UPDATE: Cantor Fitzgerald Initiates Skyworks Solutions at Buy

Cantor Fitzgerald is out with its report today on Skyworks Solutions (NASDAQ: SWKS), initiating SWKS at Buy.

In a note to clients, Cantor Fitzgerald writes, "We are initiating coverage on Skyworks with a BUY recommendation and a $33 target price. We suggest that investors aggressively accumulate shares at current levels."

At the time of posting, shares of SWKS were trading pre-market at $24.49, up 5.20% from Monday's close.