Silicon Labs (SLAB) Given Average Recommendation of “Buy” by Analysts

Silicon Labs (NASDAQ:SLAB) has been given an average rating of “Buy” by the ten ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $104.50.

SLAB has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Silicon Labs from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. B. Riley reiterated a “buy” rating on shares of Silicon Labs in a research note on Monday, January 29th. Stifel Nicolaus reiterated a “buy” rating and issued a $108.00 target price (up from $100.00) on shares of Silicon Labs in a research note on Thursday, January 18th. Needham & Company LLC reiterated a “buy” rating and issued a $115.00 target price (up from $110.00) on shares of Silicon Labs in a research note on Thursday, February 1st. Finally, BidaskClub upgraded shares of Silicon Labs from a “hold” rating to a “buy” rating in a research note on Saturday, January 6th.

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Shares of SLAB stock traded up $2.10 during trading on Friday, reaching $89.90. 246,894 shares of the company’s stock traded hands, compared to its average volume of 231,387. The stock has a market capitalization of $3,881.07, a P/E ratio of 38.26, a PEG ratio of 2.38 and a beta of 1.38. The company has a current ratio of 5.84, a quick ratio of 5.39 and a debt-to-equity ratio of 0.36. Silicon Labs has a 1 year low of $66.35 and a 1 year high of $101.90.

Silicon Labs (NASDAQ:SLAB) last announced its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.07. The company had revenue of $201.02 million for the quarter, compared to analysts’ expectations of $197.93 million. Silicon Labs had a net margin of 6.12% and a return on equity of 11.11%. Silicon Labs’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. equities analysts predict that Silicon Labs will post 2.52 EPS for the current year.

In other news, SVP Brandon Tolany sold 18,235 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $95.00, for a total value of $1,732,325.00. Following the transaction, the senior vice president now owns 69,501 shares of the company’s stock, valued at approximately $6,602,595. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Sandeep P. Kumar sold 5,750 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $100.00, for a total transaction of $575,000.00. Following the completion of the transaction, the senior vice president now directly owns 41,633 shares in the company, valued at approximately $4,163,300. The disclosure for this sale can be found here. Insiders sold a total of 35,676 shares of company stock worth $3,378,918 over the last quarter. Corporate insiders own 1.96% of the company’s stock.

Several large investors have recently modified their holdings of the company. Advisors Asset Management Inc. increased its holdings in shares of Silicon Labs by 75.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,292 shares of the semiconductor company’s stock worth $103,000 after buying an additional 554 shares during the last quarter. First Mercantile Trust Co. increased its holdings in shares of Silicon Labs by 13.8% in the 4th quarter. First Mercantile Trust Co. now owns 4,884 shares of the semiconductor company’s stock worth $431,000 after buying an additional 593 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Silicon Labs by 7.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 8,801 shares of the semiconductor company’s stock worth $703,000 after buying an additional 631 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Silicon Labs by 7.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 9,183 shares of the semiconductor company’s stock worth $811,000 after buying an additional 666 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Silicon Labs by 1.0% in the 3rd quarter. California Public Employees Retirement System now owns 70,391 shares of the semiconductor company’s stock worth $5,624,000 after buying an additional 691 shares during the last quarter. 89.57% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Silicon Labs (NASDAQ:SLAB)

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