- Silicon Labs' shares have weakened a bit lately, but have otherwise been strong in recent months on strong IoT growth prospects and the rumor of a potential asset sale.
- Selling the non-IoT assets would make SLAB a much cleaner growth story, one driven in large part by double-digit growth in IoT connectivity, and possible a buyout target itself.
- I can get to a fair value in the mid-$150s, treating SLAB like a growth stock, but that approach is not rigorous and robust multiples are fragile in nervous/weak markets.
For further details see:
Silicon Labs Surges As The Growth Story Comes Back Into Focus