Silicon Laboratories (SLAB) Shares are Up 4.53%

Silicon Laboratories (SLAB) : Traders are bullish on Silicon Laboratories (SLAB) as it has outperformed the S&P 500 by a wide margin of 2.03% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.36%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.53% in the last 1 week, and is up 1.48% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 4.38% and the 50-Day Moving Average is 6.86%.The 200 Day SMA reached 21.89%


Silicon Laboratories (NASDAQ:SLAB): After opening at $58.14, the stock dipped to an intraday low of $58.02 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $59.35 and the buying power remained strong till the end. The stock closed at $58.8 for the day, a gain of 1.77% for the day session. The total traded volume was 601,076. The stocks close on the previous trading day was $58.8.

Silicon Laboratories (SLAB) : Average target price received by Silicon Laboratories (SLAB) is $57.71 with an expected standard deviation of $9.05. The most aggressive target on the stock is $67, whereas the most downbeat target is $45. 7 financial analysts are currently covering the stock.

Silicon Laboratories Inc. designs and develops analog-intensive, mixed-signal integrated circuits for a range of applications. The Company provides analog-intensive, mixed-signal solutions for use in a variety of electronic products, including portable devices, amplitude modulation/frequency modulation radios and other consumer electronics, networking equipment, test and measurement equipment, industrial monitoring and control, home automation and customer premises equipment. Its products integrate mixed-signal functions performed by discrete components into a single chip. It offers products in three categories: Broad-based products, Broadcast products and Access products. The Broad-based products include microcontroller, wireless and sensor products, timing products, and power and isolation devices. Its Broadcast products include broadcast audio and video products. Its Access products include voice over internet protocol products, embedded modems and power over Ethernet devices.

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