Silicon Laboratories (NASDAQ:SLAB) Reaches New 1-Year High at $120.97
Silicon Laboratories (NASDAQ:SLAB) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $120.97 and last traded at $120.74, with a volume of 637 shares. The stock had previously closed at $119.23.
Several equities analysts recently issued reports on SLAB shares. BidaskClub upgraded Silicon Laboratories from a “sell” rating to a “hold” rating in a research report on Friday, December 13th. Needham & Company LLC reiterated a “hold” rating on shares of Silicon Laboratories in a research note on Thursday, October 24th. TheStreet raised Silicon Laboratories from a “c+” rating to a “b-” rating in a report on Wednesday, October 23rd. Zacks Investment Research upgraded Silicon Laboratories from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Finally, ValuEngine cut Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Silicon Laboratories has an average rating of “Hold” and a consensus target price of $119.00.
The stock has a market capitalization of $5.25 billion, a PE ratio of 218.89, a PEG ratio of 3.03 and a beta of 1.50. The firm’s fifty day moving average is $115.17 and its 200-day moving average is $110.09. The company has a quick ratio of 6.24, a current ratio of 6.78 and a debt-to-equity ratio of 0.34.
In other Silicon Laboratories news, SVP Sandeep P. Kumar sold 5,177 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $120.00, for a total transaction of $621,240.00. Following the transaction, the senior vice president now directly owns 44,850 shares in the company, valued at $5,382,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William G. Bock sold 1,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $109.84, for a total transaction of $109,840.00. Following the transaction, the director now owns 37,791 shares in the company, valued at $4,150,963.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,377 shares of company stock valued at $2,553,372. Company insiders own 2.10% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Nuveen Asset Management LLC grew its holdings in shares of Silicon Laboratories by 1,696.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 203,367 shares of the semiconductor company’s stock worth $21,028,000 after acquiring an additional 192,049 shares during the period. GW&K Investment Management LLC boosted its position in Silicon Laboratories by 13.3% during the third quarter. GW&K Investment Management LLC now owns 745,663 shares of the semiconductor company’s stock worth $83,029,000 after purchasing an additional 87,338 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Silicon Laboratories in the second quarter valued at $7,005,000. Lisanti Capital Growth LLC grew its holdings in Silicon Laboratories by 309.9% in the third quarter. Lisanti Capital Growth LLC now owns 62,485 shares of the semiconductor company’s stock valued at $6,958,000 after purchasing an additional 47,240 shares during the last quarter. Finally, Atria Investments LLC acquired a new stake in Silicon Laboratories in the second quarter valued at $1,147,000. 94.70% of the stock is owned by institutional investors.
About Silicon Laboratories (NASDAQ:SLAB)
Silicon Laboratories Inc, a fabless semiconductor company, designs, develops, and markets mixed-signal integrated circuits (ICs) in the United States, China, and internationally. The company offers Internet of things products, including 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, such as multiprotocol wireless Gecko system-on-chip devices; real-time operating systems; sensor products comprising optical, relative humidity/temperature, and hall effect magnetic sensors.
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