Silicon Laboratories, Inc. (SLAB) Receives Consensus Rating of “Buy” from Analysts

Shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) have received an average recommendation of “Buy” from the ten research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $101.13.

Several analysts have recently weighed in on the company. Drexel Hamilton reissued a “buy” rating and set a $103.00 price objective (up previously from $85.00) on shares of Silicon Laboratories in a report on Wednesday, October 25th. Roth Capital lifted their price objective on Silicon Laboratories from $85.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Needham & Company LLC reissued a “buy” rating and set a $110.00 price objective on shares of Silicon Laboratories in a report on Monday. Finally, Canaccord Genuity lifted their price objective on Silicon Laboratories from $95.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, October 26th.

Silicon Laboratories (NASDAQ:SLAB) traded up $2.10 on Friday, reaching $89.65. The company’s stock had a trading volume of 487,599 shares, compared to its average volume of 279,185. The firm has a market cap of $3,730.00, a price-to-earnings ratio of 38.92, a P/E/G ratio of 2.62 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 has a 12-month low of $63.15 and a 12-month high of $96.93.

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

In related news, CFO John C. Hollister sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $78.45, for a total transaction of $156,900.00. Following the completion of the transaction, the chief financial officer now owns 66,767 shares in the company, valued at approximately $5,237,871.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William P. Wood sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $92.50, for a total value of $462,500.00. Following the transaction, the director now owns 30,526 shares of the company’s stock, valued at approximately $2,823,655. The disclosure for this sale can be found here. Insiders have sold a total of 46,700 shares of company stock valued at $3,902,829 in the last 90 days. 34.82% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the stock. Alps Advisors Inc. lifted its position 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 worth $459,000 after buying an additional 18 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position 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 worth $422,000 after buying an additional 61 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its position 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 worth $807,000 after buying an additional 100 shares during the period. Ameritas Investment Partners Inc. lifted its position 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 worth $1,109,000 after buying an additional 119 shares during the period. Finally, 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 period. Institutional investors and hedge funds own 90.81% of the company’s stock.

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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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