Analysts Set Silicon Laboratories Inc. (NASDAQ:SLAB) PT at $135.00

Shares of Silicon Laboratories Inc. (NASDAQ:SLAB) have earned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $135.00.

A number of research analysts recently commented on the company. StockNews.com raised Silicon Laboratories to a “sell” rating in a report on Tuesday, July 23rd. Needham & Company LLC reiterated a “buy” rating and set a $150.00 target price on shares of Silicon Laboratories in a research note on Thursday, July 25th.

Silicon Laboratories Trading Up 1.5 %

NASDAQ SLAB opened at $111.68 on Friday. The stock has a market cap of $3.61 billion, a P/E ratio of -33.70 and a beta of 1.19. The company’s fifty day simple moving average is $111.31 and its 200-day simple moving average is $121.00. Silicon Laboratories has a 52 week low of $74.56 and a 52 week high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported ($0.56) EPS for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.08. The firm had revenue of $145.40 million for the quarter, compared to analyst estimates of $140.18 million. Silicon Laboratories had a negative net margin of 36.53% and a negative return on equity of 9.13%. The firm’s revenue was down 40.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 EPS. On average, research analysts expect that Silicon Laboratories will post -3.4 EPS for the current fiscal year.

Insider Activity

In other Silicon Laboratories news, SVP Brandon Tolany sold 845 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total transaction of $97,175.00. Following the completion of the sale, the senior vice president now owns 43,615 shares in the company, valued at $5,015,725. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.72% of the company’s stock.

Hedge Funds Weigh In On Silicon Laboratories

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings 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 valued at $501,462,000 after acquiring an additional 24,997 shares during the period. Capital Research Global Investors boosted its stake in Silicon Laboratories by 29.9% during the 1st quarter. Capital Research Global Investors now owns 1,217,939 shares of the semiconductor company’s stock valued at $175,042,000 after purchasing an additional 280,000 shares during the period. Dimensional Fund Advisors LP boosted its stake in Silicon Laboratories by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 641,710 shares of the semiconductor company’s stock valued at $84,884,000 after purchasing an additional 28,759 shares during the period. Van Berkom & Associates Inc. increased its stake in shares of Silicon Laboratories by 8.4% in the second quarter. Van Berkom & Associates Inc. now owns 609,232 shares of the semiconductor company’s stock valued at $67,399,000 after purchasing an additional 47,058 shares during the period. Finally, Federated Hermes Inc. increased its stake in shares of Silicon Laboratories by 2.2% in the second quarter. Federated Hermes Inc. now owns 545,833 shares of the semiconductor company’s stock valued at $60,386,000 after purchasing an additional 11,981 shares during the period.

Silicon Laboratories Company Profile

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.