Silicon Laboratories (NASDAQ: SLAB) has recently received a number of price target changes and ratings updates:

  • 8/3/2017 – Silicon Laboratories was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $88.00 price target on the stock. According to Zacks, “Silicon Laboratories Inc. design and develop proprietary, analog-intensive, mixed-signal integrated circuits for the rapidly growing communications industry. Mixed-signal integrated circuits are electronic components that convert real-world analog signals, such as sound and radio waves, into digital signals that electronic products can process. Mixed-signal integrated circuits are critical components of numerous communications products, including cellular telephones, cable and satellite set-top boxes, modems and fax machines. “
  • 7/28/2017 – Silicon Laboratories had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $90.00 price target on the stock.
  • 7/27/2017 – Silicon Laboratories had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $85.00 price target on the stock, up previously from $80.00.
  • 7/27/2017 – Silicon Laboratories had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $85.00 price target on the stock, up previously from $82.00.
  • 6/29/2017 – Silicon Laboratories was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/28/2017 – Silicon Laboratories was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Silicon Laboratories Inc. design and develop proprietary, analog-intensive, mixed-signal integrated circuits for the rapidly growing communications industry. Mixed-signal integrated circuits are electronic components that convert real-world analog signals, such as sound and radio waves, into digital signals that electronic products can process. Mixed-signal integrated circuits are critical components of numerous communications products, including cellular telephones, cable and satellite set-top boxes, modems and fax machines. “
  • 6/16/2017 – Silicon Laboratories was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

Silicon Laboratories, Inc. (NASDAQ:SLAB) opened at 76.60 on Thursday. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 45.68 and a beta of 1.25. Silicon Laboratories, Inc. has a 52 week low of $52.00 and a 52 week high of $79.15. The company has a 50-day moving average price of $71.32 and a 200-day moving average price of $71.76.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.08. Silicon Laboratories had a net margin of 9.88% and a return on equity of 11.15%. The company had revenue of $190.10 million during the quarter, compared to the consensus estimate of $186.46 million. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Silicon Laboratories’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities research analysts anticipate that Silicon Laboratories, Inc. will post $3.06 EPS for the current year.

In other Silicon Laboratories news, CFO John C. Hollister sold 2,000 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $70.55, for a total value of $141,100.00. Following the completion of the transaction, the chief financial officer now owns 74,767 shares in the company, valued at $5,274,811.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William P. Wood sold 5,000 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $74.45, for a total transaction of $372,250.00. Following the completion of the transaction, the director now owns 35,526 shares of the company’s stock, valued at approximately $2,644,910.70. The disclosure for this sale can be found here. Insiders sold 98,500 shares of company stock valued at $7,322,125 in the last 90 days. 34.82% of the stock is currently owned by insiders.

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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