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Fly News Breaks for October 25, 2018
SLAB
Oct 25, 2018 | 08:19 EDT
MKM Partners analyst Ruben Roy lowered his price target on Silicon Labs to $85 and kept his Neutral rating after its Q3 results. The analyst says that while earnings and revenues topped consensus and also came in at the high end of the management's guidance, he is trimming his price forecast to reflect the multiple contraction across the group. Roy adds that Silicon Lab's valuation multiple of 21-times his expected forward earnings reflects the company's execution.
News For SLAB From the Last 2 Days
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
