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Fly News Breaks for March 5, 2020
SLAB
Mar 5, 2020 | 07:23 EDT
Needham analyst Rajvindra Gill upgraded Silicon Labs to Buy from Hold with a $115 price target. The analyst notes that after a 24% year-to-date decline in the stock price, the forward earnings multiple on the stock at 26.7-times is now a 23% discount to its peak price-to-earnings multiples. Gill contends that the coronavirus will remain an overhang, but he also believes that the stock price is approaching a bottom as recent commentary suggests that customer orders are rebounding and manufacturing plants are coming back online.
News For SLAB From the Last 2 Days
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
