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

Silicon Laboratories Inc. (NASDAQ:SLAB) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $136.20.

A number of research analysts recently commented on SLAB shares. Benchmark raised shares of Silicon Laboratories from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a research report on Wednesday, February 5th. KeyCorp boosted their price target on shares of Silicon Laboratories from $115.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. StockNews.com lowered Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Needham & Company LLC boosted their target price on Silicon Laboratories from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Finally, Barclays raised their price target on Silicon Laboratories from $75.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th.

Insiders Place Their Bets

In other Silicon Laboratories news, Director Navdeep S. Sooch sold 2,360 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $149.00, for a total transaction of $351,640.00. Following the completion of the sale, the director now directly owns 400,567 shares in the company, valued at $59,684,483. This trade represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William G. Bock sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $149.43, for a total value of $149,430.00. Following the sale, the director now owns 31,115 shares of the company’s stock, valued at approximately $4,649,514.45. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,360 shares of company stock valued at $782,610 over the last ninety days. 1.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in shares of 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 acquiring an additional 802 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Silicon Laboratories by 12.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,128 shares of the semiconductor company’s stock worth $246,000 after purchasing an additional 233 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Silicon Laboratories by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,711 shares of the semiconductor company’s stock valued at $428,000 after purchasing an additional 250 shares during the period. US Bancorp DE grew its position in shares of Silicon Laboratories by 14.0% during the 3rd quarter. US Bancorp DE now owns 1,892 shares of the semiconductor company’s stock worth $219,000 after purchasing an additional 232 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Silicon Laboratories by 33.7% during the third quarter. Harbor Capital Advisors Inc. now owns 1,727 shares of the semiconductor company’s stock worth $200,000 after purchasing an additional 435 shares during the period.

Silicon Laboratories Stock Down 1.3 %

NASDAQ:SLAB opened at $135.14 on Friday. The company has a market cap of $4.39 billion, a P/E ratio of -22.75 and a beta of 1.15. The firm’s 50 day moving average is $138.21 and its two-hundred day moving average is $122.12. Silicon Laboratories has a fifty-two week low of $94.00 and a fifty-two week high of $160.00.

Silicon Laboratories (NASDAQ:SLAB) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11). The company had revenue of $166.25 million during the quarter, compared to the consensus estimate of $166.09 million. Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. Silicon Laboratories’s revenue for the quarter was up 91.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.19) earnings per share. Research analysts forecast that Silicon Laboratories will post -0.97 earnings per share for the current fiscal year.

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.