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What: Shares of mixed-signal microchip designer Silicon Laboratories
So what: The longtime, three-time Stock Advisor recommendation just reported third-quarter results far stronger than Wall Street analysts had dared to dream, followed up with solid guidance for the next quarter. Silicon Labs soars on a day when chief rivals Texas Instruments
Now what: Putting the rose-tinted glasses aside for a second, we see that Silicon Labs' shares are now back almost exactly where they were three months ago when timid guidance eviscerated the stock. The final report shows sales at the top end of, but still within, the supposedly disappointing guidance range. With the rosy lenses back on, we note that management expects to overcome macroeconomic headwinds with a rash of new products, which are helping the company take market share in several key segments.
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Fool contributor Anders Bylund holds no position in any of the companies mentioned. The Motley Fool owns shares of Texas Instruments. Motley Fool newsletter services have recommended buying shares of Silicon Laboratories. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.