2021-02-22 09:35:38 SLAB Silicon Labs
02/22/21 02/2209:35 02/22/2109:35 | Silicon Labs price target raised to $195 from $150 at NeedhamNeedham analyst Rajvindra Gill raised the firm's price target on Silicon Labs to $195 from $150 and keeps a Buy rating on the shares. The analyst is citing Friday's Bloomberg report that indicates the company could be exploring a potential break-up and considering a sale of its "analog" chip business. Gill remains positive on Silicon Labs' competitive positioning in the IoT market, adding that the company's timing business is a beneficiary of the transition to 5G. | |
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