As of Wednesday close, Silicon Laboratories Inc.’s (NASDAQ:SLAB) stock was up $2.67, moving up 1.89 percent to $144.23. The average number of shares traded per day over the past five days has been 267,180 shares. 3 times new highs have been achieved over the past 5 days, with a $3.10 gain in that time frame. In the last twenty days, the average volume was 480,295, while in the previous 50 days, it was 513,002.
Since last month, SLAB stock rose 19.65%. Shares of the company fell to $109.44 on 10/27/22, the lowest level in the past month. A 52-week high of $211.98 was reached on 01/03/22 after having rallying from a 52-week low of $109.44. Since the beginning of this year, SLAB’s stock price has dropped by -30.13% or -$62.19, and marked a new high 1 time. However, the stock has declined by -31.96% since its 52-week high.
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SLAB stock investors should be aware that Silicon Laboratories Inc. (SLAB) stock had its last reported insider trading activity 9 days ago on Nov 15. Richardson Nina, the Director of the company, disposed of 1,351 shares for $145.00 on Nov 15. It resulted in a $195,895 divestment by the insider. Wyatt Christy sold 1,495 shares at an average price of $134.44 on Aug 24. The insider now owns 5,222 shares following the transaction. On Aug 15, Director BOCK WILLIAM G sold 1,000 shares at $146.70 apiece. The transaction was valued at $146,700.
Right now, Silicon Laboratories Inc. (SLAB) has a P/E ratio of about 74.27. The stock’s beta is 1.08. Besides these, the trailing price-to-sales (P/S) ratio of 4.96, the price-to-book (PB) ratio of 3.17.
In the three months ended September 29, Silicon Laboratories Inc.’s quick ratio stood at 7.50, while its current ratio was 7.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.34, and the total debt-to-equity ratio was 0.34. On the profitability front, the trailing twelve-month gross margin is 62.90% percent. In the year ended September 29, operating margins totaled 10.00%. Based on annual data, SLAB earned $425.39 million in gross profit and brought in $720.86 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -1.90%. Return on equity (ROE) for the past 12 months was 3.40%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SLAB’s revenue rose 31.5% to $263.15 million during the quarter, while net income inched up to $269.82 million. While analysts expected Silicon Laboratories Inc. to report $1.12 quarterly earnings, the actual figure was $1.21 per share, beating the consensus estimate by 8.00%. During the quarter, the company generated $44.81 million in EBITDA. The liabilities of Silicon Laboratories Inc. were 784.65 million at the end of its most recent quarter ended September 29, and its total debt was $529.06 million. The value of shareholders’ equity is $33.28 million.
This quick technical analysis looks at Silicon Laboratories Inc.’s (SLAB) price momentum. With a historical volatility rate of 38.09%, the RSI 9-day stood at 65.58% on 23 November.
With respect to its five-day moving average, the current Silicon Laboratories Inc. price is up by +2.20% percent or $3.10. At present, SLAB shares trade +22.44% above its 20-day simple moving average and +20.91% percent above its 100-day simple moving average. However, the stock is currently trading approximately +10.98% above its SMA50 and -10.10% below its SMA200.
Stochastic coefficient K was 82.44% and Stochastic coefficient D was 80.27%, while ATR was 5.68. Given the Stochastic reading of 90.99% for the 14-day period, the RSI (14) reading has been calculated as 62.68%. As of today, the MACD Oscillator reading stands at -0.34, while the 14-day reading stands at 4.76.
Silicon Laboratories Inc. downgraded its rating on Silicon Laboratories Inc. (NASDAQ: SLAB) to a Hold in a note to investors on October 27, 2022. The analysts firm previously had a Buy rating on the stock.Silicon Laboratories Inc. (SLAB) has been rated Overweight by analysts. According to 1 brokerage firm, SLAB is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Silicon Laboratories Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $150.00, the current consensus forecast for the stock is $85.00 – $170.00. Based on these forecasts, analysts predict Silicon Laboratories Inc. (SLAB) will achieve an average price target of $143.88.