BidaskClub lowered shares of Silicon Laboratories (NASDAQ:SLAB) from a sell rating to a strong sell rating in a report published on Tuesday.

Other equities analysts have also recently issued research reports about the stock. B. Riley raised their price target on shares of Silicon Laboratories to $123.00 and gave the company a buy rating in a research report on Wednesday, July 25th. Zacks Investment Research raised shares of Silicon Laboratories from a hold rating to a buy rating and set a $107.00 price target on the stock in a research report on Tuesday, July 31st. Roth Capital dropped their target price on shares of Silicon Laboratories from $124.00 to $100.00 and set a buy rating on the stock in a research report on Tuesday, October 23rd. Needham & Company LLC dropped their target price on shares of Silicon Laboratories from $115.00 to $110.00 and set a buy rating on the stock in a research report on Friday, October 26th. Finally, Barclays dropped their target price on shares of Silicon Laboratories from $100.00 to $90.00 and set an equal weight rating on the stock in a research report on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Silicon Laboratories presently has a consensus rating of Hold and an average target price of $105.27.

Shares of NASDAQ SLAB opened at $81.80 on Tuesday. Silicon Laboratories has a fifty-two week low of $75.89 and a fifty-two week high of $110.70. The stock has a market capitalization of $3.64 billion, a P/E ratio of 34.81, a price-to-earnings-growth ratio of 2.03 and a beta of 1.60. The company has a current ratio of 5.44, a quick ratio of 4.91 and a debt-to-equity ratio of 0.34.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Wednesday, October 24th. The semiconductor company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.03. Silicon Laboratories had a net margin of 7.45% and a return on equity of 12.48%. The business had revenue of $230.20 million for the quarter, compared to analysts’ expectations of $227.36 million. During the same quarter last year, the firm earned $0.90 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, sell-side analysts expect that Silicon Laboratories will post 2.77 earnings per share for the current year.

In other Silicon Laboratories news, SVP Alessandro Piovaccari sold 1,405 shares of Silicon Laboratories stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $92.90, for a total transaction of $130,524.50. Following the transaction, the senior vice president now owns 29,669 shares of the company’s stock, valued at approximately $2,756,250.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.96% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of SLAB. Frontier Capital Management Co. LLC increased its stake in shares of Silicon Laboratories by 310.3% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 551,776 shares of the semiconductor company’s stock worth $50,653,000 after purchasing an additional 417,299 shares during the last quarter. Eagle Asset Management Inc. increased its stake in shares of Silicon Laboratories by 54.0% during the 2nd quarter. Eagle Asset Management Inc. now owns 511,076 shares of the semiconductor company’s stock worth $50,903,000 after purchasing an additional 179,120 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Silicon Laboratories by 7,462.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 159,187 shares of the semiconductor company’s stock worth $224,000 after purchasing an additional 157,082 shares during the last quarter. FMR LLC increased its stake in shares of Silicon Laboratories by 1.2% during the 2nd quarter. FMR LLC now owns 6,484,660 shares of the semiconductor company’s stock worth $645,872,000 after purchasing an additional 75,633 shares during the last quarter. Finally, Price Wealth Management Inc. purchased a new stake in shares of Silicon Laboratories during the 3rd quarter worth approximately $6,190,000. Institutional investors own 92.37% of the company’s stock.

About Silicon Laboratories

Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, such as 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, including multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.

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Analyst Recommendations for Silicon Laboratories (NASDAQ:SLAB)

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