News headlines about Silicon Laboratories (NASDAQ:SLAB) have trended positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Silicon Laboratories earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Silicon Laboratories, Inc. (NASDAQ:SLAB) Expected to Announce Quarterly Sales of $196.00 Million (americanbankingnews.com)
- Silicon Laboratories Inc (finance.yahoo.com)
- IHS Markit Score upgrades Silicon Laboratories Inc to 69 out of 100, despite ranking positively in only one IHS Markit category. (finance.yahoo.com)
- Silicon Labs’ Radio Solution Solves Automotive Industry Challenge of Scaling Price Points and Performance (finance.yahoo.com)
- Zacks: Brokerages Expect Silicon Laboratories, Inc. (NASDAQ:SLAB) to Post $0.57 Earnings Per Share (americanbankingnews.com)
Silicon Laboratories (NASDAQ SLAB) traded up 0.61% during mid-day trading on Friday, reaching $74.55. 124,839 shares of the company were exchanged. The company has a market capitalization of $3.17 billion, a PE ratio of 44.45 and a beta of 1.25. The stock has a 50-day moving average price of $71.42 and a 200 day moving average price of $71.78. Silicon Laboratories has a one year low of $52.00 and a one year high of $79.15.
Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $190.10 million during the quarter, compared to analyst estimates of $186.46 million. During the same quarter in the prior year, the firm earned $0.75 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Analysts predict that Silicon Laboratories will post $3.06 EPS for the current year.
Several analysts have recently commented on the stock. B. Riley reiterated a “buy” rating and issued a $81.00 target price on shares of Silicon Laboratories in a report on Tuesday, May 2nd. DA Davidson increased their target price on shares of Silicon Laboratories from $80.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, April 26th. Zacks Investment Research upgraded shares of Silicon Laboratories from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Canaccord Genuity reiterated a “buy” rating and issued a $83.00 target price on shares of Silicon Laboratories in a report on Thursday, April 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 target price (up previously from $82.00) on shares of Silicon Laboratories in a report on Thursday, July 27th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $80.70.
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In related news, Director William P. Wood sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $76.35, for a total value of $381,750.00. Following the completion of the sale, the director now directly owns 30,526 shares of the company’s stock, valued at approximately $2,330,660.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John C. Hollister sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $70.55, for a total transaction of $141,100.00. Following the completion of the sale, the chief financial officer now directly owns 74,767 shares of the company’s stock, valued at $5,274,811.85. The disclosure for this sale can be found here. Insiders sold a total of 98,500 shares of company stock valued at $7,322,125 over the last three months. 34.82% of the stock is currently owned by insiders.
About Silicon Laboratories
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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