Silicon Laboratories (SLAB) – Investment Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Silicon Laboratories (NASDAQ: SLAB):

  • 11/1/2019 – Silicon Laboratories was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/25/2019 – Silicon Laboratories was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Silicon Labs is a leading provider of silicon, software and solutions for the Internet of Things, Internet infrastructure, industrial automation, consumer and automotive markets. They solve the electronics industry’s toughest problems, providing customers with significant advantages in performance, energy savings, connectivity and design simplicity. Backed by their world-class engineering teams with unsurpassed software and mixed-signal design expertise, Silicon Labs empowers developers with the tools and technologies they need to advance quickly and easily from initial idea to final product. “
  • 10/24/2019 – Silicon Laboratories had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
  • 10/23/2019 – Silicon Laboratories was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 10/16/2019 – Silicon Laboratories was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/4/2019 – Silicon Laboratories was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Silicon Labs is a leading provider of silicon, software and solutions for the Internet of Things, Internet infrastructure, industrial automation, consumer and automotive markets. They solve the electronics industry’s toughest problems, providing customers with significant advantages in performance, energy savings, connectivity and design simplicity. Backed by their world-class engineering teams with unsurpassed software and mixed-signal design expertise, Silicon Labs empowers developers with the tools and technologies they need to advance quickly and easily from initial idea to final product. “
  • 10/2/2019 – Silicon Laboratories was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

NASDAQ:SLAB traded up $0.69 during trading hours on Wednesday, hitting $109.02. 306,700 shares of the company’s stock traded hands, compared to its average volume of 302,960. The firm has a market cap of $4.73 billion, a P/E ratio of 38.12, a P/E/G ratio of 3.08 and a beta of 1.49. Silicon Laboratories has a 52 week low of $73.13 and a 52 week high of $115.29. The business’s fifty day simple moving average is $109.65 and its two-hundred day simple moving average is $105.35. The company has a quick ratio of 6.24, a current ratio of 6.78 and a debt-to-equity ratio of 0.34.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.12. The company had revenue of $223.30 million during the quarter, compared to analyst estimates of $217.97 million. Silicon Laboratories had a return on equity of 9.33% and a net margin of 2.96%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the company earned $1.01 earnings per share. On average, analysts expect that Silicon Laboratories will post 2.21 EPS for the current year.

In other Silicon Laboratories news, CFO John C. Hollister sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $110.00, for a total transaction of $1,100,000.00. Following the sale, the chief financial officer now owns 69,423 shares in the company, valued at $7,636,530. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William G. Bock sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $103.35, for a total value of $103,350.00. Following the sale, the director now owns 38,791 shares in the company, valued at approximately $4,009,049.85. The disclosure for this sale can be found here. Insiders have sold 48,813 shares of company stock worth $5,472,005 in the last 90 days. Company insiders own 2.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLAB. Vanguard Group Inc. increased its holdings in shares of Silicon Laboratories by 0.5% in the second quarter. Vanguard Group Inc. now owns 4,124,421 shares of the semiconductor company’s stock worth $426,465,000 after buying an additional 20,836 shares during the period. GW&K Investment Management LLC increased its holdings in shares of Silicon Laboratories by 13.3% in the third quarter. GW&K Investment Management LLC now owns 745,663 shares of the semiconductor company’s stock worth $83,029,000 after buying an additional 87,338 shares during the period. Northern Trust Corp increased its holdings in shares of Silicon Laboratories by 0.5% in the second quarter. Northern Trust Corp now owns 692,083 shares of the semiconductor company’s stock worth $71,561,000 after buying an additional 3,758 shares during the period. Eagle Asset Management Inc. increased its holdings in shares of Silicon Laboratories by 0.4% in the third quarter. Eagle Asset Management Inc. now owns 566,022 shares of the semiconductor company’s stock worth $63,026,000 after buying an additional 2,111 shares during the period. Finally, Macquarie Group Ltd. grew its stake in shares of Silicon Laboratories by 7.3% in the second quarter. Macquarie Group Ltd. now owns 529,243 shares of the semiconductor company’s stock worth $54,723,000 after purchasing an additional 36,157 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

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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