Silicon Laboratories (NASDAQ:SLAB) PT Raised to $165.00

Silicon Laboratories (NASDAQ:SLABFree Report) had its target price increased by JPMorgan Chase & Co. from $145.00 to $165.00 in a report released on Thursday morning, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the semiconductor company’s stock.

SLAB has been the subject of a number of other research reports. StockNews.com cut shares of Silicon Laboratories from a hold rating to a sell rating in a research report on Friday, December 29th. TD Cowen lifted their target price on shares of Silicon Laboratories from $140.00 to $155.00 and gave the stock an outperform rating in a research report on Thursday. 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 research report on Tuesday, January 16th. Morgan Stanley cut 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 research report on Monday, October 30th. Finally, TheStreet cut shares of Silicon Laboratories from a c rating to a d+ rating in a research report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $143.29.

View Our Latest Stock Report on Silicon Laboratories

Silicon Laboratories Stock Up 3.8 %

Shares of NASDAQ SLAB opened at $142.46 on Thursday. Silicon Laboratories has a 52 week low of $74.56 and a 52 week high of $194.68. The firm has a 50-day moving average price of $125.83 and a 200 day moving average price of $120.10. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of -126.07 and a beta of 1.26.

Insider Activity at Silicon Laboratories

In related news, CEO Robert Matthew Johnson sold 3,679 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 31,050 shares in the company, valued at $3,360,231. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.96% of the stock is owned by insiders.

Institutional Investors Weigh In On Silicon Laboratories

A number of institutional investors have recently bought and sold shares of SLAB. Norges Bank purchased a new stake in Silicon Laboratories in the fourth quarter valued at approximately $34,161,000. Adage Capital Partners GP L.L.C. purchased a new stake in Silicon Laboratories during the third quarter worth approximately $24,453,000. Renaissance Technologies LLC grew its stake in Silicon Laboratories by 338.0% during the first quarter. Renaissance Technologies LLC now owns 232,998 shares of the semiconductor company’s stock worth $34,996,000 after buying an additional 179,800 shares during the period. Van Berkom & Associates Inc. grew its stake in Silicon Laboratories by 36.2% during the third quarter. Van Berkom & Associates Inc. now owns 572,762 shares of the semiconductor company’s stock worth $66,377,000 after buying an additional 152,269 shares during the period. Finally, Cubist Systematic Strategies LLC grew its stake in Silicon Laboratories by 601.7% during the first quarter. Cubist Systematic Strategies LLC now owns 154,600 shares of the semiconductor company’s stock worth $27,069,000 after buying an additional 132,567 shares during the period.

About Silicon Laboratories

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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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