Silicon Laboratories (NASDAQ:SLAB) Price Target Lowered to $135.00 at Stifel Nicolaus

Silicon Laboratories (NASDAQ:SLAB) had its target price trimmed by Stifel Nicolaus from $160.00 to $135.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

A number of other research analysts also recently weighed in on the company. StockNews.com upgraded Silicon Laboratories to a “sell” rating in a research note on Wednesday, October 30th. Barclays decreased their target price 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 reiterated a “buy” rating and issued a $150.00 price target on shares of Silicon Laboratories in a research note on Thursday, July 25th. Finally, KeyCorp decreased their price objective on shares of Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $121.50.

Silicon Laboratories Stock Down 1.4 %

NASDAQ SLAB opened at $112.10 on Tuesday. Silicon Laboratories has a 12-month low of $92.55 and a 12-month high of $154.91. The firm’s 50 day moving average is $112.09 and its 200-day moving average is $115.42. The company has a market capitalization of $3.64 billion, a PE ratio of -15.15 and a beta of 1.20.

Silicon Laboratories (NASDAQ:SLAB) last issued 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. The firm had revenue of $166.00 million for the quarter, compared to analysts’ expectations of $165.50 million. Silicon Laboratories had a negative net margin of 46.93% and a negative return on equity of 12.60%. The company’s revenue for the quarter was down 18.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 EPS. As a group, sell-side analysts expect that Silicon Laboratories will post -3.41 EPS for the current year.

Insider Buying and Selling at Silicon Laboratories

In other news, SVP Brandon Tolany sold 845 shares of the firm’s stock in a transaction dated 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 approximately $5,015,725. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.72% of the company’s stock.

Institutional Investors Weigh In On Silicon Laboratories

A number of institutional investors have recently made changes to their positions in SLAB. Cullen Frost Bankers Inc. acquired a new stake in shares of Silicon Laboratories during the second quarter worth $28,000. Advisors Asset Management Inc. lifted its stake in Silicon Laboratories by 159.4% during the third quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 169 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in Silicon Laboratories in the first quarter valued at about $55,000. GAMMA Investing LLC boosted its stake in shares of Silicon Laboratories by 84.1% in the 3rd quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 227 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Silicon Laboratories during the second quarter worth $60,000.

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.