Research Analysts’ Weekly Ratings Updates for Silicon Laboratories (SLAB)

A number of research firms have changed their ratings and price targets for Silicon Laboratories (NASDAQ: SLAB):

  • 10/27/2017 – Silicon Laboratories had its “neutral” rating reaffirmed by analysts at Barclays PLC.
  • 10/26/2017 – Silicon Laboratories had its price target raised by analysts at Needham & Company LLC from $85.00 to $110.00. They now have a “buy” rating on the stock.
  • 10/26/2017 – Silicon Laboratories had its price target raised by analysts at Canaccord Genuity from $95.00 to $98.00. They now have a “buy” rating on the stock.
  • 10/26/2017 – Silicon Laboratories had its price target raised by analysts at B. Riley from $90.00 to $115.00. They now have a “buy” rating on the stock.
  • 10/25/2017 – Silicon Laboratories had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $103.00 price target on the stock, up previously from $85.00.
  • 10/24/2017 – Silicon Laboratories had its price target raised by analysts at Roth Capital from $85.00 to $100.00. They now have a “buy” rating on the stock.
  • 10/18/2017 – Silicon Laboratories had its price target raised by analysts at Barclays PLC from $72.00 to $86.00. They now have an “overweight” rating on the stock.
  • 10/14/2017 – Silicon Laboratories was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $98.00 price target on the stock. According to Zacks, “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. It provides a range of timing and isolation products for infrastructure applications, including clocks and oscillators for networking equipment, data centers and wireless base stations, as well as digital isolators and current sensors for industrial power supplies and hybrid-electric vehicles. It provides broadcast products, such as television tuners and demodulators and automotive radio tuners, and access products, including subscriber line interface circuits for voice over Internet Protocol, embedded modems, and Power over Ethernet power source equipment and powered device integrated circuits. “
  • 10/12/2017 – Silicon Laboratories had its price target raised by analysts at Stifel Nicolaus from $85.00 to $95.00. They now have a “buy” rating on the stock.
  • 10/10/2017 – Silicon Laboratories had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $95.00 price target on the stock, up previously from $85.00.
  • 9/27/2017 – Silicon Laboratories was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “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. It provides a range of timing and isolation products for infrastructure applications, including clocks and oscillators for networking equipment, data centers and wireless base stations, as well as digital isolators and current sensors for industrial power supplies and hybrid-electric vehicles. It provides broadcast products, such as television tuners and demodulators and automotive radio tuners, and access products, including subscriber line interface circuits for voice over Internet Protocol, embedded modems, and Power over Ethernet power source equipment and powered device integrated circuits. “
  • 9/20/2017 – Silicon Laboratories was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $88.00 price target on the stock. According to Zacks, “Silicon Laboratories Inc. design and develop proprietary, analog-intensive, mixed-signal integrated circuits for the rapidly growing communications industry. Mixed-signal integrated circuits are electronic components that convert real-world analog signals, such as sound and radio waves, into digital signals that electronic products can process. Mixed-signal integrated circuits are critical components of numerous communications products, including cellular telephones, cable and satellite set-top boxes, modems and fax machines. “
  • 9/19/2017 – Silicon Laboratories was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Silicon Laboratories Inc. design and develop proprietary, analog-intensive, mixed-signal integrated circuits for the rapidly growing communications industry. Mixed-signal integrated circuits are electronic components that convert real-world analog signals, such as sound and radio waves, into digital signals that electronic products can process. Mixed-signal integrated circuits are critical components of numerous communications products, including cellular telephones, cable and satellite set-top boxes, modems and fax machines. “
  • 9/18/2017 – Silicon Laboratories had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $85.00 price target on the stock.

Shares of Silicon Laboratories, Inc. (NASDAQ SLAB) traded up 0.59% during trading on Tuesday, reaching $93.95. 24,478 shares of the company were exchanged. The firm’s 50 day moving average is $83.76 and its 200 day moving average is $75.67. Silicon Laboratories, Inc. has a 1-year low of $58.35 and a 1-year high of $94.40. The firm has a market capitalization of $4.00 billion, a P/E ratio of 56.02 and a beta of 1.28.

Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Wednesday, October 25th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.09. Silicon Laboratories had a return on equity of 11.06% and a net margin of 9.60%. The company had revenue of $198.70 million for the quarter, compared to analyst estimates of $196.20 million. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, equities analysts anticipate that Silicon Laboratories, Inc. will post $3.19 EPS for the current fiscal year.

In other news, Director William P. Wood sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $76.35, for a total transaction of $381,750.00. Following the sale, the director now owns 30,526 shares in the company, valued at $2,330,660.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John C. Hollister sold 2,000 shares of the business’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $88.45, for a total value of $176,900.00. Following the sale, the chief financial officer now owns 64,767 shares in the company, valued at approximately $5,728,641.15. The disclosure for this sale can be found here. Insiders sold 48,500 shares of company stock worth $3,841,079 in the last quarter. 34.82% of the stock is owned by insiders.

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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