- Silicon Labs reported strong revenue and bookings growth for its IoT business (with wireless revenue up 60%), with production capacity, not demand, the key limiting factor.
- SLAB sold its non-IoT assets at a good price, but now must execute on its opportunity in the high-potential, high-growth IoT market, including growing beyond smart home and smart metering.
- While these shares are not cheap, the valuation isn't unreasonable, and that's not so common for a tech stock with double-digit revenue growth potential.
For further details see:
Silicon Labs Isn't As Expensive As You Might Think For A Pure IoT Growth Play