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Shares of Skyworks Solutions (NASDAQ:SWKS) have received a consensus recommendation of “Buy” from the twenty-one analysts that are covering the stock, AnalystRatingsNetwork reports. Two equities research analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $55.76.

A number of research firms have recently commented on SWKS. Analysts at DA Davidson raised their price target on shares of Skyworks Solutions from $65.00 to $70.00 in a research note on Friday. Separately, 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. Finally, analysts at Pacific Crest reiterated an “outperform” rating on shares of Skyworks Solutions in a research note on Thursday, August 7th.

In other Skyworks Solutions news, Director David J. Mclachlan unloaded 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $55.53, for a total value of $111,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Skyworks Solutions (NASDAQ:SWKS) opened at 56.66 on Tuesday. Skyworks Solutions has a one year low of $23.27 and a one year high of $56.94. The stock’s 50-day moving average is $52.55 and its 200-day moving average is $43.47. The company has a market cap of $10.739 billion and a P/E ratio of 29.06. Skyworks Solutions also was the recipient of unusually large options trading on Friday. Stock traders bought 5,572 call options on the company. This represents an increase of approximately 121% compared to the typical daily volume of 2,524 call options.

Skyworks Solutions (NASDAQ:SWKS) last released its 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 $3.13 EPS for the current fiscal year.

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

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