NEW YORK (TheStreet) -- Shares of Skyworks Solutions Inc. (SWKS - Get Report) are higher by 2.65% to $54.27 on heavy volume in mid-afternoon trading on Monday, continuing a gain the producer of analog semiconductors began last Thursday, following its 2014 third quarter financial results.
Skyworks said revenue increased 35% from the prior year's third quarter to $587 million.
Diluted earnings per share were 83 cents for the 2014 third quarter versus 54 cents for the 2013 third quarter.
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The company said its earnings growth is due to its ability to capitalize "on the macro trend to connect virtually to everyone and everything, all the time." Separately, TheStreet Ratings team rates SKYWORKS SOLUTIONS INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation: "We rate SKYWORKS SOLUTIONS INC (SWKS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."
SWKS data by YCharts
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