Silicon Laboratories Inc. (NASDAQ:SLAB) Given Average Rating of “Moderate Buy” by Brokerages

Silicon Laboratories Inc. (NASDAQ:SLAB) has received an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $121.50.

Several analysts have recently weighed in on the stock. Barclays dropped their price target on shares of Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating for the company in a research note on Tuesday. Needham & Company LLC restated a “buy” rating and issued a $150.00 target price on shares of Silicon Laboratories in a research report on Thursday, July 25th. Morgan Stanley lowered their price target on Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating for the company in a report on Tuesday. StockNews.com upgraded shares of Silicon Laboratories to a “sell” rating in a report on Friday. Finally, Stifel Nicolaus dropped their price target on shares of Silicon Laboratories from $160.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday.

Silicon Laboratories Price Performance

SLAB stock opened at $112.10 on Friday. Silicon Laboratories has a 1 year low of $92.55 and a 1 year high of $154.91. The firm has a market capitalization of $3.64 billion, a PE ratio of -15.15 and a beta of 1.20. The business has a 50 day simple moving average of $112.09 and a 200-day simple moving average of $115.42.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.07. Silicon Laboratories had a negative return on equity of 12.60% and a negative net margin of 46.93%. The business had revenue of $166.00 million for the quarter, compared to analyst estimates of $165.50 million. During the same quarter in the previous year, the firm earned $0.48 EPS. The company’s quarterly revenue was down 18.5% compared to the same quarter last year. On average, equities research analysts expect that Silicon Laboratories will post -3.41 EPS for the current year.

Insider Activity at Silicon Laboratories

In other Silicon Laboratories news, SVP Brandon Tolany sold 845 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total value of $97,175.00. Following the completion of the transaction, the senior vice president now owns 43,615 shares of the company’s stock, valued at $5,015,725. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.72% of the company’s stock.

Hedge Funds Weigh In On Silicon Laboratories

Several hedge funds and other institutional investors have recently made changes to their positions in SLAB. CWM LLC raised its holdings in Silicon Laboratories by 185.0% in the second quarter. CWM LLC now owns 8,435 shares of the semiconductor company’s stock valued at $933,000 after acquiring an additional 5,475 shares in the last quarter. Natixis purchased a new stake in shares of Silicon Laboratories during the 1st quarter worth $647,000. Vanguard Group Inc. grew its stake in shares of Silicon Laboratories by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,489,160 shares of the semiconductor company’s stock worth $501,462,000 after purchasing an additional 24,997 shares in the last quarter. SG Americas Securities LLC increased its holdings in Silicon Laboratories by 284.6% in the second quarter. SG Americas Securities LLC now owns 7,076 shares of the semiconductor company’s stock valued at $783,000 after buying an additional 5,236 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Silicon Laboratories by 31.7% in the first quarter. Russell Investments Group Ltd. now owns 52,578 shares of the semiconductor company’s stock valued at $7,557,000 after buying an additional 12,667 shares in the last quarter.

About Silicon Laboratories

Silicon Laboratories Inc, a fabless semiconductor company, provides various analog-intensive mixed-signal solutions in the United States, China, Taiwan, and internationally. The company's products include wireless microcontrollers and sensor products. Its products are used in various electronic products in a range of applications for the industrial Internet of Things (IoT), including industrial automation and control, smart buildings, access control, HVAC control, and industrial wearables and power tools; smart cities applications, such as smart metering, smart street lighting, renewable energy, electric vehicle supply equipment, and smart agriculture; commercial IoT applications, including smart lighting, asset tracking, electronic shelf labels, theft protection, and enterprise access points; smart home applications, comprising home automation/security systems, smart speakers, smart lighting, HVAC control, smart cameras, smart appliances, smart home sensing, smart locks, and window/blind controls; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking; as well as in commercial building automation, consumer electronics, and medical instrumentation.