News stories about Silicon Laboratories (NASDAQ:SLAB) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than 20 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 news sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 46.8783121502544 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several brokerages have commented on SLAB. Zacks Investment Research lowered shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Roth Capital increased their price target on shares of Silicon Laboratories from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price target on shares of Silicon Laboratories in a research note on Monday, December 11th. BidaskClub upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating in a research note on Saturday, January 6th. Finally, B. Riley reiterated a “buy” rating on shares of Silicon Laboratories in a research note on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $102.89.
Silicon Laboratories (SLAB) opened at $98.10 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.84 and a quick ratio of 5.39. The stock has a market cap of $4,190.00, a PE ratio of 57.71, a P/E/G ratio of 2.65 and a beta of 1.38. Silicon Laboratories has a 12 month low of $66.35 and a 12 month high of $101.90.
In related news, SVP Brandon Tolany sold 18,235 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $95.00, for a total transaction of $1,732,325.00. Following the sale, the senior vice president now directly 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 accessible through the SEC website. Also, SVP Sandeep P. Kumar sold 5,750 shares of the stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $100.00, for a total transaction of $575,000.00. Following the sale, the senior vice president now directly owns 41,633 shares in the company, valued at $4,163,300. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,676 shares of company stock valued at $3,378,918. 1.96% of the stock is owned by company insiders.
About Silicon Laboratories
Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market.
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