News articles about Silicon Laboratories (NASDAQ:SLAB) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. 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 news sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 45.8275826492154 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- William G. Bock Sells 2,500 Shares of Silicon Laboratories, Inc. (SLAB) Stock (americanbankingnews.com)
- Silicon Laboratories, Inc. (SLAB) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
- See what the IHS Markit Score report has to say about Silicon Laboratories Inc. (finance.yahoo.com)
- Silicon Laboratories, Inc. (SLAB) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- Silicon Laboratories, Inc. (NASDAQ:SLAB) Expected to Announce Quarterly Sales of $196.00 Million (americanbankingnews.com)
Shares of Silicon Laboratories (NASDAQ:SLAB) opened at 73.55 on Friday. Silicon Laboratories has a 52 week low of $53.96 and a 52 week high of $79.15. The firm has a market capitalization of $3.13 billion, a PE ratio of 43.86 and a beta of 1.25. The company has a 50-day moving average of $72.26 and a 200-day moving average of $72.07.
Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.08. The firm had revenue of $190.10 million for the quarter, compared to analyst estimates of $186.46 million. Silicon Laboratories had a return on equity of 11.15% and a net margin of 9.88%. Silicon Laboratories’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share. On average, equities analysts forecast that Silicon Laboratories will post $3.06 earnings per share for the current fiscal year.
A number of equities analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 price target (up from $80.00) on shares of Silicon Laboratories in a research note on Thursday, July 27th. Zacks Investment Research raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 price target (up from $82.00) on shares of Silicon Laboratories in a research note on Thursday, July 27th. BidaskClub raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Canaccord Genuity reissued a “buy” rating and issued a $83.00 price objective on shares of Silicon Laboratories in a research note on Thursday, April 27th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus 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 Silicon Laboratories stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $76.35, for a total value of $381,750.00. Following the transaction, the director now owns 30,526 shares of the company’s stock, valued at approximately $2,330,660.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William G. Bock sold 2,500 shares of Silicon Laboratories stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $75.30, for a total value of $188,250.00. Following the completion of the transaction, the director now directly owns 45,926 shares in the company, valued at approximately $3,458,227.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,000 shares of company stock worth $7,369,275. 34.82% of the stock is owned by corporate 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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