Silicon Labs Records First Annual Growth In Eight Quarters, Analyst Says Current Estimates Have ‘Positive Bias’
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Silicon Laboratories Inc (NASDAQ:SLAB) has “worked through the bulk of excess industry and customer inventory levels,” according to Benchmark.
The Silicon Laboratories Analyst: Analyst Cody Acree upgraded the rating for Silicon Laboratories from Hold to Buy, while raising the price target from $160 to $166.
The Silicon Laboratories Thesis: Although the company reported sequentially flat sales for the fourth quarter, it recorded the first year-on-year growth in eight quarters, Acree said in the upgrade note.
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“During the December quarter, SLAB saw progress as its customers …
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