Silicon Laboratories Inc. (SLAB) Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

March 13, 2018 - By Ellis Scott

Investors sentiment increased to 1.28 in Q3 2017. Its up 0.15, from 1.13 in 2017Q2. It increased, as 20 investors sold Silicon Laboratories Inc. shares while 70 reduced holdings. 42 funds opened positions while 73 raised stakes. 38.41 million shares or 3.13% more from 37.24 million shares in 2017Q2 were reported.
Glenmede Na reported 2,359 shares. Group One Trading Limited Partnership, a Illinois-based fund reported 585 shares. Peak6 Ltd Partnership stated it has 0% of its portfolio in Silicon Laboratories Inc. (NASDAQ:SLAB). Cohen Klingenstein Ltd Liability reported 11,924 shares. Davidson Inv Advsrs stated it has 1.12% in Silicon Laboratories Inc. (NASDAQ:SLAB). 4,698 were reported by Renaissance Techs. Pier Cap Ltd Llc has 90,607 shares. Federated Invsts Pa has invested 0.02% in Silicon Laboratories Inc. (NASDAQ:SLAB). Ing Groep Nv has 0.01% invested in Silicon Laboratories Inc. (NASDAQ:SLAB). Fdx Advisors reported 3,733 shares. Amp Invsts Ltd owns 3,721 shares for 0% of their portfolio. New York-based Morgan Stanley has invested 0% in Silicon Laboratories Inc. (NASDAQ:SLAB). Geode Cap Lc stated it has 0.01% of its portfolio in Silicon Laboratories Inc. (NASDAQ:SLAB). 67,216 were accumulated by California State Teachers Retirement Sys. Cornerstone Mngmt Ltd Company has invested 0% in Silicon Laboratories Inc. (NASDAQ:SLAB).

Since September 18, 2017, it had 0 insider buys, and 11 sales for $6.12 million activity. Shares for $156,900 were sold by Hollister John C. On Friday, February 16 the insider Tolany Brandon sold $828,718. WOOD WILLIAM P sold 5,000 shares worth $407,250. Kumar Sandeep P had sold 131 shares worth $13,100 on Thursday, January 25. BOCK WILLIAM G also sold $229,775 worth of Silicon Laboratories Inc. (NASDAQ:SLAB) shares.

The stock of Silicon Laboratories Inc. (NASDAQ:SLAB) hit a new 52-week high and has $104.04 target or 6.00 % above today’s $98.15 share price. The 6 months bullish chart indicates low risk for the $4.24 billion company. The 1-year high was reported on Mar, 13 by If the $104.04 price target is reached, the company will be worth $254.22M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 2.48% or $2.5 during the last trading session, reaching $98.15. About 93,566 shares traded. Silicon Laboratories Inc. (NASDAQ:SLAB) has risen 59.49% since March 13, 2017 and is uptrending. It has outperformed by 42.79% the S&P500.

Analysts await Silicon Laboratories Inc. (NASDAQ:SLAB) to report earnings on April, 25. They expect $0.53 EPS, up 15.22 % or $0.07 from last year’s $0.46 per share. SLAB’s profit will be $22.88M for 46.30 P/E if the $0.53 EPS becomes a reality. After $0.65 actual EPS reported by Silicon Laboratories Inc. for the previous quarter, Wall Street now forecasts -18.46 % negative EPS growth.

Silicon Laboratories Inc. (NASDAQ:SLAB) Ratings Coverage

Among 15 analysts covering Silicon Labs (NASDAQ:SLAB), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. Silicon Labs had 45 analyst reports since July 29, 2015 according to SRatingsIntel. The company was maintained on Tuesday, October 10 by Canaccord Genuity. Drexel Hamilton maintained the stock with “Buy” rating in Wednesday, January 31 report. The firm earned “Buy” rating on Tuesday, November 24 by Stifel Nicolaus. The firm earned “Buy” rating on Wednesday, October 25 by Drexel Hamilton. The stock has “Buy” rating by M Partners on Wednesday, July 29. Drexel Hamilton maintained Silicon Laboratories Inc. (NASDAQ:SLAB) on Wednesday, July 26 with “Buy” rating. The company was maintained on Monday, January 29 by Roth Capital. Stifel Nicolaus maintained Silicon Laboratories Inc. (NASDAQ:SLAB) rating on Wednesday, October 11. Stifel Nicolaus has “Buy” rating and $95.0 target. The rating was upgraded by Needham to “Buy” on Thursday, February 2. The stock of Silicon Laboratories Inc. (NASDAQ:SLAB) has “Buy” rating given on Monday, May 29 by Canaccord Genuity.

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 $4.24 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 90.05 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.

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