Silicon Laboratories (NASDAQ:SLAB) Now Covered by Susquehanna

Susquehanna initiated coverage on shares of Silicon Laboratories (NASDAQ:SLAB) in a report issued on Tuesday, Marketbeat reports. The firm issued a neutral rating and a $130.00 price objective on the semiconductor company’s stock.

A number of other research firms also recently commented on SLAB. StockNews.com upgraded Silicon Laboratories to a “sell” rating in a research report on Friday, November 8th. Barclays reduced 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 lowered their target price on shares of Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. reduced their price target on shares of Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Finally, KeyCorp lowered their price objective on shares of Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Silicon Laboratories has an average rating of “Hold” and an average target price of $122.44.

Silicon Laboratories Trading Down 1.6 %

SLAB opened at $128.96 on Tuesday. The firm has a market capitalization of $4.18 billion, a PE ratio of -17.43 and a beta of 1.21. Silicon Laboratories has a 12-month low of $94.00 and a 12-month high of $154.91. The firm has a 50 day moving average of $112.61 and a two-hundred day moving average of $112.88.

Silicon Laboratories (NASDAQ:SLAB) last released 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. Silicon Laboratories had a negative net margin of 46.93% and a negative return on equity of 12.60%. The firm had revenue of $166.00 million during the quarter, compared to the consensus estimate of $165.50 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The company’s revenue for the quarter was down 18.5% on a year-over-year basis. As a group, analysts predict that Silicon Laboratories will post -3.56 EPS for the current fiscal year.

Institutional Trading of Silicon Laboratories

Institutional investors have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. bought a new stake in shares of Silicon Laboratories during the second quarter valued at about $28,000. Advisors Asset Management Inc. raised its position 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 buying an additional 169 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Silicon Laboratories by 84.1% during 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 in the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Silicon Laboratories in the 2nd quarter worth approximately $60,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Silicon Laboratories in the second quarter valued at approximately $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.