Nucor earnings beat by $0.08, revenue fell short of estimates
Navdeep Sooch, a director at Silicon Laboratories Inc. (NASDAQ:SLAB), has sold 2,640 shares of the company, according to a recent SEC filing. The semiconductor company, with a market capitalization of $4.62 billion, has shown remarkable momentum with a 56% gain over the past six months. The shares were sold at a weighted average price of $149.08, with prices ranging from $149 to $149.28, amounting to a total transaction value of $393,571. Following this transaction, Sooch holds 397,927 shares in the semiconductor company. The sale was conducted under Sooch’s 10b5-1 trading plan, a prearranged trading strategy that allows insiders to sell their shares at predetermined times. The company maintains a strong financial position with a current ratio of 6.15, indicating robust liquidity. InvestingPro analysis reveals 11 additional key insights about Silicon Labs’ financial health and growth prospects, available to subscribers.
In other recent news, Silicon Labs has received a series of price target adjustments and ratings from different analysts. Benchmark has upgraded Silicon Labs’ stock from Hold to Buy, setting a new price target of $160. The upgrade was based on the company’s recent performance and the expectation of a positive shift in fundamentals, extending through fiscal year 2026.
Meanwhile, Needham raised its price target for Silicon Labs to $150, maintaining a Buy rating. This revision came after Silicon Labs announced fourth-quarter results that met expectations and provided first-quarter 2025 guidance slightly above consensus estimates.
On the other hand, Stifel reiterated a Buy rating for Silicon Labs, keeping a steady price target of $135. This followed the firm’s participation in Silicon Labs’ Virtual Works With 2024 IoT developer conference, where the company showcased its advanced Series 3 connectivity platform.
These are recent developments for Silicon Labs, reflecting analysts’ confidence in the company’s growth trajectory and potential in the evolving semiconductor industry. The varying price targets and ratings underscore the anticipation of positive future performance, driven by Silicon Labs’ technological advancements and strategic industry positioning.
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