Needham & Company Gives Buy (N/A) Rating to Silicon Laboratories (SLAB)

By admin | 6 years ago

Silicon Laboratories (NASDAQ: SLAB)‘s stock had its “buy (n/a)” rating restated by analysts at Needham & Company in a research report issued to clients and investors on Monday.

Several other analysts have also recently commented on the stock. Analysts at UBS AG (NYSE: UBS) reiterated a “buy” rating on shares of Silicon Laboratories in a research note to investors on Friday, May 18th. Separately, analysts at Lazard Capital upgraded shares of Silicon Laboratories from a “neutral” rating to a “buy” rating in a research note to investors on Friday, April 27th.

Silicon Laboratories opened at 33.58 on Monday. Silicon Laboratories has a 1-year low of $30.36 and a 1-year high of $48.50. The company has a market cap of $1.440 billion and a price-to-earnings ratio of 29.07.

Silicon Laboratories last released its earnings data on Wednesday, April 25th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that Silicon Laboratories will post $0.55 EPS next quarter.

Silicon Laboratories Inc. designs and develops, analog-intensive, mixed-signal integrated circuits (ICs) for a range of applications.

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