Silicon Laboratories (SLAB) – Research Analysts’ Recent Ratings Changes

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

  • 2/7/2018 – Silicon Laboratories was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Silicon Labs is a leading provider of silicon, software and solutions for the Internet of Things, Internet infrastructure, industrial automation, consumer and automotive markets. They solve the electronics industry’s toughest problems, providing customers with significant advantages in performance, energy savings, connectivity and design simplicity. Backed by their world-class engineering teams with unsurpassed software and mixed-signal design expertise, Silicon Labs empowers developers with the tools and technologies they need to advance quickly and easily from initial idea to final product. “
  • 2/1/2018 – Silicon Laboratories had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $115.00 price target on the stock, up previously from $110.00.
  • 1/31/2018 – Silicon Laboratories had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $111.00 price target on the stock, up previously from $103.00.
  • 1/30/2018 – Silicon Laboratories had its price target raised by analysts at Roth Capital from $105.00 to $110.00. They now have a “buy” rating on the stock.
  • 1/29/2018 – Silicon Laboratories had its “buy” rating reaffirmed by analysts at B. Riley.
  • 1/18/2018 – Silicon Laboratories had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $108.00 price target on the stock, up previously from $100.00.
  • 1/6/2018 – Silicon Laboratories was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 1/5/2018 – Silicon Laboratories was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Silicon Labs is a leading provider of silicon, software and solutions for the Internet of Things, Internet infrastructure, industrial automation, consumer and automotive markets. They solve the electronics industry’s toughest problems, providing customers with significant advantages in performance, energy savings, connectivity and design simplicity. Backed by their world-class engineering teams with unsurpassed software and mixed-signal design expertise, Silicon Labs empowers developers with the tools and technologies they need to advance quickly and easily from initial idea to final product. “
  • 12/27/2017 – Silicon Laboratories was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 12/11/2017 – Silicon Laboratories had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $110.00 price target on the stock.
  • 12/11/2017 – Silicon Laboratories had its price target raised by analysts at Roth Capital from $100.00 to $105.00. They now have a “buy” rating on the stock.

Shares of Silicon Laboratories (NASDAQ SLAB) traded up $2.55 during mid-day trading on Friday, hitting $88.30. The stock had a trading volume of 211,026 shares, compared to its average volume of 259,245. The company has a current ratio of 5.84, a quick ratio of 5.39 and a debt-to-equity ratio of 0.36. The firm has a market cap of $3,650.00, a P/E ratio of 81.01, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40. Silicon Laboratories has a twelve month low of $66.35 and a twelve month high of $100.00.

Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, January 31st. The semiconductor company reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.07. The business had revenue of $201.02 million during the quarter, compared to the consensus estimate of $197.93 million. Silicon Laboratories had a return on equity of 11.11% and a net margin of 6.12%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 EPS. research analysts forecast that Silicon Laboratories will post 2.52 EPS for the current year.

In related news, Director William P. Wood sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $91.30, for a total transaction of $456,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William G. Bock sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $89.24, for a total value of $223,100.00. Following the sale, the director now owns 43,426 shares of the company’s stock, valued at $3,875,336.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,866 shares of company stock valued at $2,425,025. Corporate insiders own 34.82% of the company’s stock.

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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