Oppenheimer Maintains Outperform on Skyworks Solutions

Oppenheimer is out with its report today on Skyworks Solutions (NASDAQ: SWKS), maintaining Outperform.

In a note to clients, Oppenheimer writes, "Skyworks announced the acquisition of power mgm't company AnalogicTech for $6.13/shr. The AATI announcement is hot on the heels of Skyworks' pending acquisition of SiGe and offers a similar value proposition by adding complementary products and a good growth profile, while immediately accretive. But also like SiGe, there's a need to drive operational improvement to meet Skyworks' levels. Overall we're positive and like the fit and sales leverage, but we'll keep an eye on execution given the close timing of two fixer-upper acquisitions. Maintain Outperform and we'll review estimates at close."

Oppenheimer maintains a $34 PT on SWKS.

Shares of SWKS closed Thursday at $27.03, up 0.71% from Wednesday's close.