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Shares of Skyworks Solutions (NASDAQ:SWKS) have earned a consensus rating of “Buy” from the twenty-one brokerages that are covering the company, American Banking and Market News reports. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $55.47.

SWKS has been the subject of a number of recent research reports. Analysts at Canaccord Genuity raised their price target on shares of Skyworks Solutions from $55.00 to $62.00 in a research note on Tuesday, August 12th. They now have a “buy” rating on the stock. Separately, analysts at Pacific Crest reiterated an “outperform” rating on shares of Skyworks Solutions in a research note on Thursday, August 7th. Finally, analysts at Tigress Financial downgraded shares of Skyworks Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 24th.

In other Skyworks Solutions news, Director David J. Mclachlan sold 2,000 shares of the stock on the open market in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $55.53, for a total transaction of $111,060.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Skyworks Solutions (NASDAQ:SWKS) traded down 0.82% on Tuesday, hitting $54.3101. The stock had a trading volume of 300,381 shares. Skyworks Solutions has a 1-year low of $23.27 and a 1-year high of $56.08. The stock has a 50-day moving average of $51.6 and a 200-day moving average of $42.94. The company has a market cap of $10.293 billion and a P/E ratio of 28.66.

Skyworks Solutions (NASDAQ:SWKS) last announced its earnings results 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. On average, analysts predict that Skyworks Solutions will post $3.13 earnings per share for the current fiscal year.

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

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