Silicon Labs (SLAB) Getting Somewhat Favorable Media Coverage, Accern Reports

News coverage about Silicon Labs (NASDAQ:SLAB) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Silicon Labs earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 47.1470779066974 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern Sentiment’s rankings:

Silicon Labs opened at $103.90 on Thursday, MarketBeat.com reports. The company has a quick ratio of 6.21, a current ratio of 6.74 and a debt-to-equity ratio of 0.34. The stock has a market cap of $4.44 billion, a P/E ratio of 44.21, a PEG ratio of 2.60 and a beta of 1.43. Silicon Labs has a 52-week low of $101.80 and a 52-week high of $102.80.

Silicon Labs (NASDAQ:SLAB) last posted its quarterly earnings data on Wednesday, April 25th. The semiconductor company reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.11. The business had revenue of $205.38 million during the quarter, compared to the consensus estimate of $199.33 million. Silicon Labs had a return on equity of 11.67% and a net margin of 7.30%. Silicon Labs’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. research analysts predict that Silicon Labs will post 2.63 earnings per share for the current year.

Several brokerages have issued reports on SLAB. BidaskClub upgraded Silicon Labs from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 5th. Zacks Investment Research upgraded Silicon Labs from a “hold” rating to a “strong-buy” rating and set a $107.00 price target for the company in a report on Wednesday, May 2nd. Needham & Company LLC restated a “buy” rating and issued a $115.00 price target on shares of Silicon Labs in a report on Thursday, April 26th. B. Riley increased their price target on Silicon Labs from $115.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, April 26th. Finally, ValuEngine downgraded Silicon Labs from a “buy” rating to a “hold” rating in a report on Monday, April 23rd. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $108.11.

In other Silicon Labs news, SVP Brandon Tolany sold 9,060 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $91.47, for a total value of $828,718.20. Following the completion of the transaction, the senior vice president now directly owns 44,246 shares in the company, valued at $4,047,181.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Sandeep P. Kumar sold 5,750 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $100.00, for a total value of $575,000.00. Following the completion of the transaction, the senior vice president now owns 41,633 shares of the company’s stock, valued at $4,163,300. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,010 shares of company stock valued at $1,422,678. 1.96% of the stock is owned by corporate insiders.

Silicon Labs 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.

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

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