UPDATE: Topeka Capital Markets Initiates Skyworks Solutions at Buy on Smartphone, Tablet Exposure
Topeka Capital Markets initiated coverage on Skyworks Solutions, Inc. (NASDAQ: SWKS) with a Buy rating and a $26.00 price target.
Topeka Capital Markets noted, ". 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."
Skyworks Solutions closed at $20.41 on Tuesday.
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