Silicon Laboratories Inc. (NASDAQ:SLAB) Receives $143.29 Average Price Target from Analysts

Shares of Silicon Laboratories Inc. (NASDAQ:SLAB) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $143.29.

SLAB has been the topic of several research reports. Stifel Nicolaus upped their price objective on shares of Silicon Laboratories from $136.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. boosted their target price on shares of Silicon Laboratories from $145.00 to $165.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. TD Cowen boosted their target price on shares of Silicon Laboratories from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Barclays boosted their target price on shares of Silicon Laboratories from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 8th. Finally, StockNews.com downgraded shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a research report on Friday, December 29th.

Hedge Funds Weigh In On Silicon Laboratories

Several large investors have recently bought and sold shares of SLAB. Pathstone Holdings LLC acquired a new position in Silicon Laboratories during the 4th quarter valued at $58,205,000. Capital Research Global Investors raised its stake in shares of Silicon Laboratories by 73.9% in the 4th quarter. Capital Research Global Investors now owns 937,939 shares of the semiconductor company’s stock valued at $124,061,000 after buying an additional 398,489 shares in the last quarter. Norges Bank acquired a new position in shares of Silicon Laboratories in the 4th quarter valued at $34,161,000. Adage Capital Partners GP L.L.C. acquired a new position in shares of Silicon Laboratories in the 3rd quarter valued at $24,453,000. Finally, Renaissance Technologies LLC raised its stake in shares of Silicon Laboratories by 338.0% in the 1st quarter. Renaissance Technologies LLC now owns 232,998 shares of the semiconductor company’s stock valued at $34,996,000 after buying an additional 179,800 shares in the last quarter.

Silicon Laboratories Price Performance

SLAB stock opened at $143.72 on Friday. The firm has a market capitalization of $4.59 billion, a P/E ratio of -127.18 and a beta of 1.27. The company’s 50 day simple moving average is $135.23 and its 200-day simple moving average is $120.61. Silicon Laboratories has a 52-week low of $74.56 and a 52-week high of $176.43.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported ($1.46) earnings per share for the quarter, beating the consensus estimate of ($1.91) by $0.45. The firm had revenue of $86.85 million for the quarter, compared to analyst estimates of $85.32 million. Silicon Laboratories had a negative net margin of 4.41% and a positive return on equity of 0.97%. Sell-side analysts predict that Silicon Laboratories will post -1.66 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.