Several brokerages have updated their recommendations and price targets on shares of Silicon Laboratories (NASDAQ: SLAB) in the last few weeks:

  • 9/27/2017 – Silicon Laboratories was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Silicon Laboratories Inc. is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market. It provides a range of timing and isolation products for infrastructure applications, including clocks and oscillators for networking equipment, data centers and wireless base stations, as well as digital isolators and current sensors for industrial power supplies and hybrid-electric vehicles. It provides broadcast products, such as television tuners and demodulators and automotive radio tuners, and access products, including subscriber line interface circuits for voice over Internet Protocol, embedded modems, and Power over Ethernet power source equipment and powered device integrated circuits. “
  • 9/20/2017 – Silicon Laboratories was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $88.00 price target on the stock. According to Zacks, “Silicon Laboratories Inc. design and develop proprietary, analog-intensive, mixed-signal integrated circuits for the rapidly growing communications industry. Mixed-signal integrated circuits are electronic components that convert real-world analog signals, such as sound and radio waves, into digital signals that electronic products can process. Mixed-signal integrated circuits are critical components of numerous communications products, including cellular telephones, cable and satellite set-top boxes, modems and fax machines. “
  • 9/19/2017 – Silicon Laboratories was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Silicon Laboratories Inc. design and develop proprietary, analog-intensive, mixed-signal integrated circuits for the rapidly growing communications industry. Mixed-signal integrated circuits are electronic components that convert real-world analog signals, such as sound and radio waves, into digital signals that electronic products can process. Mixed-signal integrated circuits are critical components of numerous communications products, including cellular telephones, cable and satellite set-top boxes, modems and fax machines. “
  • 9/18/2017 – Silicon Laboratories had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $85.00 price target on the stock.
  • 8/26/2017 – Silicon Laboratories was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $82.00 price target on the stock. According to Zacks, “Silicon Laboratories Inc. design and develop proprietary, analog-intensive, mixed-signal integrated circuits for the rapidly growing communications industry. Mixed-signal integrated circuits are electronic components that convert real-world analog signals, such as sound and radio waves, into digital signals that electronic products can process. Mixed-signal integrated circuits are critical components of numerous communications products, including cellular telephones, cable and satellite set-top boxes, modems and fax machines. “
  • 8/25/2017 – Silicon Laboratories was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Silicon Laboratories Inc. design and develop proprietary, analog-intensive, mixed-signal integrated circuits for the rapidly growing communications industry. Mixed-signal integrated circuits are electronic components that convert real-world analog signals, such as sound and radio waves, into digital signals that electronic products can process. Mixed-signal integrated circuits are critical components of numerous communications products, including cellular telephones, cable and satellite set-top boxes, modems and fax machines. “
  • 8/16/2017 – Silicon Laboratories was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of Silicon Laboratories, Inc. (SLAB) opened at 81.45 on Tuesday. Silicon Laboratories, Inc. has a 52 week low of $55.97 and a 52 week high of $81.95. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 48.48 and a beta of 1.28. The stock’s 50 day moving average is $76.54 and its 200 day moving average is $73.38.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.08. The business had revenue of $190.10 million during the quarter, compared to analyst estimates of $186.46 million. Silicon Laboratories had a return on equity of 11.15% and a net margin of 9.88%. Silicon Laboratories’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 EPS. On average, equities analysts forecast that Silicon Laboratories, Inc. will post $3.06 EPS for the current year.

In related news, CEO George Tyson Tuttle sold 3,713 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $80.00, for a total transaction of $297,040.00. Following the transaction, the chief executive officer now owns 204,879 shares in the company, valued at $16,390,320. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO John C. Hollister sold 2,000 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $78.45, for a total transaction of $156,900.00. Following the transaction, the chief financial officer now owns 66,767 shares in the company, valued at approximately $5,237,871.15. The disclosure for this sale can be found here. Insiders sold 43,500 shares of company stock valued at $3,393,429 over the last quarter. Company insiders own 34.82% of the company’s stock.

Silicon Laboratories Inc is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market.

Receive News & Ratings for Silicon Laboratories Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicon Laboratories Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.