Shares of Silicon Laboratories Inc. (NASDAQ:SLAB – Get Free Report) have received an average rating of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $135.00.
Several brokerages recently issued reports on SLAB. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 target price on shares of Silicon Laboratories in a research note on Thursday, July 25th. Summit Insights lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Barclays cut their price target on Silicon Laboratories from $140.00 to $120.00 and set an “equal weight” rating for the company in a report on Thursday, April 25th. JPMorgan Chase & Co. decreased their price objective on shares of Silicon Laboratories from $165.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Finally, Citigroup cut their target price on shares of Silicon Laboratories from $137.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th.
Get Our Latest Stock Analysis on SLAB
Insider Activity
Institutional Investors Weigh In On Silicon Laboratories
Large investors have recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in shares of Silicon Laboratories during the 4th quarter worth approximately $36,000. Gladius Capital Management LP lifted its stake in Silicon Laboratories by 328.7% during the fourth quarter. Gladius Capital Management LP now owns 373 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 286 shares during the last quarter. CWM LLC boosted its holdings in shares of Silicon Laboratories by 78.1% in the 4th quarter. CWM LLC now owns 374 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 164 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Silicon Laboratories in the 1st quarter valued at $55,000. Finally, Mather Group LLC. acquired a new position in shares of Silicon Laboratories during the 1st quarter worth $63,000.
Silicon Laboratories Stock Down 0.4 %
NASDAQ:SLAB opened at $119.82 on Thursday. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of -36.20 and a beta of 1.20. Silicon Laboratories has a twelve month low of $74.56 and a twelve month high of $154.91. The stock’s 50 day moving average price is $118.26 and its two-hundred day moving average price is $126.52.
Silicon Laboratories (NASDAQ:SLAB – Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported ($0.56) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.64) by $0.08. Silicon Laboratories had a negative net margin of 36.53% and a negative return on equity of 9.13%. The firm had revenue of $145.40 million for the quarter, compared to analyst estimates of $140.18 million. During the same period in the prior year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was down 40.6% compared to the same quarter last year. As a group, analysts anticipate that Silicon Laboratories will post -3.21 earnings per share for the current year.
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.
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