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.
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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