In a report released yesterday, Rajvindra Gill from Needham reiterated a Hold rating on Silicon Laboratories (SLAB). The company’s shares closed yesterday at $113.74, close to its 52-week high of $114.28.
According to TipRanks.com, Gill is a 5-star analyst with an average return of 13.1% and a 58.0% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Everspin Technologies Inc, and Smart Global Holdings Inc.
Currently, the analyst consensus on Silicon Laboratories is a Strong Buy with an average price target of $122.50.
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Silicon Laboratories’ market cap is currently $4.93B and has a P/E ratio of 155.81. The company has a Price to Book ratio of 4.66.
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Silicon Laboratories, Inc. designs and develops analog-intensive and mixed-signal integrated circuits. It offers microcontrollers, wireless, sensors, USB bridges, analog, clocks and oscillators, isolators, power, audio & radio, modems and TV & Video product categories.
