Skyworks stock is trading higher by 2% to $115.50, after hitting new 52-week highs earlier in the session. The company will report earnings after the close Monday. However, that's not the only reason it's running higher on the day.
It's already been made clear that Broadcom's (AVGO - Get Report) massive $103 billion takeover attempt of Qualcomm (QCOM - Get Report) may not go through -- there is resistance to the deal. Should that deal fail, there are some rumblings among Wall Street that Skyworks would be Broadcom's next attempt.
"Be very, very careful" with this stock, given all the news surrounding it, suggested Cramer, who also manages the Action Alerts PLUS charitable trust portfolio. "I like the company, but I do not think they are for sale," he reasoned.
Shares of Skyworks Solutions are already up 54.6% so far on the year.
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