Somewhat Favorable News Coverage Somewhat Unlikely to Affect Silicon Laboratories (SLAB) Stock Price

Media stories about Silicon Laboratories (NASDAQ:SLAB) have been trending somewhat positive on Friday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Silicon Laboratories earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 45.9576830950333 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

SLAB has been the topic of several analyst reports. ValuEngine downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Monday, April 23rd. Needham & Company LLC reissued a “buy” rating and issued a $115.00 target price on shares of Silicon Laboratories in a report on Thursday, April 26th. B. Riley boosted their target price on shares of Silicon Laboratories from $115.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, April 26th. Zacks Investment Research downgraded shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Finally, Cowen initiated coverage on shares of Silicon Laboratories in a report on Thursday, May 17th. They issued an “outperform” rating and a $125.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Silicon Laboratories presently has a consensus rating of “Buy” and an average price target of $109.80.

Silicon Laboratories opened at $105.60 on Friday, MarketBeat Ratings reports. Silicon Laboratories has a one year low of $66.35 and a one year high of $108.45. The company has a current ratio of 6.74, a quick ratio of 6.21 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $4.57 billion, a PE ratio of 44.94, a P/E/G ratio of 2.68 and a beta of 1.43.

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

In related news, SVP Sandeep P. Kumar sold 5,750 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 41,633 shares in the company, valued at $4,163,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.96% of the company’s stock.

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, 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 Laboratories (NASDAQ:SLAB)

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