Research Analysts’ Recent Ratings Changes for Silicon Laboratories (SLAB)

Several analysts have recently updated their ratings and price targets for Silicon Laboratories (NASDAQ: SLAB):

  • 2/8/2017 – Silicon Laboratories was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $84.00 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. “
  • 2/6/2017 – Silicon Laboratories had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $81.00 price target on the stock.
  • 2/2/2017 – Silicon Laboratories had its “hold” rating reaffirmed by analysts at Barclays PLC. They now have a $68.00 price target on the stock.
  • 2/1/2017 – Silicon Laboratories had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $81.00 price target on the stock.
  • 2/1/2017 – Silicon Laboratories had its price target raised by analysts at Drexel Hamilton from $72.00 to $77.00. They now have a “buy” rating on the stock.
  • 2/1/2017 – Silicon Laboratories was upgraded by analysts at Needham & Company LLC from a “hold” rating to a “buy” rating. They now have a $80.00 price target on the stock.
  • 1/31/2017 – Silicon Laboratories had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $71.00 price target on the stock.
  • 12/28/2016 – 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. “

Silicon Laboratories, Inc. (NASDAQ:SLAB) traded up 0.28% during trading on Monday, reaching $72.20. The company had a trading volume of 216,048 shares. The company has a 50-day moving average price of $67.64 and a 200 day moving average price of $61.32. Silicon Laboratories, Inc. has a one year low of $36.78 and a one year high of $75.60. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 49.79 and a beta of 1.21.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Wednesday, February 1st. The company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.10. Silicon Laboratories had a return on equity of 10.88% and a net margin of 8.81%. The business earned $183 million during the quarter, compared to analysts’ expectations of $178.57 million. During the same quarter in the prior year, the business earned $0.63 earnings per share. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. Analysts expect that Silicon Laboratories, Inc. will post $2.88 earnings per share for the current year.

In other Silicon Laboratories news, Director William G. Bock sold 3,000 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $64.05, for a total value of $192,150.00. Following the completion of the transaction, the director now owns 51,224 shares in the company, valued at $3,280,897.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Navdeep S. Sooch sold 50,000 shares of the stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $69.13, for a total value of $3,456,500.00. Following the completion of the transaction, the director now owns 424,756 shares of the company’s stock, valued at approximately $29,363,382.28. The disclosure for this sale can be found here. Insiders have sold 67,387 shares of company stock valued at $4,648,547 in the last 90 days. Company insiders own 2.75% 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 control, consumer and automotive markets. The Company provides customers with advantages in performance, energy savings, connectivity and design simplicity. It provides developers with the tools and technologies they need to advance from initial idea to final product.

5 Day Chart for NASDAQ:SLAB

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