Several other equities analysts have also recently weighed in on SLAB. B. Riley reaffirmed a buy rating and issued a $90.00 price objective on shares of Silicon Laboratories in a report on Friday, July 28th. Stifel Nicolaus reaffirmed a buy rating and issued a $85.00 price objective (up from $82.00) on shares of Silicon Laboratories in a report on Thursday, July 27th. Zacks Investment Research cut Silicon Laboratories from a buy rating to a hold rating in a report on Friday, August 25th. Canaccord Genuity boosted their price target on Silicon Laboratories from $95.00 to $98.00 and gave the stock a buy rating in a report on Thursday, October 26th. Finally, BidaskClub raised Silicon Laboratories from a hold rating to a buy rating in a report on Wednesday, August 16th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $98.89.
Shares of Silicon Laboratories (NASDAQ:SLAB) traded up $0.05 during midday trading on Friday, hitting $90.80. The stock had a trading volume of 99,900 shares, compared to its average volume of 282,796. The company has a market cap of $3,862.79, a P/E ratio of 39.80, a P/E/G ratio of 2.68 and a beta of 1.40. Silicon Laboratories has a one year low of $61.80 and a one year high of $95.55. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.66 and a quick ratio of 5.20.
Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.09. The business had revenue of $198.70 million during the quarter, compared to the consensus estimate of $196.20 million. Silicon Laboratories had a return on equity of 11.06% and a net margin of 9.60%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 EPS. equities analysts predict that Silicon Laboratories will post 2.25 EPS for the current fiscal year.
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In related news, Director William P. Wood sold 5,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $92.50, for a total transaction of $462,500.00. Following the completion of the sale, the director now directly owns 30,526 shares of the company’s stock, valued at $2,823,655. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John C. Hollister sold 2,000 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $78.45, for a total value of $156,900.00. Following the sale, the chief financial officer now directly owns 66,767 shares of the company’s stock, valued at $5,237,871.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,200 shares of company stock worth $3,752,229. 34.82% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in SLAB. Quantbot Technologies LP bought a new position in Silicon Laboratories during the second quarter valued at $102,000. Advisors Asset Management Inc. grew its holdings in Silicon Laboratories by 75.1% during the third quarter. Advisors Asset Management Inc. now owns 1,292 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 554 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Silicon Laboratories by 10.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,623 shares of the semiconductor company’s stock valued at $111,000 after purchasing an additional 148 shares during the period. Riverhead Capital Management LLC boosted its holdings in shares of Silicon Laboratories by 76.7% in the second quarter. Riverhead Capital Management LLC now owns 2,297 shares of the semiconductor company’s stock worth $157,000 after acquiring an additional 997 shares during the period. Finally, Pier 88 Investment Partners LLC bought a new position in shares of Silicon Laboratories in the second quarter worth $187,000. 88.65% of the stock is owned by institutional investors and hedge funds.
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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