BidaskClub upgraded shares of Silicon Laboratories (NASDAQ:SLAB) from a hold rating to a buy rating in a research note released on Saturday, January 6th.
A number of other research analysts have also recently weighed in on SLAB. Needham & Company LLC restated a buy rating and issued a $85.00 price objective on shares of Silicon Laboratories in a report on Monday, September 18th. Zacks Investment Research cut shares of Silicon Laboratories from a buy rating to a hold rating in a report on Tuesday, September 19th. Canaccord Genuity restated a buy rating and issued a $95.00 price objective (up previously from $85.00) on shares of Silicon Laboratories in a report on Tuesday, October 10th. Stifel Nicolaus lifted their price objective on shares of Silicon Laboratories from $85.00 to $95.00 and gave the company a buy rating in a report on Thursday, October 12th. Finally, Barclays lifted their price objective on shares of Silicon Laboratories from $72.00 to $86.00 and gave the company an overweight rating in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $99.44.
Shares of Silicon Laboratories (NASDAQ:SLAB) opened at $95.30 on Friday. Silicon Laboratories has a 12-month low of $63.75 and a 12-month high of $96.95. The firm has a market cap of $4,047.95, a PE ratio of 57.07, a price-to-earnings-growth ratio of 2.45 and a beta of 1.37. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.66.
Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.09. Silicon Laboratories had a net margin of 9.60% and a return on equity of 11.06%. The business had revenue of $198.70 million during the quarter, compared to analysts’ expectations of $196.20 million. During the same period last year, the business earned $0.77 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. equities research analysts anticipate that Silicon Laboratories will post 2.27 EPS for the current year.
In related news, Director William P. Wood sold 5,000 shares of Silicon Laboratories stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $92.50, for a total value of $462,500.00. Following the completion of the transaction, the director now owns 30,526 shares in the company, valued at $2,823,655. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William G. Bock sold 2,500 shares of Silicon Laboratories stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $89.24, for a total transaction of $223,100.00. Following the completion of the transaction, the director now owns 43,426 shares of the company’s stock, valued at approximately $3,875,336.24. The disclosure for this sale can be found here. Insiders sold 12,700 shares of company stock valued at $1,160,750 in the last quarter. 34.82% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in shares of Silicon Laboratories during the 2nd quarter worth approximately $102,000. Advisors Asset Management Inc. lifted its position in shares of Silicon Laboratories by 75.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,292 shares of the semiconductor company’s stock worth $103,000 after buying an additional 554 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Silicon Laboratories by 10.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,623 shares of the semiconductor company’s stock worth $111,000 after buying an additional 148 shares during the last quarter. Riverhead Capital Management LLC lifted its position in shares of Silicon Laboratories by 76.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,297 shares of the semiconductor company’s stock worth $157,000 after buying an additional 997 shares during the last quarter. Finally, BT Investment Management Ltd purchased a new stake in shares of Silicon Laboratories during the 2nd quarter worth approximately $202,000. Institutional investors and hedge funds own 90.84% of the company’s stock.
About Silicon Laboratories
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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