Silicon Laboratories Inc. (NASDAQ:SLAB) Receives $135.00 Average PT from Analysts

Silicon Laboratories Inc. (NASDAQ:SLAB) has received an average rating of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $135.00.

SLAB has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $150.00 target price on shares of Silicon Laboratories in a report on Thursday, July 25th. StockNews.com upgraded shares of Silicon Laboratories to a “sell” rating in a report on Tuesday, July 23rd.

Silicon Laboratories Stock Performance

SLAB opened at $110.75 on Friday. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of -33.46 and a beta of 1.19. The company has a fifty day moving average of $111.41 and a 200 day moving average of $121.19. 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 issued its earnings results on Wednesday, July 24th. The semiconductor company reported ($0.56) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.64) by $0.08. The firm had revenue of $145.40 million for the quarter, compared to analysts’ expectations of $140.18 million. Silicon Laboratories had a negative return on equity of 9.13% and a negative net margin of 36.53%. The business’s revenue was down 40.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. On average, equities research analysts forecast that Silicon Laboratories will post -3.4 earnings per share for the current year.

Insider Buying and Selling at Silicon Laboratories

In related news, SVP Brandon Tolany sold 845 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 43,615 shares in the company, valued at approximately $5,015,725. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.72% of the company’s stock.

Institutional Investors Weigh In On Silicon Laboratories

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in shares of Silicon Laboratories by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 641,710 shares of the semiconductor company’s stock valued at $84,884,000 after acquiring an additional 28,759 shares in the last quarter. Premier Fund Managers Ltd raised its position in Silicon Laboratories by 18.6% during the 4th quarter. Premier Fund Managers Ltd now owns 53,845 shares of the semiconductor company’s stock valued at $7,298,000 after purchasing an additional 8,426 shares in the last quarter. Pathstone Holdings LLC bought a new stake in Silicon Laboratories during the 4th quarter valued at $58,205,000. CWM LLC lifted its holdings in shares of Silicon Laboratories by 185.0% in the 2nd quarter. CWM LLC now owns 8,435 shares of the semiconductor company’s stock worth $933,000 after buying an additional 5,475 shares during the period. Finally, Natixis bought a new position in shares of Silicon Laboratories during the 1st quarter worth $647,000.

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.