Silicon Laboratories (NASDAQ:SLAB) Stock Price Expected to Rise, Barclays Analyst Says

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) had its target price increased by research analysts at Barclays from $75.00 to $120.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the semiconductor company's stock. Barclays's price objective would indicate a potential downside of 10.95% from the stock's previous close.

Several other equities analysts have also recently issued reports on the stock. Morgan Stanley lowered their target price on shares of Silicon Laboratories from $123.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Tuesday, November 5th. Benchmark reissued a "hold" rating on shares of Silicon Laboratories in a report on Tuesday, November 5th. Stifel Nicolaus raised their target price on shares of Silicon Laboratories from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Monday, January 6th. JPMorgan Chase & Co. cut their target price on shares of Silicon Laboratories from $150.00 to $135.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. Finally, StockNews.com raised Silicon Laboratories to a "sell" rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $128.56.

Silicon Laboratories Stock Performance

Shares of SLAB traded up $2.25 on Friday, hitting $134.75. 346,408 shares of the stock traded hands, compared to its average volume of 248,042. Silicon Laboratories has a one year low of $94.00 and a one year high of $154.91. The company has a market capitalization of $4.37 billion, a PE ratio of -18.21 and a beta of 1.17. The business has a 50 day simple moving average of $120.06 and a 200 day simple moving average of $114.87.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last posted its earnings results on Monday, November 4th. The semiconductor company reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.20) by $0.07. The business 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%. The company's quarterly revenue was down 18.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. On average, equities analysts expect that Silicon Laboratories will post -3.56 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SLAB. FMR LLC lifted its stake in shares of Silicon Laboratories by 1.1% during the 3rd quarter. FMR LLC now owns 4,843,370 shares of the semiconductor company's stock valued at $559,748,000 after buying an additional 54,708 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Silicon Laboratories by 28.3% in the third quarter. Wellington Management Group LLP now owns 888,382 shares of the semiconductor company's stock valued at $102,670,000 after acquiring an additional 195,997 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Silicon Laboratories by 2.1% in the third quarter. Geode Capital Management LLC now owns 781,049 shares of the semiconductor company's stock valued at $90,282,000 after acquiring an additional 15,728 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 worth $70,699,000 after acquiring an additional 12,680 shares during the period. Finally, Clearbridge Investments LLC grew its position in shares of Silicon Laboratories by 84.0% during the second quarter. Clearbridge Investments LLC now owns 273,776 shares of the semiconductor company's stock worth $30,288,000 after purchasing an additional 125,022 shares in the last quarter.

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.