Guy Adami Says To Stick With Skyworks Heading Into Earnings
Despite the move to the upside on the announcement, Skyworks Solutions Inc (NASDAQ:SWKS) will likely continue to rally into earnings next week, Guy Adami said Thursday on CNBC's "Fast Money."
The stock is close to taking out its all-time high of $195.82.
The company is likely "feeling pretty good about things" in order to make a deal of this magnitude, Adami said. He added that Skyworks is not overly expensive on a valuation basis.
Skyworks is set to report second-quarter earnings on April 29.
Price Action: Skyworks was up 4.6% to $192 in after-hours trading. Silicon Labs was up 14% at $165.
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