News coverage about Silicon Labs (NASDAQ:SLAB) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Silicon Labs earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 47.2661444436585 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Silicon Labs and Calnex Simplify SyncE Design and Testing with Proven Solution Using Marvell Alaska C 25GbE/100GbE Transceivers (eejournal.com)
- The Tinkerings of Robert Noyce (esquire.com)
- Financial Contrast: Silicon Labs (SLAB) vs. Kulicke and Soffa Industries (KLIC) (americanbankingnews.com)
- Financial Survey: Silicon Labs (SLAB) vs. Sigma Designs (SIGM) (americanbankingnews.com)
- Silicon Labs (SLAB) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
Several research firms recently commented on SLAB. B. Riley restated a “buy” rating on shares of Silicon Labs in a report on Monday, January 29th. Zacks Investment Research cut shares of Silicon Labs from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Drexel Hamilton restated a “buy” rating and set a $111.00 price target (up from $103.00) on shares of Silicon Labs in a report on Wednesday, January 31st. Roth Capital raised their price target on shares of Silicon Labs from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Finally, Stifel Nicolaus restated a “buy” rating and set a $108.00 price target (up from $100.00) on shares of Silicon Labs in a report on Thursday, January 18th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $108.11.
Silicon Labs (NASDAQ:SLAB) last posted its earnings results on Wednesday, April 25th. The semiconductor company reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.11. The firm had revenue of $205.38 million during the quarter, compared to analysts’ expectations of $199.33 million. Silicon Labs had a net margin of 7.30% and a return on equity of 11.67%. The company’s revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 earnings per share. analysts anticipate that Silicon Labs will post 2.63 EPS for the current fiscal year.
In other news, SVP Brandon Tolany sold 9,060 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $91.47, for a total value of $828,718.20. Following the completion of the sale, the senior vice president now directly owns 44,246 shares in the company, valued at $4,047,181.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Sandeep P. Kumar sold 5,750 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $100.00, for a total transaction of $575,000.00. Following the completion of the sale, the senior vice president now owns 41,633 shares of the company’s stock, valued at $4,163,300. The disclosure for this sale can be found here. Insiders sold 15,010 shares of company stock valued at $1,422,678 over the last quarter. Corporate insiders own 1.96% of the company’s stock.
Silicon Labs Company Profile
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, such as 8-bit mixed-signal, 32-bit wireless, and ultra-low-power 32-bit microcontrollers; wireless connectivity devices, including 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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