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Equities researchers at Topeka Capital Markets lifted their target price on shares of Skyworks Solutions (NASDAQ:SWKS) to $37.00 in a research report issued on Friday, StockRatingsNetwork reports. Topeka Capital Markets’ price target points to a potential upside of 29.28% from the company’s current price.

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 posted its quarterly earnings results on Thursday, January 16th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter 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.

Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Skyworks Solutions from $33.00 to $36.00 in a research note to investors on Friday. Separately, analysts at Brean Capital raised their price target on shares of Skyworks Solutions from $30.00 to $35.00 in a research note to investors on Friday. Finally, 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. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Skyworks Solutions presently has an average rating of “Buy” and a consensus price target of $32.60.

In other Skyworks Solutions news, CEO David Aldrich sold 60,000 shares of the stock on the open market in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $28.00, for a total transaction of $1,680,000.00. Following the completion of the sale, the chief executive officer now directly owns 349,928 shares of the company’s stock, 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.

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

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