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Equities research analysts at Brean Capital boosted their target price on shares of Skyworks Solutions (NASDAQ:SWKS) from $30.00 to $35.00 in a research note issued to investors on Friday, American Banking and Market News reports. Brean Capital’s target price suggests a potential upside of 22.29% from the stock’s previous close.

Shares of Skyworks Solutions (NASDAQ:SWKS) opened at 28.62 on Friday. Skyworks Solutions has a 52-week low of $19.57 and a 52-week high of $29.30. The stock has a 50-day moving average of $27.91 and a 200-day moving average of $25.47. The company has a market cap of $5.392 billion and a P/E ratio of 20.08.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results on Thursday, January 16th. The company reported $0.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.01. The company had revenue of $505.00 million for the quarter, compared to the consensus estimate of $500.01 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. On average, analysts predict that Skyworks Solutions will post $2.56 earnings per share for the current fiscal year.

In other Skyworks Solutions news, CEO David Aldrich sold 60,000 shares of the stock on the open market in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $28.00, for a total value of $1,680,000.00. Following the completion of the sale, the chief executive officer now directly owns 349,928 shares in the company, valued at approximately $9,797,984. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of other analysts have also recently weighed in on SWKS. Analysts at JMP Securities reiterated a “market perform” rating on shares of Skyworks Solutions in a research note to investors on Monday. They now have a $40.00 price target on the stock. Separately, analysts at B. Riley upgraded shares of Skyworks Solutions from a “neutral” rating to a “buy” rating in a research note to investors on Monday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Skyworks Solutions in a research note to investors on Thursday, November 7th. They now have a $27.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $32.60.

Skyworks Solutions, Inc (NASDAQ:SWKS) offers analog and mixed signal semiconductors.

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