Broadpoint Maintains Buy Rating On Silicon Labs (SLAB)

Broadpoint.AmTech released a research report today in which they reiterated their Buy rating on shares of Silicon Laboratories (NASDAQ: SLAB). The firm has a $56 price target on the stock which is currently trading at $44.41. Broadpoint is optimistically looking for full year EPS of $2.50 in 2010 and $3.00 in 2011.

According to Google Finance, "Silicon Laboratories Inc. designs and develops mixed-signal analog intensive integrated circuits (ICs) for a range of applications. Its mixed-signal ICs are electronic components that convert analog signals, such as sound and radio waves, into digital signals that electronic products can process."