Zacks Investment Research downgraded Silicon Laboratories (NASDAQ:SLAB) to Hold in a statement released earlier today.
- Updated: September 28, 2016
Just yesterday Silicon Laboratories (NASDAQ:SLAB) traded 0.16% higher at $56.63. Silicon Laboratories’s 50-day moving average is $55.71 and its 200-day moving average is $49.86. The last closing price is up 13.40% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 37,121 shares of SLAB traded hands, down from an average trading volume of 216,162
Zacks Investment Research has downgraded Silicon Laboratories (NASDAQ:SLAB) to Hold in a report released on 9/28/2016.
Previously on 4/27/2016, MKM Partners reported on Silicon Laboratories (NASDAQ:SLAB) increased the target price from $49.00 to $50.00. At the time, this indicated a possible upside of 0.05%.
Recent Performance Chart
Silicon Laboratories has 52 week low of $36.56 and a 52 week high of $58.21 with a PE ratio of 64.25 and has a market capitalization of $0.
Also covering Silicon Laboratories's target, a total of 10 analysts have released a report on the company. The average stock price target is $51.70 with 3 brokerages rating the stock a strong buy, 3 firms rating the stock a buy, six analysts rating the company a hold, one equity analyst rating the company a underperform, and lastly zero analysts rating the company a sell.
More About Silicon Laboratories (NASDAQ:SLAB)
Silicon Laboratories Inc. is a provider of silicon, software and solutions for the Internet of things (IoT), Internet infrastructure, industrial control, consumer and automotive markets. The Company provides customers with advantages in performance, energy savings, connectivity and design simplicity. It provides developers with the tools and technologies they need to advance from initial idea to final product. The Company operates through mixed-signal analog intensive products, consisting of numerous product areas segment. It serves IoT market, including connected home, smart lighting and smart energy applications. It provides a range of timing and isolation products for infrastructure applications, including high-performance clocks and oscillators. It also 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 and embedded modems.
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