Needham upgrades Silicon Labs into semiconductor cyclical recovery Needham analyst N. Quinn Bolton upgraded Silicon Labs to Buy from Hold with a $150 price target. The analyst believes the company is well positioned for the semiconductor cyclical recovery. The firm is "encouraged" by improving inventory levels at Silicon's end-customers and distributors, increasing order trends, its "robust" operating leverage and new design wins that ramp to production this year. Needham now feels Street estimates "are more attainable" post the Q1 earnings report. The firm says Silicon Labs is the best-positioned company in the "fast-growing" internet of things space and is set to achieve double-digit sales growth into 2026.
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