Silicon Laboratories Inc. (NASDAQ:SLAB) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Silicon Laboratories Inc. (NASDAQ:SLAB) have received a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $123.56.

A number of equities analysts have recently issued reports on SLAB shares. KeyCorp dropped their price target on Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Susquehanna began coverage on shares of Silicon Laboratories in a report on Tuesday, December 17th. They set a “neutral” rating and a $130.00 target price on the stock. Barclays reduced their price target on shares of Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th. Morgan Stanley lowered their price target on shares of Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 5th. Finally, StockNews.com raised shares of Silicon Laboratories to a “sell” rating in a report on Friday, November 8th.

Institutional Investors Weigh In On Silicon Laboratories

A number of hedge funds and other institutional investors have recently bought and sold shares of SLAB. Advisors Asset Management Inc. increased its position in shares of Silicon Laboratories by 159.4% during the third quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 169 shares in the last quarter. GAMMA Investing LLC grew its stake in 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 during the last quarter. Daiwa Securities Group Inc. acquired a new position in Silicon Laboratories during the 2nd quarter valued at about $60,000. International Assets Investment Management LLC raised its stake in Silicon Laboratories by 11,457.1% in the third quarter. International Assets Investment Management LLC now owns 809 shares of the semiconductor company’s stock valued at $93,000 after buying an additional 802 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new stake in Silicon Laboratories in the third quarter worth about $189,000.

Silicon Laboratories Price Performance

Silicon Laboratories stock opened at $137.62 on Thursday. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of -18.60 and a beta of 1.17. The firm has a 50-day moving average of $118.79 and a two-hundred day moving average of $114.40. Silicon Laboratories has a 1 year low of $94.00 and a 1 year high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.07. The firm had revenue of $166.00 million during the quarter, compared to analyst estimates of $165.50 million. Silicon Laboratories had a negative return on equity of 12.60% and a negative net margin of 46.93%. Silicon Laboratories’s quarterly revenue was down 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 earnings per share. Research analysts expect 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.