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Fly News Breaks for January 29, 2020
SLAB
Jan 29, 2020 | 12:27 EDT
Stifel analyst Tore Svanberg maintained a Buy rating and $131 price target on Silicon Labs (SLAB) in a note to investors titled "Minor Miss, But Solid Set Up for CY20 and Beyond; Buyers on Overreaction." The analyst said that while Q4 had a "slight" top-line miss, the stock reaction seems "overdone" and he recommended buying on the weakness. Svanberg added that both Internet-of-Things and Infrastructure are "positioned for return to double-digit growth in CY20," and that he sees "solid leverage in the model."
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
