Silicon Laboratories Inc. (NASDAQ:SLAB) Receives Consensus Rating of “Hold” from Analysts

Silicon Laboratories Inc. (NASDAQ:SLAB) has received an average rating of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $122.44.

Several brokerages have weighed in on SLAB. Morgan Stanley cut their price target on Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. KeyCorp dropped their target price on Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Benchmark reissued a “hold” rating on shares of Silicon Laboratories in a report on Tuesday, November 5th. 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. Finally, StockNews.com upgraded shares of Silicon Laboratories to a “sell” rating in a research note on Friday, November 8th.

Silicon Laboratories Stock Up 0.9 %

Shares of NASDAQ SLAB opened at $125.00 on Friday. Silicon Laboratories has a 52 week low of $94.00 and a 52 week high of $154.91. The business’s 50 day moving average price is $113.22 and its 200 day moving average price is $113.03. The firm has a market cap of $4.06 billion, a P/E ratio of -16.89 and a beta of 1.21.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Monday, November 4th. The semiconductor company reported ($0.13) EPS for the quarter, beating 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 business had revenue of $166.00 million for the quarter, compared to the consensus estimate of $165.50 million. During the same period in the prior year, the firm earned $0.48 EPS. The business’s revenue for the quarter was down 18.5% on a year-over-year basis. As a group, research analysts expect that Silicon Laboratories will post -3.56 earnings per share for the current year.

Institutional Trading of Silicon Laboratories

Institutional investors and hedge funds have recently modified their holdings of the stock. Cullen Frost Bankers Inc. acquired a new position in shares of Silicon Laboratories during the second quarter valued at approximately $28,000. Advisors Asset Management Inc. boosted its stake in Silicon Laboratories by 159.4% during 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 during the last quarter. GAMMA Investing LLC grew its holdings in shares of Silicon Laboratories by 84.1% during the third quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock worth $57,000 after buying an additional 227 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Silicon Laboratories in the second quarter valued at about $60,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Silicon Laboratories in the second quarter worth about $82,000.

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.