Silicon Laboratories Inc. (NASDAQ:SLAB) Receives $135.00 Consensus Target Price from Brokerages

Shares of Silicon Laboratories Inc. (NASDAQ:SLAB) 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.

Insider Activity

In other Silicon Laboratories news, CEO Robert Matthew Johnson sold 7,230 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $123.80, for a total transaction of $895,074.00. Following the transaction, the chief executive officer now owns 47,910 shares in the company, valued at approximately $5,931,258. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.72% of the stock is owned by company insiders.

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) 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.