UBS Remains Positive on Silicon Labs (SLAB), But Cuts Numbers on More Conservative TV Tuner Outlook
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Price: $115.19 -1.97%
Rating Summary:
14 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
14 Buy, 13 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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UBS maintains a 'Buy' on Silicon Labs (NASDAQ: SLAB) price target lowered from $48 to $44.
Analyst, Steven Eliscu, said, "We are constructive on Silicon Labs based on expected sales growth and margin expansion for its Broad-based segment. However, its participation in the TV tuner segment remains controversial; as SLAB has largely locked in its 2012 pricing, we maintain our estimates but take a more cautious view of 2013 given the challenging macro and model TV tuners flat...On a lowered view of the TV tuner and residual touch businesses, we lower our 2013/14 sales/EPS by 3%/6% to $588m/$657m and EPS by 7%/8% to $2.47/$3.02."
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 $33.59 yesterday.
Analyst, Steven Eliscu, said, "We are constructive on Silicon Labs based on expected sales growth and margin expansion for its Broad-based segment. However, its participation in the TV tuner segment remains controversial; as SLAB has largely locked in its 2012 pricing, we maintain our estimates but take a more cautious view of 2013 given the challenging macro and model TV tuners flat...On a lowered view of the TV tuner and residual touch businesses, we lower our 2013/14 sales/EPS by 3%/6% to $588m/$657m and EPS by 7%/8% to $2.47/$3.02."
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 $33.59 yesterday.
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