May 15, 2008, 2:18 pm
Skyworks: Oppenheimer Ups Ests, Target; Gaining Share
Posted by Eric Savitz
Skyworks Solutions (SWKS) shares are sharply higher today, propelled in part by a bullish note from Oppenheimer analyst Ittai Kidron.
Kidron notes that he hosted an investor visit to the company’s headquarters yesterday. The analyst says he expects “strong share gains” in Samsung and LG 3G phones, “a strong ramp” at Research In Motion (RIMM) which could make the company its largest RF supplier, and “a continued build” at Nokia (NOK).
He raised his 2008 EPS estimate for the company to 70 cents from 69 cents; for ‘09 he goes to 87 cents from 83 cents. Kidron upped his target on the stock to $11 from $9.50.
SWKS today is up 71 cents, or 8.3%, to $9.22.
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Nice call Kidron! Bingo Bango. SWKS to the moon!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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May 29, 2008 at
4:44 pm
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Tech Trader Daily is a blog on technology investing written from Palo Alto, California by long-time Barron's West Coast Editor Eric J. Savitz. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields.
