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Stifel Nicolaus announced Silicon Laboratories (NDAQ:SLAB), boosting its stock price target to $95.00 today

Just yesterday Silicon Laboratories (NDAQ:SLAB) traded 2.55% higher at $87.75. Silicon Laboratories’s 50-day moving average is $78.48 and its 200-day moving average is $73.94. The last stock 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 10/12/2017 Stifel Nicolaus increased the stock price target of Silicon Laboratories (NDAQ:SLAB) from $85.00 to $95.00 reporting a possible upside of 0.08%.

Previously on Thursday July 27, 2017, Needham released a statement about Silicon Laboratories (NDAQ:SLAB) increased the target price from $80.00 to $85.00. At the time, this indicated a possible upside of 0.12%.

Recent Performance Chart

Silicon Laboratories (NDAQ:SLAB)

Silicon Laboratories 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 Nicolaus reporting its stock price target, a total of 10 brokerages have issued a ratings update on the company. The average stock price target is $51.70 with 3 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Silicon Laboratories (NDAQ: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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