Topeka Capital Starts Skyworks Solutions (SWKS) at Buy
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Price: $23.23 -1.9%
Rating Summary:
16 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Rating Summary:
16 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 28 | New: 14
Trade SWKS Now!
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, with a 52 week range of $17.13-$31.44.
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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, with a 52 week range of $17.13-$31.44.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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