Story updated at 10 am to reflect market activity.
Shares of Skyworks gained 10.9% to $51.40 in morning trading.
The analyst also raised its EPS estimates for Skyworks through 2015. JMP now expects the company to report earnings of $3.15 a share, up from $2.96 a share. The firm also increased its full-year 2015 estimates t $3.75 from $3.25 a share.
Skyworks' new strategic efforts are paying dividends according to JMP analyst Alex Guana.
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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 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."