Silicon Laboratories (NASDAQ:SLAB)‘s stock had its “buy” rating reiterated by equities research analysts at B. Riley in a note issued to investors on Monday.

Several other equities research analysts also recently weighed in on the company. Drexel Hamilton reaffirmed a “buy” rating and set a $103.00 price target (up from $85.00) on shares of Silicon Laboratories in a research report on Wednesday, October 25th. Zacks Investment Research downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Roth Capital increased their price target on Silicon Laboratories from $85.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. BidaskClub raised Silicon Laboratories from a “hold” rating to a “buy” rating in a research report on Saturday, January 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price target on shares of Silicon Laboratories in a research report on Monday, December 11th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $101.44.

Shares of Silicon Laboratories (SLAB) opened at $96.55 on Monday. The firm has a market capitalization of $4,256.51, a PE ratio of 57.81, a price-to-earnings-growth ratio of 2.58 and a beta of 1.37. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.20 and a current ratio of 5.66. Silicon Laboratories has a 12-month low of $64.60 and a 12-month high of $100.00.

In other news, Director William P. Wood sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $91.30, for a total transaction of $456,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Brandon Tolany sold 18,235 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $95.00, for a total value of $1,732,325.00. Following the sale, the senior vice president now owns 69,501 shares in the company, valued at $6,602,595. The disclosure for this sale can be found here. Insiders have sold a total of 31,066 shares of company stock worth $2,906,175 over the last 90 days. Insiders own 34.82% of the company’s stock.

Several large investors have recently bought and sold shares of SLAB. Vanguard Group Inc. grew its position in shares of Silicon Laboratories by 4.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,446,677 shares of the semiconductor company’s stock valued at $235,581,000 after acquiring an additional 154,654 shares during the period. TCW Group Inc. grew its position in shares of Silicon Laboratories by 164.9% during the 3rd quarter. TCW Group Inc. now owns 229,473 shares of the semiconductor company’s stock valued at $18,335,000 after acquiring an additional 142,832 shares during the period. Cortina Asset Management LLC grew its position in shares of Silicon Laboratories by 49.9% during the 3rd quarter. Cortina Asset Management LLC now owns 312,353 shares of the semiconductor company’s stock valued at $24,957,000 after acquiring an additional 103,956 shares during the period. Bank of New York Mellon Corp grew its position in shares of Silicon Laboratories by 9.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 920,839 shares of the semiconductor company’s stock valued at $73,574,000 after acquiring an additional 79,247 shares during the period. Finally, State Street Corp grew its position in shares of Silicon Laboratories by 5.1% during the 2nd quarter. State Street Corp now owns 1,520,505 shares of the semiconductor company’s stock valued at $103,925,000 after acquiring an additional 74,439 shares during the period. Hedge funds and other institutional investors own 90.68% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Silicon Laboratories (SLAB) Stock Rating Reaffirmed by B. Riley” was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this news story can be viewed at https://theolympiareport.com/2018/01/31/silicon-laboratories-slab-stock-rating-reaffirmed-by-b-riley.html.

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.

Analyst Recommendations for Silicon Laboratories (NASDAQ:SLAB)

Receive News & Ratings for Silicon Laboratories Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silicon Laboratories and related companies with MarketBeat.com's FREE daily email newsletter.