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Fly News Breaks for April 25, 2019
SLAB
Apr 25, 2019 | 09:26 EDT
MKM Partners analyst Ruben Roy raised his price target on Silicon Labs to $105 after its Q1 earnings beat, saying the company's execution has been "strong" in spite of the challenging environment. The analyst also points to Silicon Labs' better than guided gross margins along with the prospect of improving trends in its Internet of Things business after its IoT revenue declined 11% from Q4, with "record design win lifetime revenue" booked for the business during Q1.
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