Silicon Laboratories (NASDAQ:SLAB)‘s stock had its “buy” rating reissued by equities researchers at Stifel Nicolaus in a research report issued on Thursday, Marketbeat Ratings reports. They presently have a $108.00 target price on the semiconductor company’s stock, up from their prior target price of $100.00. Stifel Nicolaus’ price target indicates a potential upside of 10.37% from the stock’s previous close.

A number of other research firms also recently issued reports on SLAB. BidaskClub upgraded Silicon Laboratories from a “hold” rating to a “buy” rating in a research note on Saturday, January 6th. Zacks Investment Research downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Barclays restated a “neutral” rating on shares of Silicon Laboratories in a research note on Friday, October 27th. B. Riley boosted their price target on Silicon Laboratories from $90.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Canaccord Genuity boosted their price target on Silicon Laboratories from $95.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $100.89.

Silicon Laboratories (SLAB) traded down $0.30 during trading on Thursday, hitting $97.85. The company’s stock had a trading volume of 195,200 shares, compared to its average volume of 219,183. The company has a market cap of $4,160.00, a P/E ratio of 58.59, a P/E/G ratio of 2.53 and a beta of 1.37. Silicon Laboratories has a 1-year low of $63.75 and a 1-year high of $99.10. The company has a current ratio of 5.66, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40.

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 Zacks’ 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 business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 EPS. equities research analysts forecast that Silicon Laboratories will post 2.27 EPS for the current fiscal year.

In related news, Director William P. Wood sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $91.30, for a total value of $456,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William G. Bock sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $89.24, for a total value of $223,100.00. Following the completion of the transaction, the director now directly owns 43,426 shares in the company, valued at $3,875,336.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,700 shares of company stock worth $1,160,750. Insiders own 34.82% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of SLAB. Legal & General Group Plc lifted its holdings in Silicon Laboratories by 25.1% in the 2nd quarter. Legal & General Group Plc now owns 32,999 shares of the semiconductor company’s stock worth $2,256,000 after purchasing an additional 6,611 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Silicon Laboratories by 10.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,623 shares of the semiconductor company’s stock worth $111,000 after purchasing an additional 148 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Silicon Laboratories by 13.3% in the 2nd quarter. Principal Financial Group Inc. now owns 196,425 shares of the semiconductor company’s stock worth $13,425,000 after purchasing an additional 23,011 shares in the last quarter. Swiss National Bank lifted its holdings in Silicon Laboratories by 6.3% in the 2nd quarter. Swiss National Bank now owns 69,700 shares of the semiconductor company’s stock worth $4,764,000 after purchasing an additional 4,100 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Silicon Laboratories by 1.0% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,180 shares of the semiconductor company’s stock worth $422,000 after purchasing an additional 61 shares in the last quarter. 90.84% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Silicon Laboratories (NASDAQ:SLAB)

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