Silicon Laboratories, Inc. (NASDAQ:SLAB) Price Target Increased to $95.00 by Analysts at Stifel Nicolaus

Silicon Laboratories, Inc. (NASDAQ:SLAB) had its price target lifted by Stifel Nicolaus from $85.00 to $95.00 in a report published on Thursday, October 12th, Marketbeat Ratings reports. Stifel Nicolaus currently has a buy rating on the semiconductor company’s stock.

A number of other research firms also recently weighed in on SLAB. Canaccord Genuity reaffirmed a buy rating and issued a $95.00 price target (up from $85.00) on shares of Silicon Laboratories in a research note on Tuesday, October 10th. Zacks Investment Research raised shares of Silicon Laboratories from a hold rating to a buy rating and set a $88.00 price target on the stock in a research note on Wednesday, September 20th. Needham & Company LLC reaffirmed a buy rating and issued a $85.00 price target on shares of Silicon Laboratories in a research note on Monday, September 18th. BidaskClub raised shares of Silicon Laboratories from a hold rating to a buy rating in a research note on Wednesday, August 16th. Finally, B. Riley reiterated a buy rating and issued a $90.00 price objective on shares of Silicon Laboratories in a report on Friday, July 28th. Ten research analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and a consensus price target of $88.00.

Shares of Silicon Laboratories (SLAB) traded up 0.06% on Thursday, reaching $88.30. The company had a trading volume of 146,102 shares. The firm has a market capitalization of $3.76 billion, a P/E ratio of 52.65 and a beta of 1.28. The company’s 50-day moving average price is $81.24 and its 200 day moving average price is $74.68. Silicon Laboratories has a 52 week low of $57.50 and a 52 week high of $89.30.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.08. Silicon Laboratories had a net margin of 9.88% and a return on equity of 11.15%. The business had revenue of $190.10 million for the quarter, compared to the consensus estimate of $186.46 million. During the same period in the prior year, the business posted $0.75 earnings per share. Silicon Laboratories’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, analysts expect that Silicon Laboratories will post $3.06 EPS for the current year.

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In other Silicon Laboratories news, Director William G. Bock sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $75.30, for a total value of $188,250.00. Following the transaction, the director now directly owns 45,926 shares of the company’s stock, valued at $3,458,227.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William P. Wood sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $76.35, for a total transaction of $381,750.00. Following the completion of the transaction, the director now directly owns 30,526 shares in the company, valued at $2,330,660.10. The disclosure for this sale can be found here. Insiders have sold 48,500 shares of company stock worth $3,841,079 over the last three months. 34.82% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in SLAB. Karp Capital Management Corp bought a new position in Silicon Laboratories in the first quarter valued at approximately $417,000. Parametric Portfolio Associates LLC boosted its stake in Silicon Laboratories by 1.6% in the first quarter. Parametric Portfolio Associates LLC now owns 84,997 shares of the semiconductor company’s stock valued at $6,252,000 after acquiring an additional 1,353 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Silicon Laboratories by 160.7% in the first quarter. JPMorgan Chase & Co. now owns 114,033 shares of the semiconductor company’s stock valued at $8,387,000 after acquiring an additional 70,286 shares during the last quarter. Stifel Financial Corp boosted its stake in Silicon Laboratories by 16.2% in the first quarter. Stifel Financial Corp now owns 5,515 shares of the semiconductor company’s stock valued at $405,000 after acquiring an additional 769 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Silicon Laboratories by 300.9% in the first quarter. SG Americas Securities LLC now owns 7,204 shares of the semiconductor company’s

A number of other research firms also recently weighed in on SLAB. Canaccord Genuity reaffirmed a buy rating and issued a $95.00 price target (up from $85.00) on shares of Silicon Laboratories in a research note on Tuesday, October 10th. Zacks Investment Research raised shares of Silicon Laboratories from a hold rating to a buy rating and set a $88.00 price target on the stock in a research note on Wednesday, September 20th. Needham & Company LLC reaffirmed a buy rating and issued a $85.00 price target on shares of Silicon Laboratories in a research note on Monday, September 18th. BidaskClub raised shares of Silicon Laboratories from a hold rating to a buy rating in a research note on Wednesday, August 16th. Finally, B. Riley reiterated a buy rating and issued a $90.00 price objective on shares of Silicon Laboratories in a report on Friday, July 28th. Ten research analysts have rated the stock with a buy rating, The company presently has a consensus rating of Buy and a consensus price target of $88.00.

Shares of Silicon Laboratories (SLAB) traded up 0.06% on Thursday, reaching $88.30. The company had a trading volume of 146,102 shares. The firm has a market capitalization of $3.76 billion, a P/E ratio of 52.65 and a beta of 1.28. The company’s 50-day moving average price is $81.24 and its 200 day moving average price is $74.68. Silicon Laboratories has a 52 week low of $57.50 and a 52 week high of $89.30.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.08. Silicon Laboratories had a net margin of 9.88% and a return on equity of 11.15%. The business had revenue of $190.10 million for the quarter, compared to the consensus estimate of $186.46 million. During the same period in the prior year, the business posted $0.75 earnings per share. Silicon Laboratories’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, analysts expect that Silicon Laboratories will post $3.06 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Silicon Laboratories, Inc. (NASDAQ:SLAB) Price Target Increased to $95.00 by Analysts at Stifel Nicolaus” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/23/silicon-laboratories-inc-slab-pt-raised-to-95-00.html.

In other Silicon Laboratories news, Director William G. Bock sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $75.30, for a total value of $188,250.00. Following the transaction, the director now directly owns 45,926 shares of the company’s stock, valued at $3,458,227.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William P. Wood sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $76.35, for a total transaction of $381,750.00. Following the completion of the transaction, the director now directly owns 30,526 shares in the company, valued at $2,330,660.10. The disclosure for this sale can be found here. Insiders have sold 48,500 shares of company stock worth $3,841,079 over the last three months. 34.82% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in SLAB. Karp Capital Management Corp bought a new position in Silicon Laboratories in the first quarter valued at approximately $417,000. Parametric Portfolio Associates LLC boosted its stake in Silicon Laboratories by 1.6% in the first quarter. Parametric Portfolio Associates LLC now owns 84,997 shares of the semiconductor company’s stock valued at $6,252,000 after acquiring an additional 1,353 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Silicon Laboratories by 160.7% in the first quarter. JPMorgan Chase & Co. now owns 114,033 shares of the semiconductor company’s stock valued at $8,387,000 after acquiring an additional 70,286 shares during the last quarter. Stifel Financial Corp boosted its stake in Silicon Laboratories by 16.2% in the first quarter. Stifel Financial Corp now owns 5,515 shares of the semiconductor company’s stock valued at $405,000 after acquiring an additional 769 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Silicon Laboratories by 300.9% in the first quarter. SG Americas Securities LLC now owns 7,204 shares of the semiconductor company’s stock valued at $530,000 after acquiring an additional 5,407 shares during the last quarter. 88.99% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Silicon Laboratories (NASDAQ:SLAB)

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