Silicon Laboratories (NASDAQ:SLAB) Upgraded by StockNews.com to Sell Rating

StockNews.com upgraded shares of Silicon Laboratories (NASDAQ:SLAB) to a sell rating in a report released on Wednesday.

Separately, Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Silicon Laboratories in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Silicon Laboratories currently has an average rating of “Hold” and an average target price of $140.00.

Silicon Laboratories Price Performance

Shares of NASDAQ:SLAB opened at $106.23 on Wednesday. The firm has a market capitalization of $3.43 billion, a PE ratio of -17.13 and a beta of 1.20. The business has a 50 day simple moving average of $112.84 and a two-hundred day simple moving average of $115.75. Silicon Laboratories has a 1 year low of $84.08 and a 1 year high of $154.91.

Insider Buying and Selling

In other Silicon Laboratories news, SVP Brandon Tolany sold 845 shares of Silicon Laboratories stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total transaction of $97,175.00. Following the completion of the sale, the senior vice president now directly owns 43,615 shares of the company’s stock, valued at $5,015,725. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.72% of the stock is owned by insiders.

Institutional Investors Weigh In On Silicon Laboratories

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Silicon Laboratories by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,489,160 shares of the semiconductor company’s stock valued at $501,462,000 after purchasing an additional 24,997 shares in the last quarter. Capital Research Global Investors boosted its position in Silicon Laboratories by 29.9% during the 1st quarter. Capital Research Global Investors now owns 1,217,939 shares of the semiconductor company’s stock valued at $175,042,000 after acquiring an additional 280,000 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Silicon Laboratories by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 639,065 shares of the semiconductor company’s stock valued at $70,699,000 after acquiring an additional 12,680 shares during the period. Van Berkom & Associates Inc. raised its position in shares of Silicon Laboratories by 8.4% in the 2nd quarter. Van Berkom & Associates Inc. now owns 609,232 shares of the semiconductor company’s stock worth $67,399,000 after acquiring an additional 47,058 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of Silicon Laboratories by 2.2% during the 2nd quarter. Federated Hermes Inc. now owns 545,833 shares of the semiconductor company’s stock worth $60,386,000 after purchasing an additional 11,981 shares during the last quarter.

About Silicon Laboratories

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, and internationally. The company's products include wireless microcontrollers and sensor products. Its products are used in various electronic products in a range of applications for the industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.