Silicon Laboratories’ (SLAB) “Hold” Rating Reiterated at Benchmark

Silicon Laboratories (NASDAQ:SLAB)‘s stock had its “hold” rating reissued by Benchmark in a research note issued on Tuesday, Benzinga reports.

Several other brokerages also recently issued reports on SLAB. StockNews.com upgraded shares of Silicon Laboratories to a “sell” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. cut their price objective on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday. KeyCorp cut their price objective on Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating for the company in a report on Tuesday. Barclays cut their price objective on Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price target on shares of Silicon Laboratories in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $125.00.

Silicon Laboratories Price Performance

Shares of Silicon Laboratories stock traded up $3.79 during trading on Tuesday, hitting $108.53. The stock had a trading volume of 433,163 shares, compared to its average volume of 295,405. Silicon Laboratories has a fifty-two week low of $90.65 and a fifty-two week high of $154.91. The firm has a market cap of $3.50 billion, a P/E ratio of -17.58 and a beta of 1.20. The business has a fifty day moving average of $112.56 and a two-hundred day moving average of $115.56.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings results on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.07. The business had revenue of $166.00 million during the quarter, compared to analyst estimates of $165.50 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 18.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share. As a group, research analysts forecast that Silicon Laboratories will post -3.41 earnings per share for the current year.

Insider Transactions at Silicon Laboratories

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Cullen Frost Bankers Inc. acquired a new position in shares of Silicon Laboratories during the 2nd quarter worth approximately $28,000. Fidelis Capital Partners LLC acquired a new position in Silicon Laboratories in the 1st quarter valued at $55,000. GAMMA Investing LLC grew its holdings in 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 buying an additional 227 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in Silicon Laboratories in the 2nd quarter valued at $60,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Silicon Laboratories in the 2nd quarter valued at $82,000.

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.