BidaskClub cut shares of Silicon Laboratories (NASDAQ:SLAB) from a strong-buy rating to a buy rating in a research note released on Friday.
SLAB has been the subject of several other reports. Benchmark began coverage on Silicon Laboratories in a research report on Friday, April 6th. They issued a buy rating and a $120.00 price target for the company. Zacks Investment Research upgraded Silicon Laboratories from a sell rating to a hold rating in a research report on Thursday, April 5th. Roth Capital boosted their target price on Silicon Laboratories from $110.00 to $125.00 and gave the stock a buy rating in a research report on Monday, June 11th. Stifel Nicolaus boosted their target price on Silicon Laboratories from $110.00 to $120.00 and gave the stock a buy rating in a research report on Friday, June 15th. Finally, ValuEngine upgraded Silicon Laboratories from a hold rating to a buy rating in a research report on Thursday, April 12th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Silicon Laboratories has an average rating of Buy and an average price target of $112.82.
Shares of NASDAQ SLAB opened at $103.75 on Friday. The firm has a market capitalization of $4.54 billion, a PE ratio of 44.15, a P/E/G ratio of 2.66 and a beta of 1.44. Silicon Laboratories has a fifty-two week low of $66.35 and a fifty-two week high of $110.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.74 and a quick ratio of 6.21.
Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Wednesday, April 25th. The semiconductor company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.11. The company had revenue of $205.38 million during the quarter, compared to analysts’ expectations of $199.33 million. Silicon Laboratories had a return on equity of 11.67% and a net margin of 7.30%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 earnings per share. equities research analysts predict that Silicon Laboratories will post 2.63 earnings per share for the current year.
In other Silicon Laboratories news, Director Nina Richardson sold 1,351 shares of Silicon Laboratories stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $106.25, for a total transaction of $143,543.75. Following the completion of the sale, the director now owns 4,845 shares of the company’s stock, valued at $514,781.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jack R. Lazar sold 4,750 shares of Silicon Laboratories stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $108.23, for a total value of $514,092.50. Following the sale, the director now directly owns 13,101 shares of the company’s stock, valued at approximately $1,417,921.23. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,211 shares of company stock valued at $2,058,121. 1.96% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of SLAB. M&T Bank Corp bought a new stake in Silicon Laboratories during the fourth quarter worth about $202,000. Amundi Pioneer Asset Management Inc. bought a new stake in Silicon Laboratories during the fourth quarter worth about $203,000. Lido Advisors LLC bought a new stake in Silicon Laboratories during the first quarter worth about $207,000. First Republic Investment Management Inc. bought a new stake in Silicon Laboratories during the fourth quarter worth about $220,000. Finally, Zeke Capital Advisors LLC bought a new stake in Silicon Laboratories during the first quarter worth about $238,000. 89.85% of the stock is owned by hedge funds and other institutional investors.
Silicon Laboratories Company Profile
Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, such as 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, including multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.
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