Silicon Laboratories Inc. (NASDAQ:SLAB) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Silicon Laboratories Inc. (NASDAQ:SLAB) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $121.50.

A number of brokerages have recently issued reports on SLAB. Benchmark reiterated a “hold” rating on shares of Silicon Laboratories in a research note on Tuesday, November 5th. Morgan Stanley dropped their target price 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. Stifel Nicolaus reduced their price target on Silicon Laboratories from $160.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. KeyCorp dropped their price objective on Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Barclays reduced their target price on Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th.

Silicon Laboratories Stock Down 4.0 %

SLAB opened at $107.63 on Wednesday. Silicon Laboratories has a 52 week low of $94.00 and a 52 week high of $154.91. The business has a 50 day moving average price of $111.17 and a two-hundred day moving average price of $113.90. The company has a market cap of $3.49 billion, a PE ratio of -14.54 and a beta of 1.20.

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

Insiders Place Their Bets

In other news, SVP Brandon Tolany sold 845 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total value of $97,175.00. Following the sale, the senior vice president now directly owns 43,615 shares in the company, valued at $5,015,725. This represents a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Silicon Laboratories during the second quarter worth $28,000. Advisors Asset Management Inc. boosted its stake in Silicon Laboratories by 159.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock worth $32,000 after buying an additional 169 shares during the last quarter. GAMMA Investing LLC boosted its stake in Silicon Laboratories by 84.1% in the 3rd quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock worth $57,000 after buying an additional 227 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in Silicon Laboratories in the 2nd quarter valued at about $60,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Silicon Laboratories during the 2nd quarter valued at about $82,000.

About Silicon Laboratories

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.