Oppenheimer analyst Rick Schafer weighed in with his forecast on Skyworks Solutions Inc (NASDAQ:SWKS), as the company is scheduled to report its fiscal third-quarter earnings results this Thursday after the market close. With GM and FCF trending higher for the foreseeable, and multiple structural tailwinds, Skyworks remains Schafer’s top 2015 pick. The analyst reiterated an Outperform rating on Skyworks stock with a price target of $110, which implies an upside of 112% from current levels.

Schafer noted, “Better than seasonal iPh6 and China 4G smartphone demand support upside to consensus sales/EPS ests of $802M/$1.29, in our view. We see upside to the Street’s F4Q (Sept) $859M sales forecast as well, driven by China’s ongoing 4G transition and our expectation for a 15%-plus content bump on the iP6S Fall refresh. SWKS remains our favorite RF- content “pure-play” with ~75% wireless exposure. SWKS’ 50%-plus share on major Chinese 4G baseband reference designs and ~60% content boost in 4G vs 3G suggests sustained growth/upside into 2016.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Rick Schafer has a total average return of 24.2% and a 75.4% success rate. Schafer has a 92.6% average return when recommending SWKS, and is ranked #27 out of 3711 analysts.

Out of the 20 analysts polled by TipRanks, 17 rate Skyworks Solutions stock a Buy, while 3 rate the stock a Hold. With a return potential of 2.5%, the stock’s consensus target price stands at $101.