Brokerages Set Silicon Laboratories (SLAB) PT at $104.38

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Shares of Silicon Laboratories (NASDAQ:SLAB) have been assigned a consensus rating of “Buy” from the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $104.38.

A number of equities research analysts have issued reports on SLAB shares. Zacks Investment Research raised shares of Silicon Laboratories from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Needham & Company LLC lowered shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. BidaskClub lowered shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th. Roth Capital cut their price objective on shares of Silicon Laboratories from $100.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, January 31st. Finally, Barclays reaffirmed a “hold” rating and set a $80.00 price objective on shares of Silicon Laboratories in a report on Thursday, January 31st.

In related news, Director Jack R. Lazar sold 750 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $109.75, for a total value of $82,312.50. Following the completion of the transaction, the director now directly owns 14,391 shares of the company’s stock, valued at $1,579,412.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Nina Richardson sold 913 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $91.41, for a total transaction of $83,457.33. Following the completion of the transaction, the director now directly owns 6,885 shares of the company’s stock, valued at $629,357.85. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of SLAB. NumerixS Investment Technologies Inc purchased a new position in shares of Silicon Laboratories in the fourth quarter valued at $71,000. Quadrant Capital Group LLC grew its holdings in shares of Silicon Laboratories by 866.0% in the first quarter. Quadrant Capital Group LLC now owns 995 shares of the semiconductor company’s stock valued at $79,000 after purchasing an additional 892 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Silicon Laboratories by 13.9% in the fourth quarter. Advisor Group Inc. now owns 1,345 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 164 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of Silicon Laboratories by 47.9% in the fourth quarter. Stephens Inc. AR now owns 2,015 shares of the semiconductor company’s stock valued at $159,000 after purchasing an additional 653 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of Silicon Laboratories in the first quarter valued at $161,000. 93.85% of the stock is owned by hedge funds and other institutional investors.

Silicon Laboratories stock opened at $92.99 on Friday. The company has a market capitalization of $4.03 billion, a P/E ratio of 32.51, a PEG ratio of 3.12 and a beta of 1.60. Silicon Laboratories has a 12-month low of $73.13 and a 12-month high of $110.70. The company has a quick ratio of 5.52, a current ratio of 6.04 and a debt-to-equity ratio of 0.34.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.12. Silicon Laboratories had a net margin of 7.35% and a return on equity of 10.74%. The business had revenue of $188.11 million during the quarter, compared to analyst estimates of $188.02 million. During the same period last year, the firm posted $0.87 EPS. The company’s revenue was down 8.4% on a year-over-year basis. Analysts forecast that Silicon Laboratories will post 2.04 EPS for the current year.

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, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as 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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