Shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) have received a consensus rating of “Buy” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $101.57.

A number of equities research analysts recently issued reports on SLAB shares. Needham & Company LLC reissued a “buy” rating and issued a $85.00 price target on shares of Silicon Laboratories in a research note on Monday, September 18th. Zacks Investment Research cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Canaccord Genuity reissued a “buy” rating and issued a $95.00 price target (up previously from $85.00) on shares of Silicon Laboratories in a research note on Tuesday, October 10th. Stifel Nicolaus lifted their price target on shares of Silicon Laboratories from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, October 12th. Finally, Barclays lifted their price target on shares of Silicon Laboratories from $72.00 to $86.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th.

In other news, Director William P. Wood sold 5,000 shares of Silicon Laboratories stock in a transaction 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 approximately $2,823,655. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John C. Hollister sold 2,000 shares of Silicon Laboratories stock in a transaction 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. In the last ninety days, insiders have sold 14,700 shares of company stock worth $1,337,650. 34.82% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of SLAB. Quantbot Technologies LP purchased a new position in shares of Silicon Laboratories during the 2nd quarter worth $102,000. Advisors Asset Management Inc. raised its holdings 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 acquiring an additional 554 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings 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 acquiring an additional 148 shares during the period. Riverhead Capital Management LLC raised its holdings 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 acquiring an additional 997 shares during the period. Finally, BT Investment Management Ltd purchased a new position in shares of Silicon Laboratories during the 2nd quarter worth $202,000. Institutional investors and hedge funds own 90.80% of the company’s stock.

Shares of Silicon Laboratories (SLAB) traded down $1.20 during midday trading on Tuesday, hitting $95.15. 266,926 shares of the stock were exchanged, compared to its average volume of 208,167. The firm has a market cap of $4,100.00, a PE ratio of 56.98, a price-to-earnings-growth ratio of 2.44 and a beta of 1.37. Silicon Laboratories has a twelve month low of $63.15 and a twelve month high of $96.93. The company has a quick ratio of 5.20, a current ratio of 5.66 and a debt-to-equity ratio of 0.40.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.09. The business had revenue of $198.70 million for the quarter, compared to analysts’ expectations of $196.20 million. Silicon Laboratories had a net margin of 9.60% and a return on equity of 11.06%. The business’s revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the company earned $0.77 EPS. equities analysts forecast that Silicon Laboratories will post 2.27 EPS for the current year.

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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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