Oppenheimer Provides Color on Skyworks Solutions, Outperform

Oppenheimer provided color on Skyworks Solutions SWKS. In a research report published today, Oppenheimer stressed it expects the company's recent acquisitions will have a positive impact on Skyworks' earnings and share price. In the report, Oppenheimer states, "We view Skyworks' acquisition of SiGe and AATI as complementary growth drivers. Excluding revenue synergies, we see $0.04-0.19 of accretion to FY12 EPS under varying cost synergy assumptions. We're raising our estimates though we have yet to incorporate the acquisitions." At the moment, Oppenheimer has an Outperform rating and a price target of $34 placed on the company's stock. On Wednesday, Skyworks closed the day at $24.42. Its shared gained some value in today's pre-market trading, however, rising 1.35% to $24.75.