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Analysts at Barclays boosted their price target on shares of Skyworks Solutions (NASDAQ:SWKS) from $40.00 to $48.00 in a research report issued to clients and investors on Tuesday. The firm currently has an “equal weight” rating on the stock. Barclays’ price target would indicate a potential downside of 9.21% from the stock’s previous close.

Shares of Skyworks Solutions (NASDAQ:SWKS) traded up 14.09% during mid-day trading on Tuesday, hitting $52.87. 18,366,064 shares of the company’s stock traded hands. Skyworks Solutions has a 52-week low of $22.24 and a 52-week high of $49.10. The stock has a 50-day moving average of $46.69 and a 200-day moving average of $38.2. The company has a market cap of $10.024 billion and a P/E ratio of 27.57.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $80.00 by $79.17. The company had revenue of $587.00 million for the quarter, compared to the consensus estimate of $570.37 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 34.6% on a year-over-year basis. Analysts expect that Skyworks Solutions will post $2.96 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 21st. Investors of record on Thursday, August 7th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.83%.

SWKS has been the subject of a number of other recent research reports. Analysts at Brean Capital raised their price target on shares of Skyworks Solutions from $51.00 to $54.00 in a research note on Wednesday, June 11th. They now have a “buy” rating on the stock. Separately, analysts at Needham & Company LLC raised their price target on shares of Skyworks Solutions from $46.00 to $50.00 in a research note on Thursday, June 5th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of Skyworks Solutions in a research note on Wednesday, June 4th. They now have a $55.00 price target on the stock, up previously from $50.00. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $53.72.

Skyworks Solutions, Inc (NASDAQ:SWKS) is a producer of analog semiconductors.

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