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AUSTIN, Texas—Navdeep Sooch, a director at Silicon Laboratories Inc. (NASDAQ:SLAB), recently sold 2,360 shares of the company’s common stock. The shares were sold at a weighted average price of $149, resulting in a total transaction value of $351,640. This sale was conducted under Sooch’s 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell company stock in accordance with insider trading laws. The sale comes as SLAB trades near its 52-week high of $154.91, having gained nearly 49% over the past six months. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value.
Following this transaction, Sooch retains direct ownership of 400,567 shares in the company. Silicon Laboratories, a leader in semiconductors and related devices with a market capitalization of $4.75 billion, is headquartered in Austin, Texas. The company maintains strong financial health with a current ratio of 6.15 and minimal debt, as revealed by InvestingPro’s comprehensive analysis, which includes 12 additional key insights available to subscribers.
In other recent news, Silicon Labs has been the focus of several analyst upgrades and target price revisions. Benchmark recently upgraded Silicon Labs from Hold to Buy, setting a new price target of $160. Analyst Cody Acree based this on the company’s resilience amid industry challenges and anticipates a favorable industry up-cycle extending through fiscal year 2026. The new target is based on 53.5 times the firm’s new fiscal year 2026 Earnings Per Share (EPS) estimate of $2.55, implying a Price/Earnings to Growth (PEG) ratio of 0.23 times the anticipated EPS growth rate of 276%.
Simultaneously, Needham raised its price target for Silicon Labs from $140 to $150 while maintaining a Buy rating. This revision followed Silicon Labs’ announcement of fourth-quarter results and first-quarter 2025 guidance slightly above consensus estimates. The firm expects Silicon Labs to experience incremental growth each quarter through 2025, especially with strong momentum in Continuous Glucose Monitors (CGMs) and Electronic Shelf Labels (ESLs).
Stifel also maintained a positive outlook on Silicon Labs, reiterating a Buy rating and a $135 price target. This followed the firm’s participation in Silicon Labs’ Virtual Works With 2024 IoT developer conference, which highlighted the significant role of artificial intelligence (AI) in driving the adoption of IoT networks and devices. Silicon Labs showcased its advanced Series 3 connectivity platform during the event, marking an important step in its development. These recent developments reflect analysts’ confidence in Silicon Labs’ growth trajectory and potential in the evolving semiconductor industry landscape.
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