Silicon Laboratories (NASDAQ:SLAB – Get Rating) had its target price cut by analysts at Cowen from $205.00 to $180.00 in a research report issued on Thursday, The Fly reports. Cowen’s price objective indicates a potential upside of 35.75% from the stock’s current price.
SLAB has been the subject of several other reports. Stifel Nicolaus boosted their price target on Silicon Laboratories from $200.00 to $210.00 in a research note on Wednesday. Morgan Stanley reduced their price target on Silicon Laboratories from $208.00 to $156.00 and set an “equal weight” rating for the company in a research note on Monday. Barclays boosted their price target on Silicon Laboratories from $160.00 to $185.00 in a research note on Wednesday, January 12th. StockNews.com started coverage on Silicon Laboratories in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $186.50.
Shares of NASDAQ SLAB opened at $132.60 on Thursday. Silicon Laboratories has a 12 month low of $120.15 and a 12 month high of $211.98. The stock has a 50 day moving average of $143.52 and a 200-day moving average of $169.04. The company has a market capitalization of $5.06 billion, a P/E ratio of 2.80 and a beta of 1.24.
In other Silicon Laboratories news, SVP Brandon Tolany sold 986 shares of the company’s stock in a transaction dated Wednesday, February 16th. The stock was sold at an average price of $157.98, for a total value of $155,768.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nina Richardson sold 473 shares of the company’s stock in a transaction dated Friday, April 22nd. The stock was sold at an average price of $129.60, for a total value of $61,300.80. Following the completion of the transaction, the director now directly owns 8,171 shares of the company’s stock, valued at approximately $1,058,961.60. The disclosure for this sale can be found here. Insiders have sold a total of 2,459 shares of company stock valued at $372,379 in the last three months. 1.61% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC acquired a new position in Silicon Laboratories in the 4th quarter worth about $26,000. Fifth Third Bancorp increased its holdings in Silicon Laboratories by 113.3% in the 4th quarter. Fifth Third Bancorp now owns 128 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 68 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Silicon Laboratories by 177.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 136 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 87 shares in the last quarter. Quent Capital LLC acquired a new position in Silicon Laboratories in the 4th quarter worth about $30,000. Finally, Covestor Ltd acquired a new position in Silicon Laboratories in the 4th quarter worth about $37,000. 95.97% of the stock is owned by institutional investors and hedge funds.
Silicon Laboratories Company Profile (Get Rating)
Silicon Laboratories Inc, a fabless semiconductor company, provides mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers microcontrollers and wireless products, including 8-bit mixed-signal and ultra-low-power 32-bit microcontrollers (MCU); wireless MCU connectivity solutions; single and multi-protocol system-on-chip (SoC) devices and modules; wireless protocols, MCUs, and SoCs; in-house protocol stacks; Micrium, a real-time operating system that helps simplify software development for IoT developers.It also provides sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors; timing devices; multi-channel isolators, isolated drivers, isolated power converters, and mixed-signal devices; broadcast products, which include single-chip hybrid TV tuners and digital video demodulators, as well as AM/FM, HD radio, and DAB/DAB+ receivers; and hybrid software defined radio tuners, data receivers, and digital radio coprocessors.
- Get a free copy of the StockNews.com research report on Silicon Laboratories (SLAB)
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