UBS Reiterates a 'Buy' on Skyworks Solutions (SWKS); Positive After Meetings with Management

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.

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