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

Silicon Laboratories Inc. (NASDAQ:SLAB) has been assigned an average 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 given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $135.00.

A number of research firms have recently issued reports on SLAB. Summit Insights lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Benchmark reiterated a “hold” rating on shares of Silicon Laboratories in a report on Thursday, April 25th. Citigroup cut their price objective on Silicon Laboratories from $137.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. JPMorgan Chase & Co. cut their price objective on Silicon Laboratories from $165.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $150.00 price objective on shares of Silicon Laboratories in a report on Thursday, July 25th.

Insider Buying and Selling at Silicon Laboratories

In other Silicon Laboratories news, CEO Robert Matthew Johnson sold 7,230 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $123.80, for a total transaction of $895,074.00. Following the transaction, the chief executive officer now directly owns 47,910 shares in the company, valued at $5,931,258. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.72% of the company’s stock.

Institutional Investors Weigh In On Silicon Laboratories

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cullen Frost Bankers Inc. acquired a new stake in shares of Silicon Laboratories in the second quarter valued at about $28,000. GAMMA Investing LLC acquired a new stake in Silicon Laboratories during the fourth quarter worth about $36,000. Gladius Capital Management LP grew its position in Silicon Laboratories by 328.7% during the fourth quarter. Gladius Capital Management LP now owns 373 shares of the semiconductor company’s stock worth $49,000 after buying an additional 286 shares in the last quarter. CWM LLC grew its position in Silicon Laboratories by 78.1% during the fourth quarter. CWM LLC now owns 374 shares of the semiconductor company’s stock worth $49,000 after buying an additional 164 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in Silicon Laboratories during the first quarter worth about $55,000.

Silicon Laboratories Stock Down 0.1 %

SLAB opened at $104.30 on Monday. The firm has a market cap of $3.37 billion, a PE ratio of -31.51 and a beta of 1.19. The business has a fifty day simple moving average of $112.45 and a 200-day simple moving average of $124.40. Silicon Laboratories has a fifty-two week low of $74.56 and a fifty-two week high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported ($0.56) earnings per share for the quarter, topping the consensus estimate of ($0.64) by $0.08. The business had revenue of $145.40 million during the quarter, compared to analyst estimates of $140.18 million. Silicon Laboratories had a negative return on equity of 9.13% and a negative net margin of 36.53%. The company’s revenue was down 40.6% compared to the same quarter last year. During the same period last year, the company posted $0.59 EPS. On average, equities research analysts anticipate that Silicon Laboratories will post -3.4 EPS for the current fiscal 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.