on Tuesday, February 28th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Monday, February 27th. This represents a $2.48 dividend on an annualized basis and a yield of 2.22%. Skyworks Solutions’s payout ratio is 33.83%.

Skyworks Solutions Profile

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Skyworks Solutions, Inc engages in the design, development, and manufacture of proprietary semiconductor products. Its products include amplifiers, attenuators, circulators, demodulators, detectors, diodes, directional couplers, front-end modules, hybrids, isolators, lighting and display solutions, mixers, modulators, optocouplers, optoisolators, phase shifters, synthesizers, power dividers and combiners, receivers, switches, and technical ceramics.

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