Silicon Laboratories Inc. (NASDAQ:SLAB) Receives $140.00 Average PT from Brokerages

Shares of Silicon Laboratories Inc. (NASDAQ:SLAB) have been assigned an average rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $140.00.

A number of research firms have commented on SLAB. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Silicon Laboratories in a report on Thursday, July 25th. StockNews.com raised shares of Silicon Laboratories to a “sell” rating in a report on Wednesday, October 30th.

Insider Activity

In other news, SVP Brandon Tolany sold 845 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total transaction of $97,175.00. Following the completion of the transaction, the senior vice president now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.72% of the company’s stock.

Institutional Investors Weigh In On Silicon Laboratories

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. bought a new stake in shares of Silicon Laboratories during the second quarter valued at about $28,000. Fidelis Capital Partners LLC bought a new stake in shares of Silicon Laboratories during the first quarter valued at about $55,000. GAMMA Investing LLC raised its stake in shares of Silicon Laboratories by 84.1% during the third quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 227 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Silicon Laboratories during the second quarter valued at about $60,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Silicon Laboratories during the first quarter valued at about $103,000.

Silicon Laboratories Price Performance

Silicon Laboratories stock opened at $104.74 on Friday. The company has a market cap of $3.38 billion, a PE ratio of -16.89 and a beta of 1.20. The company has a fifty day moving average price of $112.84 and a two-hundred day moving average price of $115.65. Silicon Laboratories has a 12 month low of $90.65 and a 12 month high of $154.91.

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.