Recent Analysts’ Ratings Updates for Silicon Laboratories (SLAB)

A number of research firms have changed their ratings and price targets for Silicon Laboratories (NASDAQ: SLAB):

  • 11/6/2018 – Silicon Laboratories was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 10/26/2018 – Silicon Laboratories was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 10/26/2018 – Silicon Laboratories had its price target lowered by analysts at MKM Partners to $85.00. They now have a “neutral” rating on the stock.
  • 10/26/2018 – Silicon Laboratories had its price target lowered by analysts at Loop Capital from $110.00 to $90.00. They now have a “hold” rating on the stock.
  • 10/26/2018 – Silicon Laboratories had its price target lowered by analysts at Needham & Company LLC from $115.00 to $110.00. They now have a “buy” rating on the stock.
  • 10/25/2018 – Silicon Laboratories is now covered by analysts at William Blair. They set a “market perform” rating on the stock.
  • 10/25/2018 – Silicon Laboratories had its price target lowered by analysts at B. Riley from $105.00 to $100.00. They now have a “buy” rating on the stock.
  • 10/23/2018 – Silicon Laboratories had its price target lowered by analysts at Barclays PLC from $100.00 to $90.00. They now have an “equal weight” rating on the stock.
  • 10/23/2018 – Silicon Laboratories had its price target lowered by analysts at Roth Capital from $124.00 to $100.00. They now have a “buy” rating on the stock.
  • 10/19/2018 – Silicon Laboratories was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 10/9/2018 – Silicon Laboratories was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 9/27/2018 – Silicon Laboratories was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/8/2018 – Silicon Laboratories was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of NASDAQ SLAB opened at $86.03 on Tuesday. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 36.61, a P/E/G ratio of 2.07 and a beta of 1.60. Silicon Laboratories has a one year low of $75.89 and a one year high of $110.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.91 and a current ratio of 5.44.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Wednesday, October 24th. The semiconductor company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.98 by $0.03. The company had revenue of $230.20 million for the quarter, compared to analyst estimates of $227.36 million. Silicon Laboratories had a net margin of 7.45% and a return on equity of 12.48%. The business’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 EPS. Analysts forecast that Silicon Laboratories will post 2.77 EPS for the current year.

In other news, Director William G. Bock sold 1,000 shares of Silicon Laboratories stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $94.50, for a total transaction of $94,500.00. Following the completion of the transaction, the director now owns 40,751 shares of the company’s stock, valued at approximately $3,850,969.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sumit Sadana sold 5,500 shares of Silicon Laboratories stock in a transaction on Monday, August 13th. The stock was sold at an average price of $95.56, for a total value of $525,580.00. Following the transaction, the director now directly owns 5,313 shares of the company’s stock, valued at approximately $507,710.28. The disclosure for this sale can be found here. Insiders have sold a total of 10,916 shares of company stock worth $1,015,797 over the last 90 days. Insiders own 1.96% of the company’s stock.

Several large investors have recently added to or reduced their stakes in SLAB. First Hawaiian Bank acquired a new position in shares of Silicon Laboratories during the 3rd quarter worth $106,000. OLD National Bancorp IN acquired a new position in shares of Silicon Laboratories during the 2nd quarter worth $210,000. World Asset Management Inc acquired a new position in shares of Silicon Laboratories during the 2nd quarter worth $212,000. Wrapmanager Inc. acquired a new position in shares of Silicon Laboratories during the 2nd quarter worth $212,000. Finally, Advisors Asset Management Inc. raised its stake in shares of Silicon Laboratories by 7,462.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 159,187 shares of the semiconductor company’s stock worth $224,000 after buying an additional 157,082 shares during the last quarter. 91.37% of the stock is owned by institutional investors and hedge funds.

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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