Silicon Laboratories, Inc. (NASDAQ:SLAB) has been given a consensus rating of “Buy” by the ten research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $100.50.

A number of research analysts have commented on the stock. B. Riley reaffirmed a “buy” rating and issued a $90.00 target price on shares of Silicon Laboratories in a research report on Friday, July 28th. Barclays PLC upped their target price on shares of Silicon Laboratories from $72.00 to $86.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Stifel Nicolaus reaffirmed 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. Zacks Investment Research cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Finally, BidaskClub raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th.

In other Silicon Laboratories news, Director William G. Bock sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $89.24, for a total value of $223,100.00. Following the transaction, the director now directly owns 43,426 shares in the company, valued at $3,875,336.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Tyson Tuttle sold 13,594 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $80.07, for a total transaction of $1,088,471.58. Following the completion of the transaction, the chief executive officer now owns 183,592 shares in the company, valued at $14,700,211.44. The disclosure for this sale can be found here. Insiders have sold 46,700 shares of company stock worth $3,828,729 over the last 90 days. Insiders own 34.82% of the company’s stock.

A number of institutional investors have recently made changes to their positions in SLAB. Capstone Asset Management Co. increased its stake in Silicon Laboratories by 8.6% in the second quarter. Capstone Asset Management Co. now owns 3,280 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 260 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Silicon Laboratories by 4.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 15,359 shares of the semiconductor company’s stock worth $1,050,000 after acquiring an additional 703 shares during the last quarter. LS Investment Advisors LLC grew its position in shares of Silicon Laboratories by 18.0% during the second quarter. LS Investment Advisors LLC now owns 3,355 shares of the semiconductor company’s stock worth $229,000 after acquiring an additional 512 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Silicon Laboratories by 3.8% during the second quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the semiconductor company’s stock worth $752,000 after acquiring an additional 400 shares during the last quarter. Finally, State Treasurer State of Michigan grew its position in shares of Silicon Laboratories by 2.9% during the second quarter. State Treasurer State of Michigan now owns 17,500 shares of the semiconductor company’s stock worth $1,196,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 90.21% of the company’s stock.

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Shares of Silicon Laboratories (SLAB) traded up $1.25 on Monday, hitting $93.45. 218,689 shares of the company were exchanged, compared to its average volume of 281,636. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.66 and a quick ratio of 5.20. Silicon Laboratories has a 12-month low of $61.80 and a 12-month high of $95.55. The stock has a market capitalization of $3,924.51, a price-to-earnings ratio of 40.44, a P/E/G ratio of 2.73 and a beta of 1.40.

Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.09. Silicon Laboratories had a net margin of 9.60% and a return on equity of 11.06%. The company had revenue of $198.70 million for the quarter, compared to analysts’ expectations of $196.20 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. Silicon Laboratories’s revenue for the quarter was up 11.6% compared to the same quarter last year. equities analysts anticipate that Silicon Laboratories will post 2.25 EPS for the current year.

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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