Tore Svanberg, Analyst with Stifel Nicolaus & Co., says Silicon Laboratories (SLAB) is his favorite midcap semiconductor stock at the moment. He likes the stock because he believes the company is best-positioned among semiconductor companies to benefit from the Internet of Things trend.
“They have made many smaller acquisitions over the last five years, trying to develop the right I.P. to be very competitive in the IoT segment,” Svanberg says.
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Silicon Labs already has close to 40% exposure to the Internet of Things markets, Svanberg says.
“From my perspective, they are really now at the forefront of what it means to be a successful semiconductor supplier for IoT end markets, whether that is wearables or home automation or industrial IoT or any other subsegment of Internet of Things,” Svanberg says.
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