Investment Analysts’ Recent Ratings Changes 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 B. Riley from $90.00 to $115.00. 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.
  • 10/25/2017 – 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.

Silicon Laboratories, Inc. (SLAB) opened at $90.80 on Wednesday. Silicon Laboratories, Inc. has a one year low of $61.80 and a one year high of $95.55. The company has a market capitalization of $3,862.79, a price-to-earnings ratio of 39.80, a P/E/G ratio of 2.68 and a beta of 1.40. The company has a current ratio of 5.66, a quick ratio of 5.20 and a debt-to-equity ratio of 0.40.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.09. The business had revenue of $198.70 million during the quarter, compared to analysts’ expectations of $196.20 million. Silicon Laboratories had a return on equity of 11.06% and a net margin of 9.60%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.77 EPS. analysts anticipate that Silicon Laboratories, Inc. will post 2.25 earnings per share for the current fiscal year.

In other Silicon Laboratories news, CFO John C. Hollister sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $78.45, for a total transaction of $156,900.00. Following the completion of the sale, the chief financial officer now directly owns 66,767 shares of the company’s stock, valued at approximately $5,237,871.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William P. Wood sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $92.50, for a total value of $462,500.00. Following the sale, the director now directly owns 30,526 shares of the company’s stock, valued at $2,823,655. The disclosure for this sale can be found here. Insiders sold a total of 46,200 shares of company stock valued at $3,752,229 over the last three months. Company 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.

Receive News & Ratings for Silicon Laboratories Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicon Laboratories Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply