Silicon Laboratories (NASDAQ:SLAB) had its price target increased by Roth Capital from $95.00 to $110.00 in a research report sent to investors on Thursday, The Fly reports. Roth Capital currently has a buy rating on the semiconductor company’s stock.
Several other brokerages also recently issued reports on SLAB. Zacks Investment Research raised Silicon Laboratories from a hold rating to a buy rating and set a $101.00 target price on the stock in a research note on Saturday, January 26th. Needham & Company LLC reissued a buy rating and set a $100.00 target price on shares of Silicon Laboratories in a research note on Thursday, January 24th. Finally, BidaskClub raised Silicon Laboratories from a sell rating to a hold rating in a research note on Friday, April 5th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $101.10.
Shares of SLAB opened at $92.75 on Thursday. The company has a market cap of $4.02 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 3.40 and a beta of 1.47. Silicon Laboratories has a 12-month low of $73.13 and a 12-month high of $110.70. The company has a debt-to-equity ratio of 0.33, a quick ratio of 5.19 and a current ratio of 5.71.
In other Silicon Laboratories news, Director William G. Bock sold 1,000 shares of Silicon Laboratories stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $87.74, for a total value of $87,740.00. Following the sale, the director now owns 38,751 shares of the company’s stock, valued at approximately $3,400,012.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Advisor Group Inc. increased its stake in Silicon Laboratories by 13.9% in the 4th quarter. Advisor Group Inc. now owns 1,345 shares of the semiconductor company’s stock worth $106,000 after acquiring an additional 164 shares during the last quarter. Arizona State Retirement System increased its stake in Silicon Laboratories by 0.6% in the 4th quarter. Arizona State Retirement System now owns 30,969 shares of the semiconductor company’s stock worth $2,441,000 after acquiring an additional 188 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Silicon Laboratories by 9.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,923 shares of the semiconductor company’s stock worth $230,000 after acquiring an additional 241 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Silicon Laboratories by 1.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 17,230 shares of the semiconductor company’s stock worth $1,358,000 after acquiring an additional 305 shares during the last quarter. Finally, Xact Kapitalforvaltning AB boosted its holdings in shares of Silicon Laboratories by 6.0% in the 4th quarter. Xact Kapitalforvaltning AB now owns 7,037 shares of the semiconductor company’s stock worth $555,000 after purchasing an additional 400 shares during the period. 92.86% of the stock is currently owned by institutional investors and hedge funds.
Silicon Laboratories Company Profile
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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