Silicon Laboratories (SLAB) Receives Price Target

Silicon Laboratories (SLAB) : The highest level Silicon Laboratories (SLAB) is projected to reach is $67 for the short term and the lowest estimate is at $45. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $55.67 and the possibility the share price can swing is $8.55.

Silicon Laboratories (SLAB) has an average broker rating of 2.11, which is interpreted as a Buy, as rated by 9 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy.


Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Silicon Laboratories (NASDAQ:SLAB). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup raises the price target from $56 per share to $63 per share. The rating by the firm was issued on July 28, 2016.

Silicon Laboratories (NASDAQ:SLAB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.21 and $56.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.66, notching a gain of 0.63% for the day. The total traded volume was 269,961 . The stock had closed at $57.30 on the previous day.

Silicon Laboratories Inc. designs and develops analog-intensive, mixed-signal integrated circuits for a range of applications. The Company provides analog-intensive, mixed-signal solutions for use in a variety of electronic products, including portable devices, amplitude modulation/frequency modulation radios and other consumer electronics, networking equipment, test and measurement equipment, industrial monitoring and control, home automation and customer premises equipment. Its products integrate mixed-signal functions performed by discrete components into a single chip. It offers products in three categories: Broad-based products, Broadcast products and Access products. The Broad-based products include microcontroller, wireless and sensor products, timing products, and power and isolation devices. Its Broadcast products include broadcast audio and video products. Its Access products include voice over internet protocol products, embedded modems and power over Ethernet devices.

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