A number of other research analysts also recently issued reports on SLAB. Wells Fargo & Co began coverage on Silicon Laboratories in a research note on Tuesday, June 25th. They set an “outperform” rating and a $125.00 price target on the stock. TheStreet downgraded Silicon Laboratories from a “b” rating to a “c+” rating in a research note on Wednesday, July 24th. Zacks Investment Research downgraded Silicon Laboratories from a “hold” rating to a “sell” rating in a research note on Friday, October 4th. ValuEngine downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Roth Capital raised their price target on Silicon Laboratories from $120.00 to $130.00 in a research note on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Silicon Laboratories has a consensus rating of “Hold” and a consensus target price of $113.38.
Shares of NASDAQ:SLAB traded up $0.44 on Wednesday, hitting $109.00. 169,800 shares of the company’s stock were exchanged, compared to its average volume of 303,703. Silicon Laboratories has a 12 month low of $73.13 and a 12 month high of $115.29. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 38.11, a price-to-earnings-growth ratio of 3.16 and a beta of 1.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 6.78 and a quick ratio of 6.24. The business’s 50 day simple moving average is $109.83 and its two-hundred day simple moving average is $105.11.
In other news, CFO John C. Hollister sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $110.00, for a total value of $1,100,000.00. Following the completion of the sale, the chief financial officer now directly owns 69,423 shares of the company’s stock, valued at approximately $7,636,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William G. Bock sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $103.35, for a total value of $103,350.00. Following the completion of the sale, the director now directly owns 38,791 shares of the company’s stock, valued at $4,009,049.85. The disclosure for this sale can be found here. Insiders sold a total of 48,813 shares of company stock worth $5,472,005 over the last quarter. Company insiders own 2.10% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Quest Capital Management Inc. ADV acquired a new position in Silicon Laboratories during the third quarter worth $39,000. NumerixS Investment Technologies Inc acquired a new position in Silicon Laboratories during the second quarter worth $93,000. Tower Research Capital LLC TRC raised its holdings in Silicon Laboratories by 832.7% during the second quarter. Tower Research Capital LLC TRC now owns 998 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 891 shares during the last quarter. Sun Life Financial INC acquired a new position in Silicon Laboratories during the second quarter worth $117,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in Silicon Laboratories by 23.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,499 shares of the semiconductor company’s stock worth $155,000 after purchasing an additional 285 shares during the last quarter. 92.86% of the stock is owned by hedge funds and other institutional investors.
Silicon Laboratories 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, 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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