Silicon Laboratories (NASDAQ:SLAB) Given Average Rating of “Hold” by Analysts

Shares of Silicon Laboratories (NASDAQ:SLAB) have received an average rating of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $110.00.

A number of equities research analysts recently weighed in on the company. Wells Fargo & Co assumed coverage on Silicon Laboratories in a report on Tuesday, June 25th. They issued an “outperform” rating and a $125.00 price target on the stock. ValuEngine cut Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Roth Capital upped their price target on Silicon Laboratories from $120.00 to $130.00 in a report on Thursday, July 25th. Benchmark assumed coverage on Silicon Laboratories in a report on Tuesday, July 23rd. They issued a “buy” rating and a $120.00 price target on the stock. Finally, BidaskClub upgraded Silicon Laboratories from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th.

In related news, SVP Brandon Tolany sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $113.94, for a total value of $113,940.00. Following the sale, the senior vice president now owns 48,758 shares of the company’s stock, valued at approximately $5,555,486.52. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO George Tyson Tuttle sold 36,813 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $112.86, for a total value of $4,154,715.18. Following the completion of the sale, the chief executive officer now directly owns 212,779 shares in the company, valued at approximately $24,014,237.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,813 shares of company stock worth $5,472,005. 2.10% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC lifted its stake in Silicon Laboratories by 7.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 41,677 shares of the semiconductor company’s stock valued at $4,309,000 after buying an additional 3,023 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Silicon Laboratories by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 4,124,421 shares of the semiconductor company’s stock worth $426,465,000 after purchasing an additional 20,836 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Silicon Laboratories by 10.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 27,419 shares of the semiconductor company’s stock worth $2,835,000 after purchasing an additional 2,596 shares during the period. Stephens Investment Management Group LLC lifted its stake in shares of Silicon Laboratories by 0.7% during the 2nd quarter. Stephens Investment Management Group LLC now owns 450,434 shares of the semiconductor company’s stock worth $46,575,000 after purchasing an additional 3,064 shares during the period. Finally, Aperio Group LLC lifted its stake in shares of Silicon Laboratories by 53.4% during the 2nd quarter. Aperio Group LLC now owns 15,418 shares of the semiconductor company’s stock worth $1,594,000 after purchasing an additional 5,370 shares during the period. 93.18% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ SLAB traded up $0.97 on Monday, hitting $109.62. 7,899 shares of the company’s stock were exchanged, compared to its average volume of 293,911. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.47 and a quick ratio of 5.91. The firm’s 50-day moving average price is $110.59 and its two-hundred day moving average price is $102.88. Silicon Laboratories has a fifty-two week low of $73.13 and a fifty-two week high of $115.29. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 38.33, a P/E/G ratio of 3.32 and a beta of 1.52.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $206.71 million for the quarter, compared to analysts’ expectations of $206.57 million. Silicon Laboratories had a return on equity of 9.97% and a net margin of 3.84%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. On average, research analysts predict that Silicon Laboratories will post 2.07 earnings per share for the current fiscal year.

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, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as 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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Analyst Recommendations for Silicon Laboratories (NASDAQ:SLAB)

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