Citigroup Maintains Neutral Rating for Silicon Laboratories: Here's What You Need To Know

Citigroup has decided to maintain its Neutral rating of Silicon Laboratories SLAB and lower its price target from $165.00 to $148.00.

Shares of Silicon Laboratories are trading up 1.4% over the last 24 hours, at $148.71 per share.

A move to $148.00 would account for a 0.48% decline from the current share price.

About Silicon Laboratories

Silicon Laboratories Inc develops semiconductors, software, and system solutions for the "Internet of Things," Internet infrastructure, industrial control, consumer, and automotive markets. The company operates through one segment, mixed-signal analog intensive products, consisting of diverse product areas, which the company groups into four categories: Internet of Things, broadcast, infrastructure and access. The Internet of Things category is the largest contributor to the company's total revenue. Geographically, the company operates in the United States, China, Taiwan, and the Rest of world.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.