Silicon Laboratories (SLAB) has significant growth opportunities in the Internet of Things (IoT) and broadcast markets. In the last five years, the company’s revenue has grown at a CAGR of 6.18%. I expect that its revenue will continue to grow at such rate in the next five years. The company’s stock has corrected close to 20% from the top it recently created. Long-term investors can buy the stock around the current price utilizing this nice buying opportunity.
SLAB primarily offers its customers mixed-signal integrated circuits (ICs) that convert real-world analog signals into digital