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

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

Other research analysts have also recently issued research reports about the company. Stifel Nicolaus cut their target price on Silicon Laboratories from $145.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. KeyCorp upped their price objective on Silicon Laboratories from $115.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Needham & Company LLC reiterated a “buy” rating and set a $150.00 target price on shares of Silicon Laboratories in a research report on Wednesday. Barclays cut their price target on shares of Silicon Laboratories from $120.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Finally, Susquehanna lifted their price objective on shares of Silicon Laboratories from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $126.50.

Silicon Laboratories Price Performance

Shares of NASDAQ SLAB opened at $133.17 on Wednesday. Silicon Laboratories has a 1-year low of $82.82 and a 1-year high of $160.00. The business’s 50 day moving average is $108.58 and its two-hundred day moving average is $120.93. The stock has a market capitalization of $4.32 billion, a P/E ratio of -22.42 and a beta of 1.36.

Insider Activity

In other news, Director Christy Wyatt sold 546 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $104.45, for a total transaction of $57,029.70. Following the completion of the transaction, the director now directly owns 8,492 shares in the company, valued at $886,989.40. This trade represents a 6.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William G. Bock sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $149.43, for a total value of $149,430.00. Following the transaction, the director now owns 31,115 shares of the company’s stock, valued at $4,649,514.45. This trade represents a 3.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,718 shares of company stock valued at $358,820. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SLAB. Quarry LP acquired a new stake in Silicon Laboratories in the first quarter valued at approximately $25,000. Jones Financial Companies Lllp increased its position in shares of Silicon Laboratories by 44.5% in the 4th quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 69 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Silicon Laboratories in the 1st quarter valued at $34,000. UMB Bank n.a. lifted its position in shares of Silicon Laboratories by 111.3% during the 1st quarter. UMB Bank n.a. now owns 336 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 177 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Silicon Laboratories by 143.7% during the first quarter. Parallel Advisors LLC now owns 463 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 273 shares in the last quarter.

Silicon Laboratories Company Profile

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.