Barclays Thinks iPhone 5 and Galaxy SIII Will Provide Tailwind to Skyworks Solutions (SWKS), However...

June 26, 2012 2:55 PM EDT
Get Alerts SWKS Hot Sheet
Price: $76.89 -1.84%

Rating Summary:
    24 Buy, 7 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 10
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Barclays maintains an 'Overweight' on Skyworks Solutions (NASDAQ: SWKS) price target of $30.00 (from $32.00).

Analyst, Blayne Curtis, said, "We believe gains at Samsung (Galaxy SIII) and Apple (iPhone 5)(Nasdaq: AAPL) should still provide enough of a tailwind for SWKS to meet or exceed Jun/Sept/Dec consensus estimates; however, weaker handset trends likely eat into some of the upside from the share gains at Samsung and Apple which are part of investor expectations at this point."

Curtis lowers FY12 EPS estimate from $1.91 to $1.89 and FY13 from $2.29 to $2.24.

For an analyst ratings summary and ratings history on Skyworks Solutions click here. For more ratings news on Skyworks Solutions click here.

Shares of Skyworks Solutions closed at $25.48 yesterday.

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