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

Shares of Silicon Laboratories Inc. (NASDAQ:SLAB) have been given an average rating of “Moderate Buy” by the ten research firms that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $135.00.

Several analysts have recently issued reports on SLAB shares. Needham & Company LLC restated a “buy” rating and issued a $150.00 price objective on shares of Silicon Laboratories in a research report on Thursday, July 25th. StockNews.com raised shares of Silicon Laboratories to a “sell” rating in a research note on Tuesday, July 23rd.

Insider Transactions at Silicon Laboratories

In related news, SVP Brandon Tolany sold 845 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total value of $97,175.00. Following the completion of the sale, the senior vice president now directly owns 43,615 shares in the company, valued at $5,015,725. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.72% of the company’s stock.

Institutional Investors Weigh In On Silicon Laboratories

A number of institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its stake in Silicon Laboratories by 8.5% during the second quarter. Harbor Capital Advisors Inc. now owns 1,292 shares of the semiconductor company’s stock worth $143,000 after buying an additional 101 shares during the period. Orion Portfolio Solutions LLC boosted its position in Silicon Laboratories by 1.1% during the 1st quarter. Orion Portfolio Solutions LLC now owns 9,858 shares of the semiconductor company’s stock worth $1,417,000 after purchasing an additional 103 shares during the period. Victory Capital Management Inc. increased its holdings in Silicon Laboratories by 2.3% in the 2nd quarter. Victory Capital Management Inc. now owns 6,638 shares of the semiconductor company’s stock valued at $734,000 after purchasing an additional 150 shares in the last quarter. Coldstream Capital Management Inc. raised its position in Silicon Laboratories by 6.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,431 shares of the semiconductor company’s stock valued at $322,000 after purchasing an additional 157 shares during the period. Finally, State of Michigan Retirement System lifted its stake in shares of Silicon Laboratories by 2.6% during the first quarter. State of Michigan Retirement System now owns 7,797 shares of the semiconductor company’s stock worth $1,121,000 after purchasing an additional 200 shares in the last quarter.

Silicon Laboratories Trading Up 1.5 %

NASDAQ:SLAB opened at $111.68 on Friday. The company has a market capitalization of $3.61 billion, a P/E ratio of -33.70 and a beta of 1.19. The firm has a 50-day moving average price of $111.31 and a two-hundred day moving average price of $121.00. Silicon Laboratories has a twelve month low of $74.56 and a twelve month high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported ($0.56) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $145.40 million during the quarter, compared to analysts’ expectations of $140.18 million. During the same period last year, the company posted $0.59 EPS. The company’s revenue was down 40.6% on a year-over-year basis. On average, equities research analysts predict that Silicon Laboratories will post -3.4 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.