Silicon Laboratories (SLAB) Given “Buy” Rating at B. Riley

Silicon Laboratories (NASDAQ:SLAB)‘s stock had its “buy” rating reiterated by analysts at B. Riley in a research report issued to clients and investors on Monday.

Several other research firms have also recently issued reports on SLAB. Canaccord Genuity lifted their price objective on shares of Silicon Laboratories from $95.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Needham & Company LLC lifted their price objective on shares of Silicon Laboratories from $85.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Drexel Hamilton reaffirmed a “buy” rating and set a $103.00 price objective (up from $85.00) on shares of Silicon Laboratories in a research report on Wednesday, October 25th. Roth Capital lifted their price objective on shares of Silicon Laboratories from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Finally, Zacks Investment Research raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Saturday, October 14th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $100.89.

Shares of Silicon Laboratories (NASDAQ:SLAB) traded down $1.20 during mid-day trading on Monday, reaching $98.80. 133,134 shares of the company’s stock traded hands, compared to its average volume of 229,036. 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 52 week low of $64.60 and a 52 week high of $100.00. The stock has a market cap of $4,256.51, a PE ratio of 59.40, a PEG ratio of 2.58 and a beta of 1.37.

In related news, Director William P. Wood sold 5,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $92.50, for a total transaction of $462,500.00. Following the sale, the director now owns 30,526 shares of the company’s stock, valued at $2,823,655. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William G. Bock sold 2,500 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $89.24, for a total transaction of $223,100.00. Following the sale, the director now directly owns 43,426 shares in the company, valued at approximately $3,875,336.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,700 shares of company stock worth $1,160,750. Company insiders own 34.82% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its holdings in Silicon Laboratories by 86.1% during the fourth quarter. SG Americas Securities LLC now owns 24,930 shares of the semiconductor company’s stock worth $2,201,000 after buying an additional 11,537 shares in the last quarter. Syntal Capital Partners LLC purchased a new stake in shares of Silicon Laboratories in the fourth quarter valued at about $4,256,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Silicon Laboratories by 3.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 248,785 shares of the semiconductor company’s stock valued at $21,968,000 after purchasing an additional 8,346 shares in the last quarter. Copper Rock Capital Partners LLC lifted its holdings in shares of Silicon Laboratories by 3.6% in the fourth quarter. Copper Rock Capital Partners LLC now owns 449,848 shares of the semiconductor company’s stock valued at $40,014,000 after purchasing an additional 15,594 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Silicon Laboratories by 2,162.2% in the third quarter. Public Employees Retirement System of Ohio now owns 41,693 shares of the semiconductor company’s stock valued at $3,331,000 after purchasing an additional 39,850 shares in the last quarter. 90.68% of the stock is currently owned by hedge funds and other institutional investors.

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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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