Silicon Laboratories (NASDAQ:SLAB) Earning Somewhat Favorable News Coverage, Study Finds
Media coverage about Silicon Laboratories (NASDAQ:SLAB) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Silicon Laboratories earned a news impact score of 0.22 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 45.3499821633869 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Silicon Laboratories, Inc. (NASDAQ:SLAB) Expected to Announce Quarterly Sales of $196.00 Million (americanbankingnews.com)
- Silicon Laboratories Inc (finance.yahoo.com)
- IHS Markit Score upgrades Silicon Laboratories Inc to 69 out of 100, despite ranking positively in only one IHS Markit category. (finance.yahoo.com)
- Silicon Labs’ Radio Solution Solves Automotive Industry Challenge of Scaling Price Points and Performance (finance.yahoo.com)
- Zacks: Brokerages Expect Silicon Laboratories, Inc. (NASDAQ:SLAB) to Post $0.57 Earnings Per Share (americanbankingnews.com)
Several analysts have recently commented on SLAB shares. BidaskClub cut Silicon Laboratories from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. Needham & Company LLC reiterated a “buy” rating and issued a $85.00 price target (up previously from $80.00) on shares of Silicon Laboratories in a report on Thursday, July 27th. Drexel Hamilton reiterated a “buy” rating and issued a $85.00 price target (up previously from $80.00) on shares of Silicon Laboratories in a report on Saturday, April 29th. Zacks Investment Research cut Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Friday, April 28th. Finally, Stifel Nicolaus raised their price target on Silicon Laboratories from $80.00 to $82.00 and gave the company a “buy” rating in a report on Monday, May 1st. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $80.70.
Silicon Laboratories (NASDAQ:SLAB) traded up 0.61% during trading on Friday, reaching $74.55. The company had a trading volume of 124,839 shares. The firm’s 50 day moving average price is $71.55 and its 200 day moving average price is $71.85. The firm has a market capitalization of $3.17 billion, a PE ratio of 44.45 and a beta of 1.25. Silicon Laboratories has a 12-month low of $52.00 and a 12-month high of $79.15.
Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, July 26th. The semiconductor company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.71 by $0.08. Silicon Laboratories had a return on equity of 11.15% and a net margin of 9.88%. The company had revenue of $190.10 million for the quarter, compared to analyst estimates of $186.46 million. During the same quarter in the prior year, the company earned $0.75 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. Analysts anticipate that Silicon Laboratories will post $3.06 earnings per share for the current year.
In related news, Director William P. Wood sold 5,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $74.45, for a total transaction of $372,250.00. Following the sale, the director now owns 35,526 shares in the company, valued at approximately $2,644,910.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO John C. Hollister sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $70.55, for a total value of $141,100.00. Following the sale, the chief financial officer now owns 74,767 shares in the company, valued at approximately $5,274,811.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,500 shares of company stock worth $7,322,125. 34.82% of the stock is owned by corporate insiders.
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Silicon Laboratories Company Profile
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.
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