UBS Reiterates a 'Buy' on Skyworks Solutions (SWKS); LTE, In Addition to 3G To Be Key Driver
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Price: $102.95 --0%
Rating Summary:
26 Buy, 19 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 17 | New: 5
Rating Summary:
26 Buy, 19 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 17 | New: 5
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UBS reiterates a 'Buy' on Skyworks Solutions (NASDAQ: SWKS) price target of $36.00 (from $33.00).
Analyst, Parag Agarwal, said, "We raise our estimates for 2013 as we believe that SWKS has incremental revenue opportunity of $1.8B in 2013, of which it can capture roughly $500m. We raise our estimates significantly above consensus, even though we have not fully baked in the potential incremental revenue that SWKS can capture in C2013. While in near term much of the upside will be driven by iPhone 5 (Nasdaq: AAPL), in 2013 we expect increased adoption of LTE, continued 3G growth and increased analog content along with share gains will be the key revenue drivers."
FY13 EPS estimate raised from $1.84 to $2.00.
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 $29.20 yesterday.
Analyst, Parag Agarwal, said, "We raise our estimates for 2013 as we believe that SWKS has incremental revenue opportunity of $1.8B in 2013, of which it can capture roughly $500m. We raise our estimates significantly above consensus, even though we have not fully baked in the potential incremental revenue that SWKS can capture in C2013. While in near term much of the upside will be driven by iPhone 5 (Nasdaq: AAPL), in 2013 we expect increased adoption of LTE, continued 3G growth and increased analog content along with share gains will be the key revenue drivers."
FY13 EPS estimate raised from $1.84 to $2.00.
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 $29.20 yesterday.
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