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Skyworks Shares Continue Lower Despite 'Buy the Weakness' Call from Sterne Agee

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A Sterne Agee analyst is recommending investors buy the weakness in shares of Skyworks Solutions (NASDAQ: SWKS) Friday following a 6 percent drop on Thursday. The analyst attributed the downside to concerns related to the iPhone 5 supply chain.

The analyst believes Skyworks is "well positioned" for the iPhone 5 and also the new Galaxy S4 ramp.

Sterne Agee maintains a Buy rating and $30 price target on shares of Skyworks.

Investors are shrugging at the analyst note Friday afternoon. Shares of Skyworks are down another 6 percent at last check.

Latest Ratings for SWKS

DateFirmActionFromTo
Oct 2014Canaccord GenuityMaintainsBuy
Sep 2014MKM PartnersInitiates Coverage onBuy
Aug 2014Canaccord GenuityMaintainsBuy

View More Analyst Ratings for SWKS
View the Latest Analyst Ratings

Posted-In: Analyst Color Analyst Ratings Movers

 

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