Silicon Laboratories (NASDAQ:SLAB) Price Target Raised to $110.00 at Susquehanna

Silicon Laboratories (NASDAQ:SLAB) had its price objective boosted by Susquehanna from $100.00 to $110.00 in a report released on Wednesday,Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

Several other brokerages also recently issued reports on SLAB. Barclays lowered their price objective on shares of Silicon Laboratories from $120.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price target on shares of Silicon Laboratories in a report on Wednesday. KeyCorp boosted their price objective on shares of Silicon Laboratories from $115.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. StockNews.com lowered shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a research report on Thursday, March 27th. Finally, Stifel Nicolaus decreased their target price on Silicon Laboratories from $145.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $126.50.

Silicon Laboratories Stock Down 0.4%

SLAB opened at $132.97 on Wednesday. The stock’s 50 day moving average price is $108.59 and its two-hundred day moving average price is $120.81. The firm has a market capitalization of $4.32 billion, a P/E ratio of -22.39 and a beta of 1.36. Silicon Laboratories has a 12-month low of $82.82 and a 12-month high of $160.00.

Insider Buying and Selling at Silicon Laboratories

In related news, Director William G. Bock sold 1,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $149.43, for a total value of $149,430.00. Following the completion of the transaction, the director now owns 31,115 shares of the company’s stock, valued at $4,649,514.45. This represents a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christy Wyatt sold 546 shares of Silicon Laboratories stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $104.45, for a total value of $57,029.70. Following the sale, the director now directly owns 8,492 shares in the company, valued at $886,989.40. The trade was a 6.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,718 shares of company stock valued at $358,820 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Silicon Laboratories

Several large investors have recently modified their holdings of the stock. Coldstream Capital Management Inc. lifted its position in shares of Silicon Laboratories by 2.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,473 shares of the semiconductor company’s stock worth $307,000 after buying an additional 68 shares during the period. Jones Financial Companies Lllp raised its stake in Silicon Laboratories by 44.5% during the fourth quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 69 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Silicon Laboratories by 1.8% during the fourth quarter. Pacer Advisors Inc. now owns 4,839 shares of the semiconductor company’s stock valued at $601,000 after acquiring an additional 87 shares during the period. Cooper Financial Group boosted its stake in shares of Silicon Laboratories by 1.9% in the 1st quarter. Cooper Financial Group now owns 5,354 shares of the semiconductor company’s stock valued at $603,000 after purchasing an additional 98 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of Silicon Laboratories by 1.1% in the 4th quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the semiconductor company’s stock worth $1,118,000 after purchasing an additional 100 shares during the last quarter.

Silicon Laboratories Company Profile

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, and internationally. The company's products include wireless microcontrollers and sensor products. Its products are used in various electronic products in a range of applications for the industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.