Summit Insights analyst Kinngai Chan yesterday afternoon upgraded Silicon Labs to Buy from Hold. The company is returning to a "growth path after a severe inventory correction in the consumer-related end-market," the analyst tells investors in a research note. The firm believes the industry supply chain is normalizing and lead times have stabilized. It is confident the company is back to its growth path through 2023.
Published first on TheFly
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Read More on SLAB:
- Silicon Labs upgraded to Buy from Hold at Summit Insights
- Silicon Labs Reports Fourth Quarter and Full Year 2022 Results
- Silicon Labs sees Q1 non-GAAP EPS $1.07-$1.17, consensus 77c
- Silicon Labs reports Q4 non-GAAP EPS $1.31, consensus 98c
- Silicon Labs price target raised to $100 from $85 at Barclays
