Silicon Laboratories, Inc. (NASDAQ:SLAB) Given Average Recommendation of “Hold” by Brokerages

Silicon Laboratories, Inc. (NASDAQ:SLAB) has been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $167.7778.

Several analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Silicon Laboratories in a report on Friday, March 27th. Royal Bank Of Canada increased their price target on Silicon Laboratories from $160.00 to $205.00 and gave the company a “sector perform” rating in a research report on Thursday, February 5th. Benchmark lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Needham & Company LLC downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, KeyCorp downgraded Silicon Laboratories from an “overweight” rating to a “hold” rating in a research note on Wednesday, February 4th.

Silicon Laboratories Price Performance

Shares of SLAB opened at $216.58 on Wednesday. Silicon Laboratories has a 12 month low of $115.50 and a 12 month high of $218.68. The company has a market cap of $7.14 billion, a P/E ratio of -141.56 and a beta of 1.40. The stock has a fifty day moving average price of $209.73 and a 200 day moving average price of $170.38.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.04. Silicon Laboratories had a negative return on equity of 2.18% and a negative net margin of 6.13%.The company had revenue of $213.50 million during the quarter, compared to analysts’ expectations of $214.02 million. During the same quarter in the prior year, the business posted ($0.08) earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. As a group, research analysts anticipate that Silicon Laboratories will post 0.71 earnings per share for the current year.

Institutional Trading of Silicon Laboratories

Institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC bought a new stake in Silicon Laboratories in the fourth quarter valued at $32,000. First Horizon Corp acquired a new position in Silicon Laboratories in the third quarter worth $35,000. EverSource Wealth Advisors LLC raised its position in shares of Silicon Laboratories by 45.7% during the third quarter. EverSource Wealth Advisors LLC now owns 274 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 86 shares during the last quarter. UMB Bank n.a. raised its position in shares of Silicon Laboratories by 43.9% during the third quarter. UMB Bank n.a. now owns 282 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 86 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Silicon Laboratories by 260.3% during the fourth quarter. Covestor Ltd now owns 281 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 203 shares during the last quarter.

Silicon Laboratories Company Profile

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.