Are Analysts Bullish Silicon Laboratories Inc. (NASDAQ:SLAB) After Last Week?

September 16, 2018 - By Mark Mitchell

Silicon Laboratories Inc. (NASDAQ:SLAB) LogoInvestors sentiment increased to 1.2 in Q2 2018. Its up 0.05, from 1.15 in 2018Q1. It improved, as 18 investors sold Silicon Laboratories Inc. shares while 73 reduced holdings. 29 funds opened positions while 80 raised stakes. 39.07 million shares or 2.27% more from 38.20 million shares in 2018Q1 were reported.
First Mercantile Tru invested in 6,844 shares or 0.14% of the stock. Rafferty Asset Management Lc has 46,685 shares. Swiss Bank, a Switzerland-based fund reported 74,200 shares. First Tru Lp holds 38,018 shares. The Louisiana-based Louisiana State Employees Retirement Sys has invested 0.05% in Silicon Laboratories Inc. (NASDAQ:SLAB). Van Berkom Assocs invested 2.09% in Silicon Laboratories Inc. (NASDAQ:SLAB). Segall Bryant And Hamill Limited Liability Company stated it has 15,691 shares. Profund Advsrs Limited reported 15,905 shares. Moreover, Jefferies Gru Llc has 0% invested in Silicon Laboratories Inc. (NASDAQ:SLAB). Pub Employees Retirement Association Of Colorado has invested 0% in Silicon Laboratories Inc. (NASDAQ:SLAB). X Co Ltd Company reported 34,228 shares stake. 69,400 were reported by Canada Pension Plan Investment Board. Retail Bank Of New York Mellon has 0.02% invested in Silicon Laboratories Inc. (NASDAQ:SLAB) for 850,234 shares. D E Shaw And accumulated 54,783 shares. California Public Employees Retirement Sys has 109,693 shares.

Since April 30, 2018, it had 0 buys, and 11 sales for $3.57 million activity. The insider LAZAR JACK R sold 4,750 shares worth $514,093. Another trade for 10,000 shares valued at $1.07 million was sold by Hollister John C. $205,974 worth of Silicon Laboratories Inc. (NASDAQ:SLAB) was sold by Piovaccari Alessandro on Friday, June 15. Tolany Brandon sold $18,960 worth of stock. BOCK WILLIAM G also sold $107,950 worth of Silicon Laboratories Inc. (NASDAQ:SLAB) shares. Shares for $143,544 were sold by Richardson Nina on Friday, June 1.

Silicon Laboratories Inc. (NASDAQ:SLAB) Ratings Coverage

Among 7 analysts covering Silicon Laboratories (NASDAQ:SLAB), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Silicon Laboratories had 7 analyst reports since April 6, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, April 25 by Drexel Hamilton. Stifel Nicolaus maintained the shares of SLAB in report on Friday, June 15 with “Buy” rating. B. Riley & Co maintained the shares of SLAB in report on Thursday, April 26 with “Buy” rating. Roth Capital maintained it with “Buy” rating and $12500 target in Monday, June 11 report. Below is a list of Silicon Laboratories Inc. (NASDAQ:SLAB) latest ratings and price target changes.

22/06/2018 Broker: Loop Capital Rating: Hold New Target: $116 Initiates Coverage On
15/06/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $110 New Target: $120 Maintain
11/06/2018 Broker: Roth Capital Rating: Buy New Target: $125.0000 Maintain
17/05/2018 Broker: Cowen & Co Rating: Outperform New Target: $125 Initiates Coverage On
26/04/2018 Broker: B. Riley & Co Old Rating: Buy New Rating: Buy Old Target: $115 New Target: $118 Maintain
25/04/2018 Broker: Drexel Hamilton Rating: Buy New Target: $111.0000 Maintain
06/04/2018 Broker: Benchmark Rating: Buy New Target: $120 Initiates Coverage On

The stock increased 1.66% or $1.55 during the last trading session, reaching $94.65. About 202,090 shares traded. Silicon Laboratories Inc. (NASDAQ:SLAB) has risen 22.03% since September 16, 2017 and is uptrending. It has outperformed by 6.41% the S&P500.

Silicon Laboratories Inc., a fabless semiconductor company, designs, develops, and markets mixed-signal analog intensive integrated circuits in the United States, China, and internationally. The company has market cap of $4.10 billion. The firm offers Internet of things products, such as 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; and wireless connectivity devices comprising a range of integrated and low power transceivers, as well as sensor products, including optical and relative humidity/temperature sensors. It has a 74.18 P/E ratio. It also provides broadcast products, including TV tuners and demodulators, and automotive radio tuners, as well as AM/FM, HD radio, and DAB/DAB+ receivers.

Silicon Laboratories Inc. (NASDAQ:SLAB) Institutional Positions Chart

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