Silicon Laboratories (SLAB) Given New $110.00 Price Target at Roth Capital

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.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Wednesday, January 30th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.03). The business had revenue of $215.50 million for the quarter, compared to the consensus estimate of $224.21 million. Silicon Laboratories had a net margin of 9.63% and a return on equity of 12.13%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $0.93 EPS. On average, equities analysts expect that Silicon Laboratories will post 1.82 EPS for the current year.

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.

Featured Article: What are Closed-End Mutual Funds?

The Fly

Analyst Recommendations for Silicon Laboratories (NASDAQ:SLAB)

Receive News & Ratings for Silicon Laboratories Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicon Laboratories and related companies with MarketBeat.com's FREE daily email newsletter.