Jim Cramer issued a “mea culpa” for his recent buy recommendation of TriQuint Semiconductor (TQNT). On Thursday, TriQuint traded 28% lower after the company missed Wall Street’s revenue estimates and offered up reduced guidance. The company also warned that a Korean handset maker (possibly Samsung) would slow production. Cramer said the move isn’t justified. He explained that TriQuint was taken lower by its exposure to regular mobile phones, not smartphones, and the Korean company’s cutbacks seem to be an isolated event. Cramer did mention that he should have warned investors to take profits much earlier on TQNT and not be piggish. However, now he sees a buying opportunity off of the big decline. Cramer said that TriQuint is transitioning its legacy businesses and epxanding into the faster selling, higher margin smart phones. Plus the company has 90 cents a share in cash on the balance sheet. TriQuint’s poor quarter caused a chain reaction and took down two more stocks in Cramer’s mobile Internet index, Skyworks Solutions (SWKS) and RF Micro Devices Inc. (RFMD). “It’s true that Skyworks and RF Micro do a lot of business with Samsung, but now the potential bad news is priced into their stocks,” Cramer said. He advised viewers to use the weakness in these two names as a buying opportunity as well. “The worst that happens is [they] go down further,” Cramer said, “and you get to buy more and lower and better prices.”Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!