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Silicon Laboratories (SLAB) Gets a Hold from RBC Capital

Tipranks - Tipranks - Thu Jan 15, 3:44PM CST

In a report released today, from RBC Capital initiated coverage with a Hold rating on Silicon Laboratories and a price target of $160.00.

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Currently, the analyst consensus on Silicon Laboratories is a Moderate Buy with an average price target of $143.75.

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Based on Silicon Laboratories’ latest earnings release for the quarter ending October 4, the company reported a quarterly revenue of $206 million and a GAAP net loss of $9.94 million. In comparison, last year the company earned a revenue of $166.4 million and had a GAAP net loss of $28.5 million

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SLAB in relation to earlier this year. Last month, Brandon Tolany, the Sr VP WW Sales & Marketing of SLAB sold 6,200.00 shares for a total of $871,633.28.

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