Skyworks (SWKS) at Epicenter of Mobile Revolution, Cantor Fitzgerald Says Buy

Cantor Fitzgerald reiterated a Buy rating on Skyworks Solutions (NASDAQ: SWKS) with a price target of $36.00.

Commenting Skyworks quarterly results, analysts Dale R. Pfau said, "While some may find [results] disappointing, we recommend that investors aggressively accumulate shares on any weakness ahead of what we believe will be a strong 2013."

"We believe that Skyworks is a major supplier to virtually all of the major mobile device manufacturers in the world, and as such, its revenues (on an annual basis) are representative of the mobile device market," continued Pfau. "While we also believe that Skyworks is gaining share, its revenues will not exactly track major handset introductions (like the iPhone5), as some of its other customers may be weak in the quarter."

For an analyst ratings summary and ratings history on Skyworks Solutions click here. For more ratings news on Skyworks Solutions click here.

Shares of Skyworks Solutions closed at $24.08 yesterday.

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