Silicon Laboratories (NASDAQ:SLAB) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Silicon Laboratories, Inc. (NASDAQ:SLAB) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $152.05 and traded as high as $208.11. Silicon Laboratories shares last traded at $207.19, with a volume of 328,150 shares.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SLAB. Benchmark cut shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Citigroup boosted their price objective on shares of Silicon Laboratories from $135.00 to $231.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. KeyCorp downgraded shares of Silicon Laboratories from an “overweight” rating to a “hold” rating in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicon Laboratories in a report on Monday, December 29th. Finally, Royal Bank Of Canada raised their target price on Silicon Laboratories from $160.00 to $205.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $167.78.

Silicon Laboratories Stock Down 0.1%

The firm’s fifty day moving average is $189.44 and its two-hundred day moving average is $152.81. The firm has a market cap of $6.82 billion, a P/E ratio of -103.91 and a beta of 1.46.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.54 by $0.02. Silicon Laboratories had a negative net margin of 8.27% and a negative return on equity of 4.07%. The business had revenue of $208.21 million during the quarter, compared to analyst estimates of $207.63 million. During the same period in the prior year, the business earned ($0.11) EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. As a group, sell-side analysts forecast that Silicon Laboratories, Inc. will post -0.97 EPS for the current year.

Insider Transactions at Silicon Laboratories

In other Silicon Laboratories news, Director Nina Richardson sold 1,355 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $149.00, for a total value of $201,895.00. Following the completion of the sale, the director directly owned 8,543 shares in the company, valued at $1,272,907. This trade represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in Silicon Laboratories in the fourth quarter worth $32,000. First Horizon Corp bought a new stake in shares of Silicon Laboratories during the 3rd quarter valued at $35,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Silicon Laboratories by 45.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 274 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 86 shares in the last quarter. UMB Bank n.a. grew its position in shares of Silicon Laboratories by 43.9% in the 3rd quarter. UMB Bank n.a. now owns 282 shares of the semiconductor company’s stock worth $37,000 after buying an additional 86 shares during the period. Finally, Covestor Ltd increased its stake in shares of Silicon Laboratories by 260.3% in the 4th quarter. Covestor Ltd now owns 281 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 203 shares in the last quarter.

About Silicon Laboratories

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.