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

Silicon Laboratories Inc. (NASDAQ:SLAB - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight research firms that are covering the company, Marketbeat.com 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 target price among brokers that have issued a report on the stock in the last year is $140.00.

A number of equities research analysts have weighed in on the company. StockNews.com upgraded Silicon Laboratories to a "sell" rating in a research note on Wednesday. Needham & Company LLC restated a "buy" rating and set a $150.00 price objective on shares of Silicon Laboratories in a research note on Thursday, July 25th.

Silicon Laboratories Stock Performance

Shares of NASDAQ:SLAB traded up $2.37 during mid-day trading on Friday, hitting $106.23. 399,707 shares of the company traded hands, compared to its average volume of 187,954. The firm has a market cap of $3.43 billion, a P/E ratio of -17.13 and a beta of 1.20. Silicon Laboratories has a 52-week low of $84.08 and a 52-week high of $154.91. The firm's 50 day simple moving average is $112.84 and its 200 day simple moving average is $115.75.

Insider Buying and Selling at Silicon Laboratories

In other news, SVP Brandon Tolany sold 845 shares of the company's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total value of $97,175.00. Following the completion of the sale, the senior vice president now owns 43,615 shares in the company, valued at $5,015,725. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 1.72% of the stock is owned by company insiders.

Institutional Investors Weigh In On Silicon Laboratories

Several hedge funds have recently modified their holdings of SLAB. Cullen Frost Bankers Inc. acquired a new position in Silicon Laboratories during the second quarter valued at $28,000. Fidelis Capital Partners LLC acquired a new position in Silicon Laboratories during the first quarter valued at $55,000. GAMMA Investing LLC raised its position in 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 buying an additional 227 shares during the period. Daiwa Securities Group Inc. acquired a new position in Silicon Laboratories during the second quarter valued at $60,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Silicon Laboratories during the second quarter valued at $82,000.

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.