Silicon Laboratories (NASDAQ:SLAB) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of Silicon Laboratories (NASDAQ:SLAB) to a sell rating in a report published on Wednesday.

Separately, Needham & Company LLC reissued a “buy” rating and issued a $150.00 price target on shares of Silicon Laboratories in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Silicon Laboratories presently has an average rating of “Hold” and an average target price of $138.57.

Silicon Laboratories Price Performance

NASDAQ SLAB opened at $111.83 on Wednesday. The company has a 50 day simple moving average of $113.27 and a 200-day simple moving average of $115.96. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of -33.79 and a beta of 1.19. Silicon Laboratories has a 52-week low of $74.56 and a 52-week high of $154.91.

Insider Activity at Silicon Laboratories

In other Silicon Laboratories news, SVP Brandon Tolany sold 845 shares of the stock in a transaction that occurred on 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 owns 43,615 shares in the company, valued at $5,015,725. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.72% of the company’s stock.

Hedge Funds Weigh In On Silicon Laboratories

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. acquired a new position in Silicon Laboratories during the second quarter valued at approximately $28,000. Fidelis Capital Partners LLC acquired a new position in Silicon Laboratories during the first quarter valued at approximately $55,000. GAMMA Investing LLC grew its holdings 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 purchasing an additional 227 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in Silicon Laboratories during the second quarter valued at approximately $60,000. Finally, Lazard Asset Management LLC acquired a new position in Silicon Laboratories during the first quarter valued at approximately $103,000.

About Silicon Laboratories

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.