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Skyworks Solutions (NASDAQ:SWKS) has earned a consensus rating of “Buy” from the nineteen ratings firms that are covering the stock, AmericanBankingNews.com reports. Three equities research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $47.35.

Shares of Skyworks Solutions (NASDAQ:SWKS) traded up 0.46% during mid-day trading on Wednesday, hitting $47.77. 482,435 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 $46.54 and a 200-day moving average of $38.16. The company has a market cap of $9.057 billion and a price-to-earnings ratio of 28.29.

Skyworks Solutions (NASDAQ:SWKS) last released its earnings data on Tuesday, April 22nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. The company had revenue of $481.00 million for the quarter, compared to the consensus estimate of $470.26 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Analysts expect that Skyworks Solutions will post $2.96 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Skyworks Solutions from $40.00 to $44.00 in a research note on Tuesday. They now have an “equal weight” rating on the stock. Separately, 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. Finally, 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.

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

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