Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Silicon Laboratories Inc (NASDAQ: SLAB) closed at $114.26 down -8.89% from its previous closing price of $125.41. In other words, the price has decreased by -$8.89 from its previous closing price. On the day, 1.43 million shares were traded. SLAB stock price reached its highest trading level at $125.0945 during the session, while it also had its lowest trading level at $112.2.
Ratios:
For a deeper understanding of Silicon Laboratories Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.32 and its Current Ratio is at 4.51. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.02.
On February 08, 2024, TD Cowen reiterated its Outperform rating and also lowered its target price recommendation from $140 to $155.
On December 08, 2023, JP Morgan started tracking the stock assigning a Overweight rating and target price of $145.JP Morgan initiated its Overweight rating on December 08, 2023, with a $145 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 04 ’23 when Johnson Robert Matthew sold 3,679 shares for $108.22 per share. The transaction valued at 398,141 led to the insider holds 31,050 shares of the business.
Johnson Robert Matthew sold 3,534 shares of SLAB for $407,223 on Oct 02 ’23. The President & CEO now owns 34,729 shares after completing the transaction at $115.23 per share. On Aug 02 ’23, another insider, Johnson Robert Matthew, who serves as the President & CEO of the company, sold 3,498 shares for $144.06 each. As a result, the insider received 503,922 and left with 38,263 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SLAB now has a Market Capitalization of 3647316480 and an Enterprise Value of 3633955584. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.66 while its Price-to-Book (P/B) ratio in mrq is 3.02. Its current Enterprise Value per Revenue stands at 4.645 whereas that against EBITDA is 96.322.
Stock Price History:
Over the past 52 weeks, SLAB has reached a high of $168.22, while it has fallen to a 52-week low of $74.56. The 50-Day Moving Average of the stock is -15.28%, while the 200-Day Moving Average is calculated to be -9.42%.
Shares Statistics:
For the past three months, SLAB has traded an average of 317.65K shares per day and 519980 over the past ten days. A total of 31.90M shares are outstanding, with a floating share count of 31.28M. Insiders hold about 2.00% of the company’s shares, while institutions hold 103.86% stake in the company. Shares short for SLAB as of 1711584000 were 1556734 with a Short Ratio of 4.90, compared to 1709164800 on 1578416. Therefore, it implies a Short% of Shares Outstanding of 1556734 and a Short% of Float of 8.2600005.
