NEW YORK (TheStreet) -- Skyworks Solutions (SWKS) - Get Report stock is up 0.76% to $91.4 in midday trading Monday after Canaccord increased its price target to $102 from $90, while maintaining its "buy" rating. 

Analysts anticipate strong growth and content share gains in LTE smarphones along with strong broad markets growth, Canaccord said. 

"We believe Skyworks strong portfolio of integrated solutions should increase Skyworks' SAM for the fast growing RFIC market and enable Skyworks to capture RF dollar content share in the LTE smartphone market," analysts said.

In addition, they believe Skyworks' broad portfolio should enable dollar content share growth in both Apple's (AAPL) - Get Report and Samsung's (SSNLF)  premium tier smartphones during 2015 and grow content share in the fast growing Chinese LTE smartphone market, Canaccord noted.  

Canaccord estimated an increase to 300 million units in 2015 from 120 million units in 2014 in the China LTE smartphone market. 

Analysts raised their fiscal 2015 and 2016 earnings estimates to $4.89 and $6.01 per share from $4.85 and $5.89 per share, respectively.  

'Insight from theStreet's Research Team'

Skyworks Solutions is a breakout stock this week in Jim Cramer's Growth Seeker Portfolio. During the most recent weekly roundup, this is what Jim Cramer, Portfolio Manager & Jack Mohr, Director of Research - Growth Seeker had to say about the stock:

"We continue to like the company for its healthy positioning, as it should benefit from the prolferation of the Internet of Things (IoT) and the continued expansion of 3G and 4G/LTE technologies. We are confident management can drive double-digit sales growth over the long term."

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, notable return on equity, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• SWKS's very impressive revenue growth greatly exceeded the industry average of 10.7%. Since the same quarter one year prior, revenues leaped by 59.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
• SWKS has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 3.88, which clearly demonstrates the ability to cover short-term cash needs.
• Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, SKYWORKS SOLUTIONS INC's return on equity exceeds that of both the industry average and the S&P 500.
• Powered by its strong earnings growth of 106.12% and other important driving factors, this stock has surged by 148.77% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, SWKS should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
• SKYWORKS SOLUTIONS INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, SKYWORKS SOLUTIONS INC increased its bottom line by earning $2.37 versus $1.44 in the prior year. This year, the market expects an improvement in earnings ($4.88 versus $2.37).
• You can view the full analysis from the report here: SWKS Ratings Report