Silicon Laboratories (SLAB) Stock Rating Reaffirmed by Drexel Hamilton

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.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Wednesday, January 31st. The semiconductor company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. The business had revenue of $201.02 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 EPS. sell-side analysts expect that Silicon Laboratories will post 2.59 earnings per share for the current fiscal year.

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.

Analyst Recommendations for Silicon Laboratories (NASDAQ:SLAB)

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