Silicon Laboratories, Inc. (NASDAQ:SLAB) had its target price hoisted by stock analysts at Roth Capital from $85.00 to $100.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Roth Capital’s price objective would indicate a potential upside of 13.06% from the company’s current price.

Several other research firms have also recently weighed in on SLAB. BidaskClub cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Needham & Company LLC reiterated a “buy” rating and issued a $85.00 target price (up previously from $80.00) on shares of Silicon Laboratories in a research report on Thursday, July 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 target price (up previously from $82.00) on shares of Silicon Laboratories in a research report on Thursday, July 27th. B. Riley reiterated a “buy” rating and issued a $90.00 target price on shares of Silicon Laboratories in a research report on Friday, July 28th. Finally, Zacks Investment Research upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research report on Thursday, August 3rd. Eleven investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $89.20.

Silicon Laboratories (NASDAQ SLAB) traded up 0.45% during midday trading on Tuesday, hitting $88.45. 326,754 shares of the stock were exchanged. The firm’s 50-day moving average price is $81.56 and its 200 day moving average price is $74.87. The firm has a market capitalization of $3.76 billion, a P/E ratio of 52.74 and a beta of 1.28. Silicon Laboratories has a 1-year low of $57.50 and a 1-year high of $89.30.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $190.10 million during the quarter, compared to the consensus estimate of $186.46 million. During the same period last year, the firm earned $0.75 EPS. Silicon Laboratories’s revenue for the quarter was up 8.7% on a year-over-year basis. Analysts expect that Silicon Laboratories will post $3.06 earnings per share for the current fiscal year.

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In other Silicon Laboratories news, CEO George Tyson Tuttle sold 3,713 shares of the firm’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 sale, the chief executive officer now owns 204,879 shares of the company’s stock, valued at approximately $16,390,320. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO John C. Hollister sold 2,000 shares of the firm’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $88.45, for a total transaction of $176,900.00. Following the completion of the sale, the chief financial officer now directly owns 64,767 shares in the company, valued at approximately $5,728,641.15. The disclosure for this sale can be found here. In the last three months, insiders sold 48,500 shares of company stock worth $3,841,079. Insiders own 34.82% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. boosted its stake in shares of Silicon Laboratories by 0.3% during 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 in the last quarter. Granite Investment Partners LLC boosted its stake in shares of Silicon Laboratories by 0.4% during 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 in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Silicon Laboratories by 1.0% during 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 in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Silicon Laboratories by 0.9% during 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 in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Silicon Laboratories by 0.7% during 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 in the last quarter. 89.64% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Silicon Laboratories (NASDAQ:SLAB)

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