Silicon Laboratories-Silicon Labs Revenue Beats Estimates, Analysts Highlight Inventory Recovery

Silicon Laboratories, Inc. SLAB shares are trading relatively flat on Wednesday.On Tuesday, the company reported first-quarter results, with revenues of $178 million, beating the Street View. Industrial & Commercial revenue for the quarter was$ 96 million, up 47% year-over-year, while Home & Life revenue for the quarter was $82 million, up 99%.Here are the key analysts’ takeaways from the earnings:Benchmark analyst Cody Acree reiterated the Buy rating on the stock, with a price forecast of$ 160.Needham anal ...