Williams Financial Group Upgrades Silicon Labs (SLAB) to Buy; Looking for a Trade
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Price: $41.94 +1.16%
Rating Summary:
12 Buy, 5 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
12 Buy, 5 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade SLAB Now!
Williams Financial Group upgraded Silicon Labs (NASDAQ: SLAB) from Hold to Buy with a price target of $46.00.
Analyst, Cody G. Acree, said despite a discouraging macroeconomic backdrop...There are always short-term trades, long and short...Thematically, we believe these companies stand out for a few reasons. These firms can be well positioned in markets that enjoy some degree of buffer to the vagaries of short-term GDP trends, here we would point to Skyworks (Nasdaq: SWKS); although the market is already pricing in its strengths. Alternatively, we highlight RF Micro (Nasdaq: RFMD), with similar customer exposure, but completely mispriced by the market...We believe SLAB has matured into a company that now has both stable long-term growth drivers, but also the ability to augment this with innovative technologies that have provided periods of aggressive product cycle growth."
For an analyst ratings summary and ratings history on Silicon Labs click here. For more ratings news on Silicon Labs click here.
Shares of Silicon Labs closed at $38.04 yesterday, with a 52 week range of $31.92-$48.50.
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Analyst, Cody G. Acree, said despite a discouraging macroeconomic backdrop...There are always short-term trades, long and short...Thematically, we believe these companies stand out for a few reasons. These firms can be well positioned in markets that enjoy some degree of buffer to the vagaries of short-term GDP trends, here we would point to Skyworks (Nasdaq: SWKS); although the market is already pricing in its strengths. Alternatively, we highlight RF Micro (Nasdaq: RFMD), with similar customer exposure, but completely mispriced by the market...We believe SLAB has matured into a company that now has both stable long-term growth drivers, but also the ability to augment this with innovative technologies that have provided periods of aggressive product cycle growth."
For an analyst ratings summary and ratings history on Silicon Labs click here. For more ratings news on Silicon Labs click here.
Shares of Silicon Labs closed at $38.04 yesterday, with a 52 week range of $31.92-$48.50.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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