Silicon Laboratories (NASDAQ:SLAB) Upgraded at StockNews.com

StockNews.com upgraded shares of Silicon Laboratories (NASDAQ:SLAB) to a sell rating in a research note published on Wednesday.

Separately, Needham & Company LLC restated a “buy” rating and issued a $150.00 price objective on shares of Silicon Laboratories in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $138.57.

Silicon Laboratories Stock Performance

NASDAQ SLAB opened at $106.23 on Wednesday. Silicon Laboratories has a one year low of $84.08 and a one year high of $154.91. The firm’s fifty day moving average is $112.84 and its two-hundred day moving average is $115.75.

Insider Activity

In other news, SVP Brandon Tolany sold 845 shares of Silicon Laboratories stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total value of $97,175.00. Following the sale, the senior vice president now owns 43,615 shares of the company’s stock, valued at $5,015,725. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.72% of the company’s stock.

Institutional Trading of Silicon Laboratories

Several hedge funds and other institutional investors have recently made changes to their positions in SLAB. CWM LLC boosted its holdings in Silicon Laboratories by 185.0% during the second quarter. CWM LLC now owns 8,435 shares of the semiconductor company’s stock worth $933,000 after buying an additional 5,475 shares in the last quarter. Natixis purchased a new stake in Silicon Laboratories during the first quarter worth about $647,000. Vanguard Group Inc. boosted its holdings in Silicon Laboratories by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,489,160 shares of the semiconductor company’s stock worth $501,462,000 after buying an additional 24,997 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Silicon Laboratories by 284.6% during the second quarter. SG Americas Securities LLC now owns 7,076 shares of the semiconductor company’s stock worth $783,000 after buying an additional 5,236 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Silicon Laboratories by 31.7% during the first quarter. Russell Investments Group Ltd. now owns 52,578 shares of the semiconductor company’s stock worth $7,557,000 after buying an additional 12,667 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 industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.