News headlines about Silicon Labs (NASDAQ:SLAB) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Silicon Labs earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 46.8783121502544 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s rankings:
- Silicon Labs (SLAB) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Silicon Labs (SLAB) Price Target Raised to $110.00 (americanbankingnews.com)
- Silicon Labs (SLAB) PT Raised to $98.00 at Canaccord Genuity (americanbankingnews.com)
- Silicon Labs (SLAB) & Intermolecular (IMI) Head to Head Review (americanbankingnews.com)
- Silicon Labs (SLAB) Expected to Announce Quarterly Sales of $199.66 Million (americanbankingnews.com)
A number of research firms have issued reports on SLAB. Zacks Investment Research raised shares of Silicon Labs from a “sell” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC restated a “buy” rating and set a $115.00 price target (up from $110.00) on shares of Silicon Labs in a research report on Thursday, February 1st. Drexel Hamilton restated a “buy” rating and set a $111.00 price target (up from $103.00) on shares of Silicon Labs in a research report on Wednesday, January 31st. Roth Capital boosted their price target on shares of Silicon Labs from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, B. Riley restated a “buy” rating on shares of Silicon Labs in a research report on Monday, January 29th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $102.89.
Silicon Labs (NASDAQ:SLAB) last released its earnings results on Wednesday, January 31st. The semiconductor company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. Silicon Labs 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 the consensus estimate of $197.93 million. During the same period in the previous year, the firm earned $0.75 EPS. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. analysts anticipate that Silicon Labs will post 2.52 earnings per share for the current year.
In related news, SVP Brandon Tolany sold 9,060 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $91.47, for a total value of $828,718.20. Following the sale, the senior vice president now directly owns 44,246 shares in the company, valued at approximately $4,047,181.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Sandeep P. Kumar sold 5,750 shares of the business’s 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 completion of the sale, the senior vice president now owns 41,633 shares in the company, valued at $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. Insiders own 1.96% of the company’s stock.
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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.
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