Silicon Laboratories (NASDAQ:SLAB) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday.
Other analysts have also issued research reports about the company. 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 research note on Tuesday, October 10th. B. Riley upped their price objective on Silicon Laboratories from $90.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Barclays upped their price objective on Silicon Laboratories from $72.00 to $86.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Finally, Roth Capital upped their price objective on Silicon Laboratories from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, December 11th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $99.44.
Silicon Laboratories (NASDAQ:SLAB) traded up $0.50 on Friday, reaching $94.75. The company had a trading volume of 209,676 shares, compared to its average volume of 185,086. 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 $4,011.76, a price-to-earnings ratio of 56.74, a PEG ratio of 2.43 and a beta of 1.37. The company has a quick ratio of 5.20, a current ratio of 5.66 and a debt-to-equity ratio of 0.40.
In other news, Director William P. Wood sold 5,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $92.50, for a total transaction of $462,500.00. Following the transaction, the director now owns 30,526 shares in the company, valued at $2,823,655. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO John C. Hollister sold 2,000 shares of the stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $88.45, for a total value of $176,900.00. Following the transaction, the chief financial officer now owns 64,767 shares in the company, valued at approximately $5,728,641.15. The disclosure for this sale can be found here. Insiders sold 14,700 shares of company stock worth $1,337,650 in the last 90 days. Corporate insiders own 34.82% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in shares of Silicon Laboratories during the second quarter worth approximately $102,000. Advisors Asset Management Inc. increased its stake in shares of Silicon Laboratories by 75.1% during the third 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Silicon Laboratories by 10.0% during the second 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 during the period. Riverhead Capital Management LLC increased its stake in shares of Silicon Laboratories by 76.7% during the second 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 during the period. Finally, BT Investment Management Ltd bought a new position in shares of Silicon Laboratories during the second quarter worth approximately $202,000. Institutional investors own 90.80% of the company’s stock.
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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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