UBS' Steven Eliscu is downgrading Silicon Labs (SLAB +0.5%), whose shares have outperformed the...

|About: Silicon Laboratories, Inc. (SLAB)|By:, SA News Editor

UBS' Steven Eliscu is downgrading Silicon Labs (SLAB +0.5%), whose shares have outperformed the chip sector over the last few months, to Neutral. His reasons: the company is heavily exposed to a consumer sector vulnerable to weak pricing; its sales of multi-application chips are "likely to see limited upside;" and its valuation is at a slight premium to historical norms (in stark contrast to other tech names).