Silicon Laboratories Inc. (NASDAQ:SLAB) Receives $121.50 Consensus Target Price from Analysts

Shares of Silicon Laboratories Inc. (NASDAQ:SLAB) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $121.50.

SLAB has been the topic of several recent research reports. Barclays dropped their price objective on shares of Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. KeyCorp cut their price target on shares of Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Morgan Stanley lowered their price objective on Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. cut their target price on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Finally, StockNews.com raised Silicon Laboratories to a “sell” rating in a report on Friday, November 8th.

Insider Transactions at Silicon Laboratories

In related news, SVP Brandon Tolany sold 845 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now owns 43,615 shares of the company’s stock, valued at approximately $5,015,725. The trade was a 1.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.72% of the company’s stock.

Institutional Investors Weigh In On Silicon Laboratories

Hedge funds have recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its holdings in shares of 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 purchasing an additional 101 shares during the last quarter. Victory Capital Management Inc. boosted its stake 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 worth $734,000 after buying an additional 150 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Silicon Laboratories by 159.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 169 shares during the period. Arizona State Retirement System increased its stake in shares of Silicon Laboratories by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 8,936 shares of the semiconductor company’s stock valued at $989,000 after acquiring an additional 202 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Silicon Laboratories by 84.1% during the 3rd quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock worth $57,000 after acquiring an additional 227 shares during the period.

Silicon Laboratories Stock Performance

Shares of SLAB stock opened at $110.65 on Wednesday. The stock’s 50-day moving average is $110.92 and its two-hundred day moving average is $113.48. Silicon Laboratories has a 1 year low of $94.00 and a 1 year high of $154.91. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of -14.95 and a beta of 1.20.

Silicon Laboratories (NASDAQ:SLAB) last released 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. Silicon Laboratories had a negative return on equity of 12.60% and a negative net margin of 46.93%. The firm had revenue of $166.00 million for the quarter, compared to the consensus estimate of $165.50 million. During the same quarter last year, the business posted $0.48 EPS. The firm’s quarterly revenue was down 18.5% compared to the same quarter last year. As a group, research analysts predict that Silicon Laboratories will post -3.56 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.