Silicon Laboratories (SLAB) Getting Somewhat Positive Media Coverage, Accern Reports
Press coverage about Silicon Laboratories (NASDAQ:SLAB) has been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Silicon Laboratories earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 45.7751163986166 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Silicon Laboratories (NASDAQ:SLAB) opened at 73.00 on Friday. The firm’s 50-day moving average is $74.62 and its 200-day moving average is $72.39. The stock has a market capitalization of $3.11 billion, a PE ratio of 43.53 and a beta of 1.25. Silicon Laboratories has a one year low of $54.30 and a one year high of $79.15.
Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.08. The firm had revenue of $190.10 million during the quarter, compared to analyst estimates of $186.46 million. Silicon Laboratories had a net margin of 9.88% and a return on equity of 11.15%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. On average, analysts expect that Silicon Laboratories will post $3.06 earnings per share for the current fiscal year.
SLAB has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Silicon Laboratories from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Needham & Company LLC restated a “buy” rating and set a $85.00 price objective (up previously from $80.00) on shares of Silicon Laboratories in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Saturday, August 26th. B. Riley restated a “buy” rating and set a $90.00 price objective on shares of Silicon Laboratories in a research report on Friday, July 28th. Finally, Stifel Nicolaus restated a “buy” rating and set a $82.00 price objective on shares of Silicon Laboratories in a research report on Tuesday, June 6th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $80.10.
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In other news, CFO John C. Hollister sold 2,000 shares of Silicon Laboratories stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $68.25, for a total transaction of $136,500.00. Following the completion of the transaction, the chief financial officer now directly owns 70,767 shares of the company’s stock, valued at approximately $4,829,847.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William P. Wood sold 5,000 shares of Silicon Laboratories stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $76.48, for a total transaction of $382,400.00. Following the transaction, the director now directly owns 30,526 shares of the company’s stock, valued at $2,334,628.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,500 shares of company stock valued at $1,720,650. Insiders own 34.82% of the company’s stock.
Silicon Laboratories Company Profile
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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