Other equities analysts have also recently issued research reports about the company. Cowen reissued an outperform rating and issued a $130.00 price objective (up previously from $98.00) on shares of Silicon Laboratories in a report on Thursday, April 25th. Needham & Company LLC reaffirmed a hold rating on shares of Silicon Laboratories in a report on Thursday, April 25th. Roth Capital upped their price target on Silicon Laboratories from $120.00 to $130.00 in a report on Thursday, July 25th. Benchmark initiated coverage on Silicon Laboratories in a report on Tuesday, July 23rd. They issued a buy rating and a $120.00 price target for the company. Finally, ValuEngine raised Silicon Laboratories from a hold rating to a buy rating in a report on Friday, April 19th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Silicon Laboratories currently has a consensus rating of Hold and an average target price of $109.70.
Shares of SLAB stock opened at $101.18 on Friday. The firm has a market cap of $4.39 billion, a PE ratio of 35.38, a PEG ratio of 3.22 and a beta of 1.57. The company has a 50-day moving average of $104.63. The company has a current ratio of 6.47, a quick ratio of 5.91 and a debt-to-equity ratio of 0.34. Silicon Laboratories has a 52-week low of $73.13 and a 52-week high of $115.29.
In other Silicon Laboratories news, Director William G. Bock sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $105.61, for a total transaction of $105,610.00. Following the completion of the sale, the director now directly owns 39,791 shares in the company, valued at approximately $4,202,327.51. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.10% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of SLAB. Quadrant Capital Group LLC grew its position 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 position 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. NN Investment Partners Holdings N.V. purchased a new stake in shares of Silicon Laboratories in the second quarter valued at approximately $165,000. FNY Investment Advisers LLC purchased a new stake in shares of Silicon Laboratories in the first quarter valued at approximately $161,000. Finally, World Asset Management Inc purchased a new stake in shares of Silicon Laboratories in the second quarter valued at approximately $210,000. Institutional investors own 92.18% 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, 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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