Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Silicon Laboratories (NASDAQ:SLAB) Share Price

News stories about Silicon Laboratories (NASDAQ:SLAB) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news 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 nearest to one being the most favorable. Silicon Laboratories earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 46.1166366277433 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Needham & Company LLC restated a “buy” rating and set a $115.00 price objective (up from $110.00) on shares of Silicon Laboratories in a research note on Thursday, February 1st. Drexel Hamilton restated a “buy” rating and set a $111.00 price objective (up from $103.00) on shares of Silicon Laboratories in a research note on Wednesday, January 31st. Roth Capital boosted their price objective 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. Finally, B. Riley restated a “buy” rating on shares of Silicon Laboratories in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $102.89.

Shares of Silicon Laboratories stock traded down $2.20 on Thursday, reaching $93.85. 44,532 shares of the company were exchanged, compared to its average volume of 235,366. Silicon Laboratories has a twelve month low of $66.35 and a twelve month high of $101.90. The firm has a market cap of $4,153.03, a price-to-earnings ratio of 88.12, a P/E/G ratio of 2.55 and a beta of 1.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 5.39 and a current ratio of 5.84.

Silicon Laboratories (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. Silicon Laboratories had a net margin of 6.12% and a return on equity of 11.11%. The business had revenue of $201.02 million for the quarter, compared to analyst estimates of $197.93 million. During the same quarter in the prior year, the business earned $0.75 EPS. Silicon Laboratories’s quarterly revenue was up 10.1% on a year-over-year basis. analysts anticipate that Silicon Laboratories will post 2.52 earnings per share for the current year.

In other Silicon Laboratories news, SVP Brandon Tolany sold 18,235 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now owns 69,501 shares in the company, valued at approximately $6,602,595. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Sandeep P. Kumar sold 5,750 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 41,633 shares in the company, valued at approximately $4,163,300. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,676 shares of company stock worth $3,378,918. 1.96% of the stock is owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Silicon Laboratories (NASDAQ:SLAB)

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