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

Silicon Laboratories Inc. (NASDAQ:SLAB) has been given a consensus rating of “Hold” by the eleven brokerages that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $123.56.

Several research analysts have recently issued reports on SLAB shares. StockNews.com upgraded Silicon Laboratories to a “sell” rating in a research note on Friday, November 8th. Stifel Nicolaus raised their price target on shares of Silicon Laboratories from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. 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 report on Tuesday, November 5th. Morgan Stanley cut their price objective on shares of Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. Finally, Benchmark restated a “hold” rating on shares of Silicon Laboratories in a research report on Tuesday, November 5th.

Institutional Trading of Silicon Laboratories

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SLAB. Advisors Asset Management Inc. boosted its stake in shares of 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 acquiring an additional 169 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Silicon Laboratories by 84.1% in the 3rd quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 227 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in Silicon Laboratories in the 2nd quarter worth about $60,000. International Assets Investment Management LLC boosted its position in Silicon Laboratories by 11,457.1% during the third quarter. International Assets Investment Management LLC now owns 809 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 802 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new position in Silicon Laboratories during the third quarter worth approximately $189,000.

Silicon Laboratories Trading Up 3.3 %

NASDAQ SLAB opened at $137.62 on Thursday. Silicon Laboratories has a 12-month low of $94.00 and a 12-month high of $154.91. The company has a fifty day simple moving average of $118.79 and a two-hundred day simple moving average of $114.40. The stock has a market cap of $4.47 billion, a P/E ratio of -18.60 and a beta of 1.17.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.07. Silicon Laboratories had a negative return on equity of 12.60% and a negative net margin of 46.93%. The company had revenue of $166.00 million during the quarter, compared to analyst estimates of $165.50 million. During the same quarter last year, the business posted $0.48 EPS. The firm’s quarterly revenue was down 18.5% on a year-over-year basis. As a group, sell-side analysts forecast that Silicon Laboratories will post -3.56 earnings per share for the current 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.