Silicon Labs Ready For The Next IoT-Fueled Run
Silicon Laboratories(SLAB) Seeking Alpha·2024-07-14 21:13
Ross Tomei Writing about Silicon Laboratories (NASDAQ:SLAB) almost 18 months ago, I said that while I liked the long-term potential of this connectivity-focused IoT semiconductor company, I preferred to wait for a pullback. I didn’t expect a virtual collapse in the business (a 70% peak to trough move in revenue), nor a “pullback” of roughly 50% in the shares, as the company saw significant weakness among its customers, as well as increased competition throughout 2023. Business appears to be stabilizing, ...