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Silicon Laboratories Inc. Message Board

  • stset1 stset1 Oct 4, 2007 8:29 PM Flag

    Wedbush raised their tgt to $47 !!!!

    10/3/07
    Wedbush raised their tgt on Silicon Labs to $47 from $43, saying revs and expanding operating margins should drive the stock higher. Firm said their checks indicate microcontrollers and Broadcast products are selling well with stable leadtimes, flat inventories, and normal price declines. Firm also said the broadcast business can be the key lever for more upside to the stock, and the microcontroller business remains strong.

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    • I don't think the Broadcast business is good enough to
      warrant $47/share. Take out the sale of Wireless and
      the $12/share in cash and the P/E is still pretty high
      given SLAB's growth performance. The buyback appears to
      be putting the squeeze on available float. This squeeze
      will correct itself when the institutional guys decide
      to monetize their gain.

 
SLAB
40.04-6.76(-14.44%)Jul 25 4:00 PMEDT

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