Analysts Set Silicon Laboratories Inc. (NASDAQ:SLAB) Target Price at $135.00

Silicon Laboratories Inc. (NASDAQ:SLAB) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $135.00.

Several research firms have recently weighed in on SLAB. Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Silicon Laboratories in a research report on Thursday, July 25th. StockNews.com raised Silicon Laboratories to a “sell” rating in a research note on Tuesday, July 23rd.

Silicon Laboratories Stock Performance

Silicon Laboratories stock opened at $112.15 on Tuesday. Silicon Laboratories has a fifty-two week low of $74.56 and a fifty-two week high of $154.91. The stock has a market cap of $3.58 billion, a P/E ratio of -33.88 and a beta of 1.19. The firm’s fifty day moving average price is $109.95 and its 200-day moving average price is $118.09.

Silicon Laboratories (NASDAQ:SLAB) last announced its earnings results on Wednesday, July 24th. The semiconductor company reported ($0.56) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.08. The business had revenue of $145.40 million for 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 quarterly revenue was down 40.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS. Sell-side analysts predict that Silicon Laboratories will post -3.41 earnings per share for the current year.

Insider Activity

In related news, SVP Brandon Tolany sold 845 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 43,615 shares in the company, valued at $5,015,725. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Silicon Laboratories

Several institutional investors have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new position in shares of Silicon Laboratories during the second quarter valued at about $28,000. Fidelis Capital Partners LLC bought a new position in Silicon Laboratories during the 1st quarter valued at approximately $55,000. GAMMA Investing LLC lifted its holdings 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 buying an additional 227 shares during the period. Daiwa Securities Group Inc. bought a new stake in shares of Silicon Laboratories in the 2nd quarter worth approximately $60,000. Finally, Mather Group LLC. purchased a new position in shares of Silicon Laboratories during the first quarter valued at approximately $63,000.

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.