Barclays maintains an 'Overweight' on Skyworks Solutions (SWKS); Still Time for Some Last Minute Shopping

Barclays maintains an 'Overweight' on Skyworks Solutions (NASDAQ: SWKS) price target of $28.00.

Barclays analyst says, "We are highlighting Skyworks as one of our favorite names into 2012 as it is the cheapest in our universe (trading at only 8x our CY12 EPS despite market growth over 10% next year) and we see several potential catalysts including (1) next iPad (1H:12) likely doesn't change RF architecture - incrementally positive vs. expectations, (2) iPhone 5 (Nasdaq: AAPL) content likely flat to up, (3) share gains - most notably at Samsung (Galaxy S2 and S3), Huawei, and ZTE, and (4) ramp of low cost 3G Android (Nasdaq: GOOG) solutions in China."

"Checks suggest Skyworks is well positioned to gain further share at Samsung in Galaxy phones on both IFX and QUALCOMM (Nasdaq: QCOM) platforms. Shipping now in the Galaxy S2 versions for T-Mobile and AT&T (NYSE: T) and gaining share on IFX platforms. Checks suggest SWKS is likely to secure sockets in Galaxy S3 (likely intro at MWC in late February), adding to gains at Huawei and ZTE."

Other highlighted points include: 1) Potential to increase content at Apple in iPhone 5; and 2) China a roller coaster but pricing not as bad as feared and SWKS best positioned when 3G volumes take off

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 $14.37 yesterday.

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