Broadpoint.Amtech Initiates Coverage on Silicon Laboratories (SLAB) with a Buy; Superior Products Grow Share
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Broadpoint.Amtech initiates coverage on Silicon Laboratories (Nasdaq: SLAB) with a Buy. Price target $53.
Broadpoint analyst says, "We believe fast-growing Silicon Labs is in the midst of a multi-year growth cycle. New products in attractive markets will likely grow its served available market (SAM), and continued innovation will likely drive market share growth within its SAM. We believe “growth driver” businesses can grow from roughly $100M in FY09 to ~$300M/year in the next three years. We find SLAB shares attractive at current levels for the following reasons:New Products Grow SAM; Superior Products Grow Share within SAM (Definition, Integration skills); Cross-sell Opportunities; and Superior Revenue and EPS Growth."
To see more analyst ratings on SLAB Click Here.
Silicon Laboratories Inc. engages in the design and development of analog-intensive and mixed-signal integrated circuits (ICs).
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