Shares of Qorvo, Inc. (NASDAQ:QRVO) and Skyworks Solutions, Inc. (NASDAQ:SWKS) are trading higher after analysts at Barclays raised their price targets on the stocks.
Barclays analyst Blayne Curtis maintained an Equal-Weight rating on Skyworks and raised the price target from $185 to $200.
Skyworks Solutions produces semiconductors for wireless handsets and other devices that are used to enable wireless connectivity.
The stock was trading about 4.4% higher at $190.79 at the time of publication. The stock has a 52-week high of $204 and a 52-week low of $125.42.
Blayne Curtis maintained an Overweight rating on Qorvo and raises the price target from $210 to $220.
Qorvo specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world’s most advanced smartphones.
The stock was trading about 5.9% higher at $198.38 per share. The stock has a 52-week high of $201.68 and a 52-week low of $107.18.