UBS Reiterates a 'Buy' on Skyworks Solutions (SWKS); Positive After Meetings with Management
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Price: $23.89 +1.23%
Rating Summary:
16 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
16 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade SWKS Now!
UBS reiterates a 'Buy' on Skyworks Solutions (NASDAQ: SWKS) price target raised from $28 to $33.
UBS analyst says, "We hosted SWKS management for investor meetings in New York. Based on the meetings, we reached the following conclusions: 1) SWKS should gain additional content in Apple's (Nasdaq: AAPL) new platforms including New iPad & iPhone5, 2) SWKS is gaining share at Samsung with its new MMPA for Intel (Nasdaq: INTC) baseband, & 3) SWKS will address incremental content of about $2.50/device for WiFi PA (from SiGe), antenna switch module and GPS LNA."
UBS raises FY12 EPS estimate from $1.27 to $1.35 and FY13 from $1.70 to $1.89.
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 $26.77 yesterday, with a 52 week range of $13.72-$33.73.
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UBS analyst says, "We hosted SWKS management for investor meetings in New York. Based on the meetings, we reached the following conclusions: 1) SWKS should gain additional content in Apple's (Nasdaq: AAPL) new platforms including New iPad & iPhone5, 2) SWKS is gaining share at Samsung with its new MMPA for Intel (Nasdaq: INTC) baseband, & 3) SWKS will address incremental content of about $2.50/device for WiFi PA (from SiGe), antenna switch module and GPS LNA."
UBS raises FY12 EPS estimate from $1.27 to $1.35 and FY13 from $1.70 to $1.89.
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 $26.77 yesterday, with a 52 week range of $13.72-$33.73.
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