Silicon Laboratories (NASDAQ:SLAB) Price Target Raised to $145.00 at Stifel Nicolaus

Silicon Laboratories (NASDAQ:SLAB) had its price target upped by Stifel Nicolaus from $135.00 to $145.00 in a research note released on Monday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the semiconductor company’s stock.

SLAB has been the topic of several other reports. StockNews.com upgraded Silicon Laboratories to a “sell” rating in a report on Friday, November 8th. KeyCorp cut their price objective on Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. decreased their target price on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Benchmark reissued a “hold” rating on shares of Silicon Laboratories in a research report on Tuesday, November 5th. Finally, Morgan Stanley reduced their price objective 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $123.56.

Silicon Laboratories Stock Performance

Shares of NASDAQ SLAB opened at $131.81 on Monday. The business has a 50 day simple moving average of $116.07 and a 200 day simple moving average of $113.54. Silicon Laboratories has a 52 week low of $94.00 and a 52 week high of $154.91. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of -17.81 and a beta of 1.17.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. FMR LLC increased its stake in Silicon Laboratories by 1.1% during the third quarter. FMR LLC now owns 4,843,370 shares of the semiconductor company’s stock valued at $559,748,000 after acquiring an additional 54,708 shares during the period. Wellington Management Group LLP increased its position in shares of Silicon Laboratories by 28.3% during the third quarter. Wellington Management Group LLP now owns 888,382 shares of the semiconductor company’s stock valued at $102,670,000 after purchasing an additional 195,997 shares during the period. Geode Capital Management LLC increased its position in shares of Silicon Laboratories by 2.1% during the third quarter. Geode Capital Management LLC now owns 781,049 shares of the semiconductor company’s stock valued at $90,282,000 after purchasing an additional 15,728 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Silicon Laboratories by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 639,065 shares of the semiconductor company’s stock valued at $70,699,000 after purchasing an additional 12,680 shares in the last quarter. Finally, Van Berkom & Associates Inc. lifted its position in Silicon Laboratories by 8.4% in the second quarter. Van Berkom & Associates Inc. now owns 609,232 shares of the semiconductor company’s stock worth $67,399,000 after purchasing an additional 47,058 shares during the period.

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.