Silicon Laboratories, Inc. (SLAB) Short Interest Update

Silicon Laboratories, Inc. (NASDAQ:SLAB) was the recipient of a significant growth in short interest in the month of September. As of September 29th, there was short interest totalling 1,014,170 shares, a growth of 32.9% from the September 15th total of 763,010 shares. Based on an average trading volume of 267,703 shares, the short-interest ratio is presently 3.8 days. Approximately 2.4% of the shares of the stock are short sold.

A number of brokerages have weighed in on SLAB. Barclays PLC upped their price target on Silicon Laboratories from $72.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday. Zacks Investment Research upgraded Silicon Laboratories from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Saturday, October 14th. Stifel Nicolaus upped their price target on Silicon Laboratories from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, October 12th. Canaccord Genuity reiterated a “buy” rating and issued a $95.00 price target (up from $85.00) on shares of Silicon Laboratories in a research report on Tuesday, October 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $85.00 price target on shares of Silicon Laboratories in a research report on Monday, September 18th. Ten analysts have rated the stock with a buy rating, Silicon Laboratories has an average rating of “Buy” and a consensus price target of $88.00.

Shares of Silicon Laboratories (NASDAQ:SLAB) opened at 88.20 on Thursday. The company has a market cap of $3.75 billion, a PE ratio of 52.59 and a beta of 1.28. The stock’s 50 day moving average price is $80.51 and its 200 day moving average price is $74.47. Silicon Laboratories has a one year low of $57.50 and a one year high of $88.85.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.08. Silicon Laboratories had a return on equity of 11.15% and a net margin of 9.88%. The company had revenue of $190.10 million for the quarter, compared to analyst estimates of $186.46 million. During the same quarter last year, the company posted $0.75 EPS. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities analysts predict that Silicon Laboratories will post $3.06 earnings per share for the current fiscal year.

In other Silicon Laboratories news, Director William G. Bock sold 2,500 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $75.30, for a total value of $188,250.00. Following the sale, the director now directly owns 45,926 shares in the company, valued at $3,458,227.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Tyson Tuttle sold 3,713 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $80.00, for a total value of $297,040.00. Following the completion of the sale, the chief executive officer now owns 204,879 shares in the company, valued at $16,390,320. The disclosure for this sale can be found here. Insiders sold 46,500 shares of company stock worth $3,664,179 over the last quarter. Company insiders own 34.82% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Alps Advisors Inc. increased its stake in shares of Silicon Laboratories by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 6,711 shares of the semiconductor company’s stock valued at $459,000 after purchasing an additional 18 shares during the last quarter. Granite Investment Partners LLC increased its stake in shares of Silicon Laboratories by 0.4% in the 2nd quarter. Granite Investment Partners LLC now owns 9,812 shares of the semiconductor company’s stock valued at $671,000 after purchasing an additional 38 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Silicon Laboratories by 1.0% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,180 shares of the semiconductor company’s stock valued at $422,000 after purchasing an additional 61 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Silicon Laboratories by 0.9% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,811 shares of the semiconductor company’s stock valued at $807,000 after purchasing an additional 100 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Silicon Laboratories by 0.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 16,220 shares of the semiconductor company’s stock valued at $1,109,000 after purchasing an additional 119 shares during the last quarter. Institutional investors o

A number of brokerages have weighed in on SLAB. Barclays PLC upped their price target on Silicon Laboratories from $72.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday. Zacks Investment Research upgraded Silicon Laboratories from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Saturday, October 14th. Stifel Nicolaus upped their price target on Silicon Laboratories from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, October 12th. Canaccord Genuity reiterated a “buy” rating and issued a $95.00 price target (up from $85.00) on shares of Silicon Laboratories in a research report on Tuesday, October 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $85.00 price target on shares of Silicon Laboratories in a research report on Monday, September 18th. Ten analysts have rated the stock with a buy rating, Silicon Laboratories has an average rating of “Buy” and a consensus price target of $88.00.

Shares of Silicon Laboratories (NASDAQ:SLAB) opened at 88.20 on Thursday. The company has a market cap of $3.75 billion, a PE ratio of 52.59 and a beta of 1.28. The stock’s 50 day moving average price is $80.51 and its 200 day moving average price is $74.47. Silicon Laboratories has a one year low of $57.50 and a one year high of $88.85.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.08. Silicon Laboratories had a return on equity of 11.15% and a net margin of 9.88%. The company had revenue of $190.10 million for the quarter, compared to analyst estimates of $186.46 million. During the same quarter last year, the company posted $0.75 EPS. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities analysts predict that Silicon Laboratories will post $3.06 earnings per share for the current fiscal year.

In other Silicon Laboratories news, Director William G. Bock sold 2,500 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $75.30, for a total value of $188,250.00. Following the sale, the director now directly owns 45,926 shares in the company, valued at $3,458,227.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Tyson Tuttle sold 3,713 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $80.00, for a total value of $297,040.00. Following the completion of the sale, the chief executive officer now owns 204,879 shares in the company, valued at $16,390,320. The disclosure for this sale can be found here. Insiders sold 46,500 shares of company stock worth $3,664,179 over the last quarter. Company insiders own 34.82% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Alps Advisors Inc. increased its stake in shares of Silicon Laboratories by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 6,711 shares of the semiconductor company’s stock valued at $459,000 after purchasing an additional 18 shares during the last quarter. Granite Investment Partners LLC increased its stake in shares of Silicon Laboratories by 0.4% in the 2nd quarter. Granite Investment Partners LLC now owns 9,812 shares of the semiconductor company’s stock valued at $671,000 after purchasing an additional 38 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Silicon Laboratories by 1.0% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,180 shares of the semiconductor company’s stock valued at $422,000 after purchasing an additional 61 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Silicon Laboratories by 0.9% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 11,811 shares of the semiconductor company’s stock valued at $807,000 after purchasing an additional 100 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Silicon Laboratories by 0.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 16,220 shares of the semiconductor company’s stock valued at $1,109,000 after purchasing an additional 119 shares during the last quarter. Institutional investors own 88.99% of the company’s stock.

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Silicon Laboratories Company Profile

Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market.

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