Silicon Laboratories (NASDAQ:SLAB) had its target price increased by Roth Capital from $100.00 to $105.00 in a note issued to investors on Monday. The firm currently has a “buy” rating on the semiconductor company’s stock. Roth Capital’s price objective suggests a potential upside of 17.52% from the company’s previous close.

A number of other research firms have also weighed in on SLAB. Canaccord Genuity reiterated a “buy” rating and issued a $95.00 price target (up previously from $85.00) on shares of Silicon Laboratories in a research report on Tuesday, October 10th. B. Riley increased their price target on Silicon Laboratories from $90.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. BidaskClub upgraded Silicon Laboratories from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Finally, Barclays increased 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, October 18th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $99.44.

Shares of Silicon Laboratories (SLAB) traded down $0.85 during mid-day trading on Monday, reaching $89.35. The company had a trading volume of 290,700 shares, compared to its average volume of 279,936. Silicon Laboratories has a fifty-two week low of $63.15 and a fifty-two week high of $96.93. The company has a market capitalization of $3,803.20, a PE ratio of 39.19, a P/E/G ratio of 2.64 and a beta of 1.37. 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 (NASDAQ:SLAB) last announced its earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.09. Silicon Laboratories had a return on equity of 11.06% and a net margin of 9.60%. The business had revenue of $198.70 million during the quarter, compared to analysts’ expectations of $196.20 million. During the same quarter last year, the business posted $0.77 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis. sell-side analysts expect that Silicon Laboratories will post 2.25 EPS for the current year.

In other news, CEO George Tyson Tuttle sold 3,713 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $80.00, for a total transaction of $297,040.00. Following the completion of the sale, the chief executive officer now directly owns 204,879 shares of the company’s stock, valued at approximately $16,390,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John C. Hollister sold 2,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $78.45, for a total value of $156,900.00. Following the sale, the chief financial officer now directly owns 66,767 shares of the company’s stock, valued at $5,237,871.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,700 shares of company stock valued at $3,902,829. Company insiders own 34.82% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in shares of Silicon Laboratories during the 2nd quarter worth about $102,000. Advisors Asset Management Inc. raised its stake 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 purchasing an additional 554 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 purchasing an additional 148 shares in the last quarter. Riverhead Capital Management LLC raised its stake 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 purchasing an additional 997 shares in the last quarter. Finally, BT Investment Management Ltd purchased a new stake in shares of Silicon Laboratories during the 2nd quarter worth about $202,000. 90.81% of the stock is owned by institutional investors.

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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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