Drexel Hamilton reissued their buy rating on shares of Silicon Laboratories (NASDAQ:SLAB) in a research note published on Wednesday morning, MarketBeat Ratings reports. Drexel Hamilton currently has a $111.00 price objective on the semiconductor company’s stock, up from their previous price objective of $103.00.
Other equities analysts have also recently issued research reports about the company. B. Riley lifted their price objective on Silicon Laboratories from $90.00 to $115.00 and gave the company a buy rating in a research note on Thursday, October 26th. Canaccord Genuity lifted their price objective on Silicon Laboratories from $95.00 to $98.00 and gave the company a buy rating in a research note on Thursday, October 26th. Needham & Company LLC lifted their price objective on Silicon Laboratories from $85.00 to $110.00 and gave the company a buy rating in a research note on Thursday, October 26th. Roth Capital lifted their price objective on Silicon Laboratories from $85.00 to $100.00 and gave the company a buy rating in a research note on Tuesday, October 24th. Finally, Zacks Investment Research upgraded Silicon Laboratories from a hold rating to a buy rating and set a $98.00 price objective for the company in a research note on Saturday, October 14th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Silicon Laboratories presently has a consensus rating of Buy and an average price target of $102.89.
Silicon Laboratories (SLAB) opened at $95.40 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.84 and a quick ratio of 5.20. The stock has a market capitalization of $4,166.22, a PE ratio of 87.52, a PEG ratio of 2.51 and a beta of 1.41. Silicon Laboratories has a 52 week low of $66.35 and a 52 week high of $100.00.
In related news, SVP Brandon Tolany sold 18,235 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $95.00, for a total transaction of $1,732,325.00. Following the completion of the sale, the senior vice president now owns 69,501 shares in the company, valued at $6,602,595. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $456,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,866 shares of company stock valued at $2,425,025. 34.82% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. lifted its stake in Silicon Laboratories by 75.1% during the third quarter. Advisors Asset Management Inc. now owns 1,292 shares of the semiconductor company’s stock worth $103,000 after purchasing an additional 554 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Silicon Laboratories during the second quarter worth approximately $102,000. Public Employees Retirement Association of Colorado purchased a new stake in Silicon Laboratories during the fourth quarter worth approximately $155,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Silicon Laboratories by 52.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,479 shares of the semiconductor company’s stock worth $219,000 after purchasing an additional 856 shares during the last quarter. Finally, World Asset Management Inc purchased a new stake in Silicon Laboratories during the third quarter worth approximately $216,000. Hedge funds and other institutional investors own 90.68% of the company’s stock.
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About Silicon Laboratories
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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