KD Logo

An Analysis of Silicon Laboratories Inc (SLAB)’s Potential Price Growth

In a filing, Silicon Laboratories Inc revealed its President & CEO Johnson Robert Matthew unloaded Company’s shares for reported $0.4 million on Dec 04 ’23. In the deal valued at $108.22 per share,3,679 shares were sold. As a result of this transaction, Johnson Robert Matthew now holds 31,050 shares worth roughly $3.77 million.

Then, Johnson Robert Matthew sold 3,534 shares, generating $407,223 in total proceeds. Upon selling the shares at $115.23, the President & CEO now owns 34,729 shares.

Before that, Johnson Robert Matthew sold 3,498 shares. Silicon Laboratories Inc shares valued at $503,922 were divested by the President & CEO at a price of $144.06 per share. As a result of the transaction, Johnson Robert Matthew now holds 38,263 shares, worth roughly $4.65 million.

Needham upgraded its Silicon Laboratories Inc [SLAB] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late April has reiterated a ‘”a Buy”‘ rating for it. Summit Insights also remained covering SLAB and has decreased its forecast on April 24, 2024 with a “Hold” recommendation from previously “Buy” rating. TD Cowen maintained its rating on February 08, 2024. It rated SLAB as “an Outperform”.

Price Performance Review of SLAB

On Tuesday, Silicon Laboratories Inc [NASDAQ:SLAB] saw its stock fall -1.83% to $121.49. Over the last five days, the stock has lost -3.13%. Silicon Laboratories Inc shares have fallen nearly -8.15% since the year began. Nevertheless, the stocks have fallen -12.79% over the past one year. While a 52-week high of $166.94 was reached on 03/07/24, a 52-week low of $74.56 was recorded on 04/24/24. SMA at 50 days reached $132.81, while 200 days put it at $125.12. A total of 0.4 million shares were traded, compared to the trading of 0.28 million shares in the previous session.

Levels Of Support And Resistance For SLAB Stock

The 24-hour chart illustrates a support level at 120.06, which if violated will result in even more drops to 118.62. On the upside, there is a resistance level at 124.09. A further resistance level may holdings at 126.68. The Relative Strength Index (RSI) on the 14-day chart is 44.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.07%. Stochastics %K at 49.14% indicates the stock is a holding.

The most recent change occurred on December 08, 2023 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $145 price target.

Most Popular

[the_ad id="945"]