Silicon Laboratories' IoT Momentum Leads to Another Quarterly Beat
Silicon Laboratories (NASDAQ: SLAB) announced third-quarter 2017 results on the morning of Oct. 25, highlighting record quarterly revenue led once again by the growth of its Internet of Things (IoT) solutions. The fabless semiconductor specialist also offered encouraging guidance for the coming quarter.
Shares are up more than 36% year to date as of the Oct. 25 close. Now let's take a closer look at how the company started the second half of the year.
Image source: Getty Images.
Source: Fool.com
Silicon Labs Inc. Stock
€96.50
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We see a rather positive sentiment for Silicon Labs Inc. with 9 Buy predictions and 1 Sell predictions.
As a result the target price of 140 € shows a positive potential of 45.08% compared to the current price of 96.5 € for Silicon Labs Inc..
