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Silicon Laboratories Inc. (SLAB) Jumps: Stock Rises 7.2% - Tale of the Tape

Posted
1/30/2014 8:57:00 AM
By: Zacks.com
Referenced Stocks:MONT;MTSI;SLAB;SUPX

Silicon Laboratories Inc. ( SLAB ) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $41.94 to $45.09 in the past one-month time frame.

The company has seen no estimate revision over the past few 30 days. However, the Zacks Consensus Estimate has moved up marginally for the current quarter over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Silicon Laboratories currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

However, better-ranked stocks in the specialized semiconductor industry include Supertex Inc. ( SUPX ), M/A-Com Technology Solutions Holdings, Inc. ( MTSI ) and Montage Technology Group Ltd. ( MONT ). While Supertex and M/A-Com Technology Solutions sport a Zacks Rank #1 (Strong Buy), Montage Technology Group has a Zacks Rank #2 (Buy).

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