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Stifel announced Silicon Labs (NASDAQ:SLAB), bumping up its stock price target to $95.00 today

Just yesterday Silicon Labs (NASDAQ:SLAB) traded 2.55% higher at $86.50. Silicon Labs’s 50-day moving average is $78.48 and its 200-day moving average is $73.94. The last closing price is up 16.99% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 270,936 shares of SLAB traded hands, up from an average trading volume of 246,232

In a report released on Thursday October 12, 2017 Stifel increased the stock price target of Silicon Labs (NASDAQ:SLAB) from $85.00 to $95.00 reporting a possible upside of 0.10%.

Previously on Thursday July 27, 2017, Needham reported on Silicon Labs (NASDAQ:SLAB) increased the target price from $80.00 to $85.00. At the time, this indicated a possible upside of 0.10%.

Recent Performance Chart

Silicon Labs (NASDAQ:SLAB)

Silicon Labs has 52 week low of $55.97 and a 52 week high of $86.60 with a PE ratio of 51.58 and has a market capitalization of $0.

In addition to Stifel reporting its stock price target, a total of 10 brokers have issued a research note on the company. The average stock price target is $51.70 with 3 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 6 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Silicon Labs (NASDAQ:SLAB)

Silicon Laboratories Inc. is a provider of silicon, software and solutions for the Internet of Things (IoT), Internet infrastructure, industrial, consumer and automotive markets. The Company operates through mixed-signal analog intensive products segment. It provides analog-intensive, mixed-signal solutions for use in a range of electronic products in various applications for the IoT market. It provides a range of timing and isolation products for infrastructure applications, including clocks and oscillators for networking equipment, data centers and wireless base stations, as well as digital isolators and current sensors for industrial power supplies and hybrid-electric vehicles. It provides broadcast products, such as television tuners and demodulators and automotive radio tuners, and access products, including subscriber line interface circuits for voice over Internet Protocol, embedded modems, and Power over Ethernet power source equipment and powered device integrated circuits.

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