|Bid||161.45 x 1200|
|Ask||161.59 x 1200|
|Day's Range||155.52 - 162.35|
|52 Week Range||65.09 - 163.43|
|Beta (5Y Monthly)||1.03|
|PE Ratio (TTM)||578.93|
|Earnings Date||Apr 27, 2021 - May 03, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||159.55|
Silicon Labs (NASDAQ: SLAB), a leading provider of silicon, software and solutions for a smarter, more connected world, today announced that the company will present at the following investor conferences:
Shares of Silicon Laboratories (NASDAQ:SLAB) surged as much as 10% this afternoon after rumors began to circulate about the chipmaker potentially offloading one of its business units. Silicon Labs is a technology company that builds semiconductors, as well as other devices and software for Internet of Things (IoT) infrastructure, industrial automation, and other consumer and automotive products. This afternoon, Bloomberg, citing anonymous sources, reported that the company is considering selling its analog chip business, which could go for as much as $2 billion or $3 billion, or more.
The analog chip business could be worth $2 billion to $3 billion or more, Bloomberg reported, citing sources. Silicon Labs declined to comment on the report. The semiconductor industry has undergone a wave of consolidation in recent months, with firms such as Nvidia Corp, Advanced Micro Devices Inc and Marvell Technology all announcing multibillion dollar deals.