Silicon Laboratories, has been upgraded by Zacks Investment Research from a ‘hold’ rating to a ‘buy’ rating, according to a report issued on Saturday, 26th August. The brokerage presently has a $82.00 price objective on the semiconductor company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 7.75% from the stock’s previous close.
Zacks commented: “Silicon Laboratories design and develop proprietary, analogue-intensive, mixed-signal integrated circuits for the rapidly growing communications industry.”
Continuing it said: “Mixed-signal integrated circuits are electronic components that convert real-world analogue signals, such as sound and radio waves, into digital signals that electronic products can process. Mixed-signal integrated circuits are critical components of numerous communications products, including cellular telephones, cable and satellite set-top boxes, modems and fax machines."
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