Cantor Fitzgerald Starts Skyworks Solutions (SWKS) at Buy; Market Share Concerns Create Buying Opportunity

Cantor Fitzgerald initiates coverage on Skyworks Solutions (NASDAQ: SWKS) with a Buy. PT $33.

Cantor analyst says, "We suggest that investors aggressively accumulate shares at current levels...Skyworks is a leading supplier of RF components to the mobile device market worldwide and we estimate they have a dominant market share of approximately 22%. This share includes strong positions at all of the major mobile device manufactures in the world...For 3Q11, we are estimating $0.46 per share on revenues of $346 million. For FY2011, we are estimating $1.81 per share on $1.38 billion. For FY12, we are estimating $2.19 per share on $1.725 billion."

For more ratings news on Skyworks Solutions click here and for the rating history of Skyworks Solutions click here.

Shares of Skyworks Solutions closed at $23.28 yesterday.

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