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Fly News Breaks for October 27, 2016
SLAB
Oct 27, 2016 | 08:55 EDT
Roth Capital analyst Suji Desilva raised his price target for Silicon Laboratories to $70 from $65, citing continued healthy leverage in the model. The analyst is encouraged that the company has strong infrastructure and broadcast market content, providing diversification for investors, and notes that continued IoT demand strength and recovering Infrastructure demand boosted revenue above consensus. Desilva believes the selloff in the shares represents an entry point and reiterates a Buy rating on the stock.
News For SLAB From the Last 2 Days
SLAB
Apr 25, 2024 | 09:44 EDT
SLAB
Apr 25, 2024 | 07:41 EDT
SLAB
Apr 25, 2024 | 07:36 EDT
SLAB
Apr 25, 2024 | 05:56 EDT
SLAB
Apr 25, 2024 | 05:31 EDT
SLAB
Apr 25, 2024 | 05:11 EDT
Barclays analyst Tom O'Malley lowered the firm's price target on Silicon Labs to $120 from $140 and keeps an Equal Weight rating on the shares. The company's revenue is rebounding off of December bottom and a recovery is underway, but operating expenditures ticked up and the margin miss make return to profitability a bit of a longer road, the analyst tells investors in a research note.
SLAB
Apr 24, 2024 | 09:46 EDT
As previously reported, Summit Insights downgraded Silicon Labs to Hold from Buy. While stating that Silicon Labs' March quarter results and June quarter outlook "clearly support our view of a recovery from the industry downturn and inventory correction after an extended period of customers' double ordering," the firm also believes a recovery is now priced into the share price and expects the stock to be an inline performer.
SLAB
Apr 24, 2024 | 09:35 EDT
SLAB
Apr 24, 2024 | 07:08 EDT
