Silicon Laboratories Inc. (NASDAQ:SLAB) Receives Average Recommendation of “Moderate Buy” from Brokerages

Silicon Laboratories Inc. (NASDAQ:SLAB) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $140.00.

Several research analysts have recently weighed in on SLAB shares. StockNews.com raised shares of Silicon Laboratories to a “sell” rating in a research report on Wednesday. Needham & Company LLC reissued a “buy” rating and issued a $150.00 target price on shares of Silicon Laboratories in a research report on Thursday, July 25th.

Insider Transactions at Silicon Laboratories

In other news, SVP Brandon Tolany sold 845 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total transaction of $97,175.00. Following the transaction, the senior vice president now directly owns 43,615 shares in the company, valued at approximately $5,015,725. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.72% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Silicon Laboratories

Hedge funds have recently added to or reduced their stakes in the stock. CWM LLC boosted its stake in Silicon Laboratories by 185.0% during the second quarter. CWM LLC now owns 8,435 shares of the semiconductor company’s stock valued at $933,000 after buying an additional 5,475 shares during the last quarter. Natixis acquired a new position in shares of Silicon Laboratories during the 1st quarter worth approximately $647,000. Vanguard Group Inc. lifted its holdings in Silicon Laboratories by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,489,160 shares of the semiconductor company’s stock valued at $501,462,000 after acquiring an additional 24,997 shares during the last quarter. SG Americas Securities LLC lifted its stake in Silicon Laboratories by 284.6% during the second quarter. SG Americas Securities LLC now owns 7,076 shares of the semiconductor company’s stock worth $783,000 after purchasing an additional 5,236 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Silicon Laboratories by 31.7% during the first quarter. Russell Investments Group Ltd. now owns 52,578 shares of the semiconductor company’s stock worth $7,557,000 after purchasing an additional 12,667 shares in the last quarter.

Silicon Laboratories Trading Up 2.3 %

Shares of NASDAQ:SLAB opened at $106.23 on Friday. The firm’s 50 day moving average is $112.84 and its two-hundred day moving average is $115.75. The firm has a market capitalization of $3.43 billion, a P/E ratio of -17.13 and a beta of 1.19. Silicon Laboratories has a 52 week low of $84.08 and a 52 week high of $154.91.

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.