BidaskClub cut shares of Silicon Laboratories (NASDAQ:SLAB) from a sell rating to a strong sell rating in a report published on Friday morning.

Other equities research analysts have also recently issued reports about the stock. B. Riley boosted their price objective on shares of Silicon Laboratories to $123.00 and gave the company a buy rating in a research report on Wednesday, July 25th. Zacks Investment Research raised shares of Silicon Laboratories from a hold rating to a buy rating and set a $107.00 price objective on the stock in a research report on Tuesday, July 31st. Roth Capital cut their price objective on shares of Silicon Laboratories from $124.00 to $100.00 and set a buy rating on the stock in a research report on Tuesday, October 23rd. Needham & Company LLC cut their price objective on shares of Silicon Laboratories from $115.00 to $110.00 and set a buy rating on the stock in a research report on Friday. Finally, Barclays cut their price objective on shares of Silicon Laboratories from $100.00 to $90.00 and set an equal weight rating on the stock in a research report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Silicon Laboratories has an average rating of Hold and a consensus target price of $105.27.

Shares of NASDAQ SLAB opened at $78.88 on Friday. The firm has a market cap of $3.40 billion, a PE ratio of 33.57, a PEG ratio of 1.89 and a beta of 1.50. Silicon Laboratories has a twelve month low of $75.89 and a twelve month high of $110.70. The company has a current ratio of 5.44, a quick ratio of 4.95 and a debt-to-equity ratio of 0.34.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings data on Wednesday, October 24th. The semiconductor company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.98 by $0.03. The business had revenue of $230.20 million for the quarter, compared to analysts’ expectations of $227.36 million. Silicon Laboratories had a net margin of 7.45% and a return on equity of 12.48%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 EPS. As a group, equities analysts anticipate that Silicon Laboratories will post 2.77 earnings per share for the current fiscal year.

In other Silicon Laboratories news, SVP Alessandro Piovaccari sold 1,607 shares of the business’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $94.50, for a total transaction of $151,861.50. Following the sale, the senior vice president now directly owns 31,074 shares of the company’s stock, valued at approximately $2,936,493. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William G. Bock sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $94.50, for a total transaction of $94,500.00. Following the sale, the director now directly owns 40,751 shares in the company, valued at $3,850,969.50. 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 three months. Insiders own 1.96% of the company’s stock.

A number of large investors have recently modified their holdings of SLAB. First Hawaiian Bank bought a new stake in Silicon Laboratories during the 3rd quarter worth about $106,000. OLD National Bancorp IN bought a new stake in Silicon Laboratories during the 2nd quarter worth about $210,000. World Asset Management Inc bought a new stake in Silicon Laboratories during the 2nd quarter worth about $212,000. Wrapmanager Inc. bought a new stake in Silicon Laboratories during the 2nd quarter worth about $212,000. Finally, Advisors Asset Management Inc. lifted its position in 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 in the last quarter. 91.36% of the stock is currently owned by hedge funds and other institutional investors.

About Silicon Laboratories

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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Analyst Recommendations for Silicon Laboratories (NASDAQ:SLAB)

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