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.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.12. Silicon Laboratories had a return on equity of 9.33% and a net margin of 2.96%. The company had revenue of $223.30 million for the quarter, compared to analyst estimates of $217.97 million. During the same quarter in the previous year, the company earned $1.01 EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, analysts expect that Silicon Laboratories will post 2.21 EPS for the current year.

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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