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Wunderlich Securities maintains its Hold rating on Silicon Laboratories
SLAB and raises the company's price target from $40 to $44 in a research report out today.
In the report, Wunderlich Securities writes, "Silicon Laboratories (
SLAB) reported Q4 revenue of $126.7 million and EPS of $0.49, ahead of our estimates of $119.1 million and $0.42. The upside mainly came from strength in video and touch controllers, which should also be strong growth drivers for 2012. We would look for a pullback in the stock or a potential breakout quarter to change the EPS trajectory in order to increase our bias to recommending the stock."
Shares of Silicon Laboratories are currently trading at $46.25, down 1.53% from yesterday's close.
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