Topeka Capital Starts Skyworks Solutions (SWKS) at Buy

Earlier, Topeka Capital initiated coverage on Skyworks Solutions (NASDAQ: SWKS) with a Buy. PT $26.00.

The firm comments, "We believe at current levels, the stock offers a compelling buying opportunity and the fundamentals of the Company remain largely unchanged. SWKS should continue to expand its content in smartphones beyond power amplifiers, and at the same time benefit from increased RF content for LTE. In addition to solid revenue growth, margins should expand as well, which should drive strong earnings growth in the near-to-mid-term."

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 $20.41 yesterday.

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