Stifel Maintains Buy Rating on Silicon Labs (SLAB)

Silicon Laboratories Inc. (NASDAQ:SLAB) is one of the 14 Small Publicly Traded Semiconductor Companies to Invest in Now. On September 12, Stifel reaffirmed its Buy rating for Silicon Laboratories Inc. (NASDAQ:SLAB) with a price target of $150.

This decision came after Stifel met with Silicon Laboratories Inc.’s (NASDAQ:SLAB) CEO Matt Johnson, CFO Dean Butler, and Senior Director of IR Giovanni Pacelli at a non-deal roadshow in Europe. The research firm got “a more grounded view” of the company’s three key strengths: Breadth, Depth, and Focus. These strengths support strong growth across various protocols and technologies.

Stifel’s research note mentioned that Silicon Laboratories Inc. (NASDAQ:SLAB) has built an impressive design win pipeline worth $10 billion. The firm also pointed out that AI at the edge is still evolving and likely a few years away from mainstream adoption. However, more devices will need strong connectivity to make full use of AI capabilities.

The research firm believes Silicon Laboratories Inc. (NASDAQ:SLAB) is in a strong position with its key networking offerings like Bluetooth Low Energy (BLE) and ultra-low power Wi-Fi. These products will help the company benefit from the rising demand for connectivity.

Silicon Laboratories Inc. (NASDAQ:SLAB) is a fabless semiconductor company that specializes in low-power connectivity solutions.

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Disclosure: None. This article is originally published at Insider Monkey.