Favorable News Coverage Somewhat Unlikely to Affect Silicon Laboratories (SLAB) Stock Price

News headlines about Silicon Laboratories (NASDAQ:SLAB) have been trending positive recently, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Silicon Laboratories earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 46.1523423870826 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern’s rankings:

Several equities analysts have recently commented on the stock. Drexel Hamilton restated a “buy” rating and issued a $103.00 price objective (up from $85.00) on shares of Silicon Laboratories in a report on Wednesday, October 25th. Roth Capital upped their target price on shares of Silicon Laboratories from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Zacks Investment Research downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. BidaskClub cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Needham & Company LLC restated a “buy” rating and issued a $85.00 target price on shares of Silicon Laboratories in a report on Monday, September 18th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $99.44.

Silicon Laboratories (NASDAQ:SLAB) traded down $2.18 on Thursday, hitting $92.97. 250,800 shares of the company traded hands, compared to its average volume of 214,257. 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 twelve month low of $63.15 and a twelve month high of $96.93. The firm has a market capitalization of $4,050.00, a PE ratio of 55.67, a PEG ratio of 2.44 and a beta of 1.37.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.09. The firm 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%. Silicon Laboratories’s revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 earnings per share. research analysts expect that Silicon Laboratories will post 2.27 earnings per share for the current year.

In related news, Director William P. Wood sold 5,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $92.50, for a total value of $462,500.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John C. Hollister sold 2,000 shares of the company’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $88.45, for a total transaction of $176,900.00. Following the completion of the sale, the chief financial officer now directly owns 64,767 shares of the company’s stock, valued at approximately $5,728,641.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,700 shares of company stock valued at $1,337,650. Insiders own 34.82% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Silicon Laboratories (NASDAQ:SLAB)

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