BidaskClub downgraded shares of Silicon Laboratories (NASDAQ:SLAB) from a buy rating to a hold rating in a research note published on Wednesday.
Other equities research analysts have also recently issued research reports about the stock. Drexel Hamilton reaffirmed a buy rating and issued a $103.00 price objective (up previously from $85.00) on shares of Silicon Laboratories in a research note on Wednesday, October 25th. Roth Capital upped their price objective on shares of Silicon Laboratories from $85.00 to $100.00 and gave the company a buy rating in a research note on Tuesday, October 24th. Zacks Investment Research cut shares of Silicon Laboratories from a buy rating to a hold rating in a research note on Tuesday, September 19th. Needham & Company LLC reiterated a buy rating and set a $85.00 price target on shares of Silicon Laboratories in a report on Monday, September 18th. Finally, Canaccord Genuity upped their price target on shares of Silicon Laboratories from $95.00 to $98.00 and gave the company a buy rating in a report on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $99.44.
Shares of Silicon Laboratories (NASDAQ SLAB) opened at $88.80 on Wednesday. Silicon Laboratories has a 12 month low of $63.15 and a 12 month high of $96.93. The stock has a market cap of $3,803.20, a price-to-earnings ratio of 53.17, a PEG ratio of 2.62 and a beta of 1.37. The company has a quick ratio of 5.20, a current ratio of 5.66 and a debt-to-equity ratio of 0.40.
In other Silicon Laboratories news, Director William G. Bock sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were 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 approximately $3,875,336.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William P. Wood sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $81.45, for a total transaction of $407,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,700 shares of company stock valued at $1,744,900 over the last quarter. 34.82% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its holdings in Silicon Laboratories by 2,162.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 41,693 shares of the semiconductor company’s stock worth $3,331,000 after purchasing an additional 39,850 shares in the last quarter. GSA Capital Partners LLP raised its holdings in Silicon Laboratories by 15.1% in the 3rd quarter. GSA Capital Partners LLP now owns 13,126 shares of the semiconductor company’s stock worth $1,049,000 after purchasing an additional 1,720 shares in the last quarter. Sterling Capital Management LLC raised its holdings in Silicon Laboratories by 74.5% in the 3rd quarter. Sterling Capital Management LLC now owns 31,850 shares of the semiconductor company’s stock worth $2,545,000 after purchasing an additional 13,598 shares in the last quarter. Neuberger Berman Group LLC bought a new position in Silicon Laboratories in the 3rd quarter worth $274,000. Finally, California Public Employees Retirement System raised its holdings in Silicon Laboratories by 1.0% in the 3rd quarter. California Public Employees Retirement System now owns 70,391 shares of the semiconductor company’s stock worth $5,624,000 after purchasing an additional 691 shares in the last quarter. Institutional investors and hedge funds own 90.80% of the company’s stock.
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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.
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