NEW YORK (TheStreet) -- Shares of Skyworks Solutions (SWKS) - Get Report were gaining 4% to $96.79 on heavy trading volume Friday after Northland Securities raised its price target for the chipmaker to $105 from $90.

The analyst firm reiterated its "outperform" rating for Skyworks.

The price target increase comes after days of losses for Skyworks and several other semiconductor companies including SanDisk (SNDK) which lowered its guidance on Thursday.

Following the losses analyst firm Rosenblatt Securities wrote that SanDisk's lower forecast is not related to the overall smartphone industry. The analyst firm believes that Samsung (SSNLF) is increasing Chinese production "from 3 million per month in Q1 to 7-8 million per month in Q2." Qualcomm (QCOM) - Get Report and MediaTek are also seeing strong orders from China, according to the analyst firm.

About 6.1 million shares of Skyworks were traded by 12:13 p.m. Friday, above the average trading volume of about 4.3 million shares a day.

Insight from TheStreet's Research Team:

Skyworks Solutions is a core holding of Bryan Ashenberg's GrowthSeeker.com Portfolio. During the most recent weekly roundup, this is what Bryan had to say about the stock:

Skyworks Solutions (Technology -- SWKS:Nasdaq, 375 shares, 7.71%; $105 price target): The Skyworks juggernaut continued its rise this week, tacking on 5% and crossing the $100 mark (nothing fundamental about that, just gratifying to see as we initiated the position ages ago below $10 a share). On Friday, B. Riley raised its price target on the stock to $117 from $95 and reiterated its buy rating.

There is increasing confidence that strong demand from Chinese OEMs for their 4G LTE phones can drive an incremental $2 billion to $3 billion of business for the industry over the next few years. We continue to like the company for its healthy positioning, as it should benefit from the proliferation of the Internet of Things (IoT) and the continued expansion of 3G and 4G/LTE technologies. We are confident management can drive double-digit sales growth over the long term. As Skyworks benefits from broad customer and end-market diversification, we expect the stock to continue its impressive performance.

-Bryan Ashenberg, "Growth Seeker Weekly Summary," originally published on 3/23/15 on GrowthSeeker.com

Separately, TheStreet Ratings team rates SKYWORKS SOLUTIONS INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate SKYWORKS SOLUTIONS INC (SWKS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• SWKS's very impressive revenue growth greatly exceeded the industry average of 10.5%. Since the same quarter one year prior, revenues leaped by 59.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
• SWKS has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 3.88, which clearly demonstrates the ability to cover short-term cash needs.
• Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, SKYWORKS SOLUTIONS INC's return on equity exceeds that of both the industry average and the S&P 500.
• Powered by its strong earnings growth of 106.12% and other important driving factors, this stock has surged by 164.18% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, SWKS should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
• SKYWORKS SOLUTIONS INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, SKYWORKS SOLUTIONS INC increased its bottom line by earning $2.37 versus $1.44 in the prior year. This year, the market expects an improvement in earnings ($4.89 versus $2.37).
• You can view the full analysis from the report here: SWKS Ratings Report