Silicon Laboratories (SLAB) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Silicon Laboratories (NASDAQ:SLAB) from a hold rating to a buy rating in a report published on Saturday, January 6th.

Several other brokerages also recently issued reports on SLAB. Canaccord Genuity restated a buy rating and issued a $95.00 price objective (up from $85.00) on shares of Silicon Laboratories in a research report on Tuesday, October 10th. B. Riley upped their price objective on Silicon Laboratories from $90.00 to $115.00 and gave the company a buy rating in a research report on Thursday, October 26th. Zacks Investment Research downgraded Silicon Laboratories from a buy rating to a hold rating in a research report on Tuesday, September 19th. Barclays upped their price objective on Silicon Laboratories from $72.00 to $86.00 and gave the company an overweight rating in a research report on Wednesday, October 18th. Finally, Roth Capital upped their target price on Silicon Laboratories from $100.00 to $105.00 and gave the company a buy rating in a research note on Monday, December 11th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $99.44.

Shares of Silicon Laboratories (SLAB) opened at $95.10 on Friday. 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 company has a market capitalization of $4,047.95, a price-to-earnings ratio of 56.95, a price-to-earnings-growth ratio of 2.45 and a beta of 1.37. Silicon Laboratories has a 12-month low of $63.15 and a 12-month high of $96.93.

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

In other Silicon Laboratories news, 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 in the company, valued at $5,728,641.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William G. Bock sold 2,500 shares of the company’s 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 $3,875,336.24. The disclosure for this sale can be found here. Insiders have sold 14,700 shares of company stock valued at $1,337,650 over the last 90 days. 34.82% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the company. Copper Rock Capital Partners LLC grew its stake 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 buying an additional 15,594 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake 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 buying an additional 39,850 shares in the last quarter. GSA Capital Partners LLP grew its stake in shares of Silicon Laboratories by 15.1% in the third quarter. GSA Capital Partners LLP now owns 13,126 shares of the semiconductor company’s stock valued at $1,049,000 after buying an additional 1,720 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Silicon Laboratories by 74.5% in the third quarter. Sterling Capital Management LLC now owns 31,850 shares of the semiconductor company’s stock valued at $2,545,000 after buying an additional 13,598 shares in the last quarter. Finally, Neuberger Berman Group LLC acquired a new stake in shares of Silicon Laboratories in the third quarter valued at about $274,000. Institutional investors and hedge funds 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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