Silicon Laboratories (NASDAQ:SLAB) Now Covered by Analysts at Susquehanna

Susquehanna began coverage on shares of Silicon Laboratories (NASDAQ:SLAB) in a report issued on Tuesday, MarketBeat.com reports. The brokerage set a “neutral” rating and a $130.00 price target on the semiconductor company’s stock. Susquehanna’s price target indicates a potential upside of 5.85% from the stock’s current price.

Several other analysts have also recently weighed in on SLAB. StockNews.com upgraded shares of Silicon Laboratories to a “sell” rating in a report on Friday, November 8th. Morgan Stanley cut their price target on shares of 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 price target on shares of Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Barclays cut their price target on shares of Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 5th. Finally, Stifel Nicolaus cut their price target on shares of Silicon Laboratories from $160.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Silicon Laboratories currently has an average rating of “Hold” and an average price target of $122.44.

Silicon Laboratories Stock Down 4.8 %

Shares of NASDAQ SLAB opened at $122.82 on Tuesday. Silicon Laboratories has a 52 week low of $94.00 and a 52 week high of $154.91. The firm’s fifty day moving average is $112.80 and its 200 day moving average is $112.95. The company has a market cap of $3.99 billion, a price-to-earnings ratio of -16.60 and a beta of 1.21.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Monday, November 4th. The semiconductor company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.07. Silicon Laboratories had a negative net margin of 46.93% and a negative return on equity of 12.60%. The company had revenue of $166.00 million for the quarter, compared to the consensus estimate of $165.50 million. During the same period in the previous year, the firm earned $0.48 earnings per share. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis. Equities research analysts anticipate that Silicon Laboratories will post -3.56 earnings per share for the current year.

Hedge Funds Weigh In On Silicon Laboratories

Hedge funds have recently bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in Silicon Laboratories in the 2nd quarter worth about $28,000. Advisors Asset Management Inc. boosted its stake in Silicon Laboratories by 159.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 169 shares in the last quarter. GAMMA Investing LLC boosted its stake in Silicon Laboratories by 84.1% in the 3rd quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock worth $57,000 after purchasing an additional 227 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in Silicon Laboratories in the 2nd quarter worth about $60,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Silicon Laboratories in the 2nd quarter worth about $82,000.

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.