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Fly News Breaks for April 24, 2019
SLAB
Apr 24, 2019 | 13:50 EDT
Roth Capital analyst Suji Desilva raised his price target for Silicon Labs to $120 from $110 following the company's Q1 results and keeps a Buy rating on the shares. The analyst is encouraged by the company's "recovering bookings pattern following a one-quarter macro driven slowdown." He expects Silicon Labs to experience a "broad secular recovery" based on its design wins momentum across multiple end markets.
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
