Skyworks Slumps Despite Price Target Upgrades Skyworks fell nearly 8% in trading Friday afternoon even after Wall Street raised price targets after a strong quarter. Author: Shares of Skyworks ( SWKS) - Get Report were falling sharply Friday even after the chipmaker reported better-than-expected fiscal second-quarter earnings that sparked price target upgrades by analysts. Shares of the Irvine, Calif., company fell 7.79% to $182.46 at last check. For the quarter ended April 2, Skyworks nearly doubled its earnings to $325 million, or GAAP earnings of $1.95 a share and adjusted earnings of $2.37 per share. Revenue rose 53% to $1.17 billion. Analysts polled by FactSet were expecting GAAP earnings of $2.04 a share, or an adjusted $2.35 a share, on revenue of $1.15 billion.