Silicon Laboratories Inc. (NASDAQ:SLAB) Receives $136.20 Average Price Target from Analysts

Silicon Laboratories Inc. (NASDAQ:SLAB) has received an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $136.20.

A number of research analysts have issued reports on the stock. Stifel Nicolaus upped their target price on shares of Silicon Laboratories from $135.00 to $145.00 and gave the company a “buy” rating in a report on Monday, January 6th. KeyCorp upped their price objective on shares of Silicon Laboratories from $115.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. StockNews.com upgraded shares of Silicon Laboratories from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Needham & Company LLC boosted their price target on Silicon Laboratories from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Finally, Barclays raised their price objective on Silicon Laboratories from $75.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th.

Insiders Place Their Bets

In other Silicon Laboratories news, Director William G. Bock sold 2,000 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $140.77, for a total transaction of $281,540.00. Following the transaction, the director now owns 32,115 shares in the company, valued at $4,520,828.55. The trade was a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Navdeep S. Sooch sold 2,360 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $149.00, for a total value of $351,640.00. Following the sale, the director now owns 400,567 shares in the company, valued at approximately $59,684,483. The trade was a 0.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.72% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Silicon Laboratories

A number of institutional investors and hedge funds have recently bought and sold shares of SLAB. Jones Financial Companies Lllp grew its stake in shares of Silicon Laboratories by 44.5% during the fourth quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 69 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Silicon Laboratories by 159.4% in the third quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 169 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Silicon Laboratories by 84.1% in the third quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 227 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Silicon Laboratories during the 4th quarter valued at approximately $70,000. Finally, International Assets Investment Management LLC increased its holdings in Silicon Laboratories by 11,457.1% during the 3rd 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 during the last quarter.

Silicon Laboratories Price Performance

Shares of SLAB opened at $150.72 on Monday. Silicon Laboratories has a 1-year low of $94.00 and a 1-year high of $154.91. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of -25.37 and a beta of 1.16. The firm has a 50 day simple moving average of $131.87 and a 200-day simple moving average of $117.79.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share for the quarter, hitting the consensus estimate of ($0.11). Silicon Laboratories had a negative return on equity of 10.46% and a negative net margin of 32.69%. The company had revenue of $166.25 million during the quarter, compared to the consensus estimate of $166.09 million. During the same quarter last year, the business posted ($1.19) earnings per share. Silicon Laboratories’s revenue was up 91.4% compared to the same quarter last year. On average, equities analysts expect that Silicon Laboratories will post -0.47 earnings per share for the current fiscal 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.