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 issued on Saturday morning.

A number of other equities research analysts also recently commented on SLAB. Barclays raised their price objective on shares of Silicon Laboratories from $72.00 to $86.00 and gave the company an overweight rating in a research report on Wednesday, October 18th. Zacks Investment Research downgraded shares of Silicon Laboratories from a buy rating to a hold rating in a research report on Wednesday, September 27th. Canaccord Genuity raised their price objective on shares of Silicon Laboratories from $95.00 to $98.00 and gave the company a buy rating in a research report on Thursday, October 26th. Stifel Nicolaus raised their price objective on shares of Silicon Laboratories from $85.00 to $95.00 and gave the company a buy rating in a research report on Thursday, October 12th. Finally, Needham & Company LLC restated a buy rating and issued a $85.00 price objective on shares of Silicon Laboratories in a research report on Monday, September 18th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $99.44.

Silicon Laboratories (SLAB) opened at $95.15 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. Silicon Laboratories has a twelve month low of $63.15 and a twelve month high of $96.93. The stock has a market capitalization of $4,100.00, a PE ratio of 56.98, a P/E/G ratio of 2.44 and a beta of 1.37.

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

In other news, Director William P. Wood sold 5,000 shares of Silicon Laboratories stock in a transaction that occurred on Friday, November 3rd. The shares were 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 directly owns 30,526 shares in the company, valued at approximately $2,823,655. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William G. Bock sold 2,500 shares of Silicon Laboratories stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $89.24, for a total transaction 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. Over the last quarter, insiders have sold 14,700 shares of company stock valued at $1,337,650. Insiders own 34.82% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Silicon Laboratories by 4.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,446,677 shares of the semiconductor company’s stock valued at $235,581,000 after acquiring an additional 154,654 shares during the period. State Street Corp lifted its position in shares of Silicon Laboratories by 5.1% during the 2nd quarter. State Street Corp now owns 1,520,505 shares of the semiconductor company’s stock valued at $103,925,000 after acquiring an additional 74,439 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Silicon Laboratories by 9.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 920,839 shares of the semiconductor company’s stock valued at $73,574,000 after acquiring an additional 79,247 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Silicon Laboratories by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 895,422 shares of the semiconductor company’s stock valued at $71,546,000 after acquiring an additional 3,229 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Silicon Laboratories by 3.6% during the 2nd quarter. Northern Trust Corp now owns 709,518 shares of the semiconductor company’s stock valued at $48,495,000 after acquiring an additional 24,821 shares during the period. Institutional investors own 90.80% 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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