Silicon Labs (SLAB) Lifted to Buy at ValuEngine

Silicon Labs (NASDAQ:SLAB) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Thursday.

A number of other analysts have also recently commented on the stock. Benchmark began coverage on shares of Silicon Labs in a research note on Friday, April 6th. They set a “buy” rating and a $120.00 price target on the stock. Zacks Investment Research upgraded shares of Silicon Labs from a “sell” rating to a “hold” rating in a research note on Thursday, April 5th. Needham & Company LLC restated a “buy” rating and set a $115.00 price target (up from $110.00) on shares of Silicon Labs in a research note on Thursday, February 1st. Drexel Hamilton restated a “buy” rating and set a $111.00 price target (up from $103.00) on shares of Silicon Labs in a research note on Wednesday, January 31st. Finally, Roth Capital upped their price target on shares of Silicon Labs from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $104.60.

Shares of Silicon Labs stock traded up $1.90 on Thursday, reaching $94.15. 201,009 shares of the company traded hands, compared to its average volume of 241,076. Silicon Labs has a 52 week low of $66.35 and a 52 week high of $101.90. The company has a market capitalization of $3,963.08, a P/E ratio of 40.06, a P/E/G ratio of 2.43 and a beta of 1.42. The company has a quick ratio of 5.39, a current ratio of 5.84 and a debt-to-equity ratio of 0.36.



Silicon Labs (NASDAQ:SLAB) last announced its quarterly earnings results on Wednesday, January 31st. The semiconductor company reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.07. The company had revenue of $201.02 million for the quarter, compared to analysts’ expectations of $197.93 million. Silicon Labs had a net margin of 6.12% and a return on equity of 11.11%. Silicon Labs’s revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. equities analysts expect that Silicon Labs will post 2.52 EPS for the current fiscal year.

In other Silicon Labs news, SVP Sandeep P. Kumar sold 5,750 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $100.00, for a total value of $575,000.00. Following the sale, the senior vice president now directly owns 41,633 shares in the company, valued at approximately $4,163,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brandon Tolany sold 18,235 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $95.00, for a total transaction of $1,732,325.00. Following the completion of the sale, the senior vice president now owns 69,501 shares in the company, valued at $6,602,595. The disclosure for this sale can be found here. Insiders sold a total of 35,676 shares of company stock worth $3,378,918 over the last quarter. Corporate insiders own 1.96% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement Association of Colorado purchased a new stake in Silicon Labs in the 4th quarter worth approximately $155,000. M&T Bank Corp purchased a new stake in Silicon Labs in the 4th quarter worth approximately $202,000. Amundi Pioneer Asset Management Inc. purchased a new stake in Silicon Labs in the 4th quarter worth approximately $203,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Silicon Labs by 52.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,479 shares of the semiconductor company’s stock worth $219,000 after purchasing an additional 856 shares in the last quarter. Finally, First Republic Investment Management Inc. purchased a new stake in Silicon Labs in the 4th quarter worth approximately $220,000. Institutional investors and hedge funds own 89.57% of the company’s stock.

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About Silicon Labs

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, such as 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, including multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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