Silicon Stock Hits New 52-Week High (SLAB)

NEW YORK ( TheStreet) -- Silicon Laboratories (Nasdaq: SLAB) hit a new 52-week high Wednesday as it is currently trading at $47.82, above its previous 52-week high of $47.74 with 110,302 shares traded as of 9:34 a.m. ET. Average volume has been 350,000 shares over the past 30 days.

Silicon has a market cap of $1.9 billion and is part of the technology sector and electronics industry. Shares are up 8.4% year to date as of the close of trading on Tuesday.

Silicon Laboratories Inc., a fabless semiconductor company, designs, develops, and markets mixed-signal analog intensive integrated circuits (ICs). The company has a P/E ratio of 57.4, above the average electronics industry P/E ratio of 56.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Silicon as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Silicon Ratings Report.

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