Silicon Laboratories (NASDAQ:SLAB – Free Report) had its price target upped by TD Cowen from $140.00 to $155.00 in a research report report published on Thursday, Briefing.com reports. They currently have an outperform rating on the semiconductor company’s stock.
Other analysts have also issued research reports about the stock. KeyCorp lowered their target price on shares of Silicon Laboratories from $180.00 to $130.00 and set an overweight rating for the company in a report on Thursday, November 2nd. Morgan Stanley lowered their target price on shares of Silicon Laboratories from $154.00 to $110.00 and set an equal weight rating for the company in a report on Monday, October 30th. Barclays lifted their target price on shares of Silicon Laboratories from $80.00 to $120.00 and gave the stock an equal weight rating in a report on Tuesday, January 16th. TheStreet lowered shares of Silicon Laboratories from a c rating to a d+ rating in a report on Thursday, November 2nd. Finally, StockNews.com lowered shares of Silicon Laboratories from a hold rating to a sell rating in a report on Friday, December 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Silicon Laboratories presently has an average rating of Hold and an average target price of $143.29.
Silicon Laboratories Price Performance
In other news, CEO Robert Matthew Johnson sold 3,679 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $108.22, for a total value of $398,141.38. Following the completion of the transaction, the chief executive officer now owns 31,050 shares of the company’s stock, valued at approximately $3,360,231. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.96% of the stock is owned by company insiders.
Institutional Investors Weigh In On Silicon Laboratories
Several institutional investors have recently added to or reduced their stakes in SLAB. Norges Bank bought a new stake in Silicon Laboratories in the 4th quarter valued at $34,161,000. Adage Capital Partners GP L.L.C. bought a new stake in Silicon Laboratories in the 3rd quarter valued at $24,453,000. Renaissance Technologies LLC lifted its position in Silicon Laboratories by 338.0% in the 1st quarter. Renaissance Technologies LLC now owns 232,998 shares of the semiconductor company’s stock valued at $34,996,000 after acquiring an additional 179,800 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in Silicon Laboratories by 36.2% in the 3rd quarter. Van Berkom & Associates Inc. now owns 572,762 shares of the semiconductor company’s stock valued at $66,377,000 after acquiring an additional 152,269 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in Silicon Laboratories by 601.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 154,600 shares of the semiconductor company’s stock valued at $27,069,000 after acquiring an additional 132,567 shares in the last quarter.
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 Internet of Things (IoT), including connected home and security, industrial automation and control, smart metering, smart lighting, commercial building automation, consumer electronics, asset tracking, and medical instrumentation.
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