Seeking Alpha

Skyworks (SWKS +4.8%) pops after UBS lifts its target to $36 from $33. UBS cites the RF...

Skyworks (SWKS +4.8%) pops after UBS lifts its target to $36 from $33. UBS cites the RF chipmaker's ability to benefit from iPhone 5 sales, 4G adoption (4G phones require more/costlier RF components), 3G growth (still happening in emerging markets), and share gains. Skyworks is also getting a lift from today's rally in chip stocks (SOXX +2.9%). Barclays downgraded shares on valuation grounds on Tuesday.
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