Almost a year ago, I thought Silicon Labs (NASDAQ:SLAB) looked like an interesting,
albeit not completely compelling, pick in the semiconductor space due
to its position in microcontrollers, tuners, sensors, timers, and RF.
Since then, the shares have done alright relative to comps like STMicroelectronics (NYSE:STM) and Atmel (NASDAQ:ATML), but not so well relative to the likes of NXP Semiconductors (NASDAQ:NXPI), Broadcom (NASDAQ:BRCM), or Texas Instruments (NASDAQ:TXN).
My
primary issues with Silicon Labs continue to be competition, the pace
of market growth, and valuation. I like the company, and I think its
capabilities in MCU, RF, and sensors give it a good chance of
gaining/holding share in the growing Internet of Things (or IoT) market.
The "but" is that competing with companies like the aforementioned NXP,
Broadcom, and Texas Instruments is no picnic, there is still valid
uncertainty as to the real size of the IoT opportunity, and the
valuation doesn't seem all that low to me.
Continue reading here:
IoT Continues To Support The Silicon Labs Story
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