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Bull of the Day

Skyworks Solutions (SWKS)

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By: Zacks Equity Research
March 03, 2010 |Comments: 0
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Skyworks Solutions (SWKS) is well positioned to benefit from recent trends in the handset market, which are favorable for increasing dollar content for RF components.

There is a significant growth opportunity in the handset markets propelled by the launch of 3G networks in China. The company has tie-ins with major OEMs that underscore its success in gaining market share. The company is also making good progress in the linear business with WLAN wins at Intel and Broadcom.

Results for the December quarter were better than expected, with earnings per share beating the Zacks Consensus Estimate. Management provided a strong forecast for the coming quarter. Our long-term recommendation for Skyworks is Outperform.

Skyworks Solutions (SWKS) : FULL ANALYST REPORT

Bull of the Day
Every day we feature one stock with a Zacks Recommendation of Buy that is set to outperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy rated stocks and in-depth research reports, then check out  Zacks Premium.

Read the full analyst report on SWKS

 
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