Silicon Laboratories Inc. (NASDAQ:SLAB) Receives Average Recommendation of “Moderate Buy” from Brokerages

Silicon Laboratories Inc. (NASDAQ:SLAB) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $135.00.

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of Silicon Laboratories to a “sell” rating in a research report on Tuesday, July 23rd. Needham & Company LLC restated a “buy” rating and set a $150.00 target price on shares of Silicon Laboratories in a research report on Thursday, July 25th.

Insiders Place Their Bets

In other Silicon Laboratories news, SVP Brandon Tolany sold 845 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 43,615 shares of the company’s stock, valued at $5,015,725. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Silicon Laboratories

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Silicon Laboratories by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,489,160 shares of the semiconductor company’s stock worth $501,462,000 after acquiring an additional 24,997 shares in the last quarter. Capital Research Global Investors increased its position in shares of Silicon Laboratories by 29.9% in the first quarter. Capital Research Global Investors now owns 1,217,939 shares of the semiconductor company’s stock worth $175,042,000 after acquiring an additional 280,000 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Silicon Laboratories by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 639,065 shares of the semiconductor company’s stock worth $70,699,000 after acquiring an additional 12,680 shares in the last quarter. Van Berkom & Associates Inc. increased its position 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 worth $67,399,000 after acquiring an additional 47,058 shares in the last quarter. Finally, Federated Hermes Inc. increased its position 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 worth $60,386,000 after acquiring an additional 11,981 shares in the last quarter.

Silicon Laboratories Stock Up 3.0 %

Shares of Silicon Laboratories stock opened at $115.50 on Tuesday. Silicon Laboratories has a 52-week low of $74.56 and a 52-week high of $154.91. The company’s 50-day simple moving average is $110.17 and its 200-day simple moving average is $117.87. The firm has a market cap of $3.73 billion, a price-to-earnings ratio of -18.63 and a beta of 1.19.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported ($0.56) earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $140.18 million. During the same period in the previous year, the business posted $0.59 earnings per share. The business’s revenue was down 40.6% compared to the same quarter last year. Equities research analysts anticipate that Silicon Laboratories will post -3.41 EPS for the current year.

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.