In a report released today, Rajvindra Gill from Needham maintained a Buy rating on Silicon Laboratories (SLAB), with a price target of $100. The company’s shares closed yesterday at $83.53.
Gill wrote:
“This week, as part of our IoT / AI investor call series, we hosted a detailed call with Silicon Lab’s CEO, Tyson Tuttle and Chief Strategy Officer, Daniel Cooley.”
According to TipRanks.com, Gill is a 5-star analyst with an average return of 11.3% and a 51.4% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Smart Global Holdings Inc, Everspin Technologies Inc, and Adesto Technologies Corp.
Currently, the analyst consensus on Silicon Laboratories is a Moderate Buy with an average price target of $96.50.
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Silicon Laboratories’ market cap is currently $3.6B and has a P/E ratio of 58.01. The company has a Price to Book ratio of 3.44.
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Silicon Labs engages in the provision of silicon, software and solutions for a smarter, more connected world. Its products include Internet of Things products, which include microcontroller, wireless and sensor products; broadcast products, which include broadcast consumer and automotive products; infrastructure products, which include timing products, and isolation devices; and access products, which include voice over IP products, embedded modems and Power over Ethernet devices. The company was founded by Navdeep S. Sooch, David R. Welland, and Jeffrey W. Scott in August 1996 and is headquartered in Austin, TX.
