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

Silicon Laboratories (NASDAQ:SLAB) was upgraded by investment analysts at StockNews.com to a “sell” rating in a research note issued on Wednesday.

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price target on shares of Silicon Laboratories in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Silicon Laboratories currently has a consensus rating of “Hold” and an average price target of $138.57.

Silicon Laboratories Price Performance

Shares of SLAB opened at $103.86 on Wednesday. The company has a 50-day simple moving average of $113.27 and a two-hundred day simple moving average of $115.96. The firm has a market capitalization of $3.35 billion, a PE ratio of -31.38 and a beta of 1.19. Silicon Laboratories has a one year low of $74.56 and a one year high of $154.91.

Insider Activity at Silicon Laboratories

In other Silicon Laboratories news, SVP Brandon Tolany sold 845 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total value of $97,175.00. Following the sale, the senior vice president now directly owns 43,615 shares of the company’s stock, valued at approximately $5,015,725. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.72% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Silicon Laboratories

A number of institutional investors have recently made changes to their positions in SLAB. Capital Research Global Investors lifted its position in Silicon Laboratories by 29.9% in 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. Clearbridge Investments LLC lifted its holdings in shares of Silicon Laboratories by 84.0% during the second quarter. Clearbridge Investments LLC now owns 273,776 shares of the semiconductor company’s stock valued at $30,288,000 after purchasing an additional 125,022 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Silicon Laboratories by 29.5% during the second quarter. American Century Companies Inc. now owns 316,407 shares of the semiconductor company’s stock valued at $35,004,000 after buying an additional 72,138 shares during the last quarter. Van Berkom & Associates Inc. boosted its position in shares of Silicon Laboratories by 8.4% during the second quarter. Van Berkom & Associates Inc. now owns 609,232 shares of the semiconductor company’s stock valued at $67,399,000 after buying an additional 47,058 shares during the last quarter. Finally, Davidson Investment Advisors increased its holdings in Silicon Laboratories by 36.7% in the 2nd quarter. Davidson Investment Advisors now owns 131,453 shares of the semiconductor company’s stock worth $14,543,000 after buying an additional 35,317 shares in 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.