Silicon Laboratories (NASDAQ:SLAB)‘s stock had its “buy” rating restated by equities researchers at Stifel Nicolaus in a research note issued on Thursday, MarketBeat reports. They currently have a $108.00 target price on the semiconductor company’s stock, up from their previous target price of $100.00. Stifel Nicolaus’ target price would suggest a potential upside of 9.87% from the company’s previous close.
SLAB has been the subject of a number of other research reports. Drexel Hamilton restated a “buy” rating and issued a $103.00 price target (up previously from $85.00) on shares of Silicon Laboratories in a research report on Wednesday, October 25th. Roth Capital raised their price target on Silicon Laboratories from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. BidaskClub cut Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Needham & Company LLC restated a “buy” rating and issued a $110.00 price target on shares of Silicon Laboratories in a research report on Monday, December 11th. Finally, Canaccord Genuity raised their price target on Silicon Laboratories from $95.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $100.89.
Silicon Laboratories (NASDAQ SLAB) traded up $0.45 during trading on Thursday, reaching $98.30. The company’s stock had a trading volume of 309,044 shares, compared to its average volume of 165,519. Silicon Laboratories has a 12 month low of $63.75 and a 12 month high of $99.43. The company has a current ratio of 5.66, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $4,184.14, a P/E ratio of 58.86, a P/E/G ratio of 2.53 and a beta of 1.37.
In related news, Director William P. Wood sold 5,000 shares of Silicon Laboratories stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $92.50, for a total transaction of $462,500.00. Following the completion of the sale, the director now owns 30,526 shares in the company, valued at approximately $2,823,655. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William G. Bock sold 2,500 shares of Silicon Laboratories stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $89.24, for a total value of $223,100.00. Following the sale, the director now owns 43,426 shares of the company’s stock, valued at approximately $3,875,336.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,700 shares of company stock valued at $1,160,750. Company insiders own 34.82% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its position in 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. Quantbot Technologies LP purchased a new stake in Silicon Laboratories during the 2nd quarter worth about $102,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 increased its position in 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, World Asset Management Inc purchased a new stake in Silicon Laboratories during the 3rd quarter worth about $216,000. Hedge funds and other institutional investors own 90.84% of the company’s stock.
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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