Silicon Laboratories (SLAB) Stock Rating Reaffirmed by Stifel Nicolaus

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.

Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.09. Silicon Laboratories had a return on equity of 11.06% and a net margin of 9.60%. The company had revenue of $198.70 million during the quarter, compared to the consensus estimate of $196.20 million. During the same quarter last year, the company earned $0.77 earnings per share. Silicon Laboratories’s quarterly revenue was up 11.6% compared to the same quarter last year. equities analysts anticipate that Silicon Laboratories will post 2.27 EPS for the current fiscal year.

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.

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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.

Analyst Recommendations for Silicon Laboratories (NASDAQ:SLAB)

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