Why Qorvo And Skyworks Shares Are Moving Today

Shares of Qorvo, Inc. QRVO and Skyworks Solutions, Inc. 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.