Silicon Laboratories (NASDAQ:SLAB) Price Target Lowered to $135.00 at JPMorgan Chase & Co.

Silicon Laboratories (NASDAQ:SLAB - Free Report) had its target price lowered by JPMorgan Chase & Co. from $150.00 to $135.00 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the semiconductor company's stock.

SLAB has been the topic of a number of other reports. Needham & Company LLC reissued a "buy" rating and issued a $150.00 target price on shares of Silicon Laboratories in a research note on Thursday, July 25th. Stifel Nicolaus reduced their price objective on shares of Silicon Laboratories from $160.00 to $135.00 and set a "buy" rating for the company in a research note on Tuesday. 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 research report on Tuesday. KeyCorp reduced their target price on Silicon Laboratories from $150.00 to $115.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, StockNews.com raised Silicon Laboratories to a "sell" rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $121.50.

Silicon Laboratories Trading Down 0.3 %

SLAB traded down $0.28 during trading on Tuesday, reaching $104.46. The stock had a trading volume of 953,487 shares, compared to its average volume of 297,836. Silicon Laboratories has a one year low of $90.65 and a one year high of $154.91. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of -17.30 and a beta of 1.20. The stock's 50 day moving average is $112.56 and its two-hundred day moving average is $115.56.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.07. Silicon Laboratories had a negative net margin of 36.53% and a negative return on equity of 9.13%. The business had revenue of $166.00 million for the quarter, compared to analyst estimates of $165.50 million. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Silicon Laboratories's quarterly revenue was down 18.5% on a year-over-year basis. On average, equities research analysts predict that Silicon Laboratories will post -3.41 earnings per share for the current year.

Insider Activity

In other news, SVP Brandon Tolany sold 845 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $115.00, for a total transaction of $97,175.00. Following the transaction, the senior vice president now owns 43,615 shares of the company's stock, valued at approximately $5,015,725. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.72% of the company's stock.

Institutional Trading of Silicon Laboratories

Hedge funds have recently modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new stake in Silicon Laboratories during the second quarter valued at approximately $28,000. Fidelis Capital Partners LLC purchased a new stake in shares of Silicon Laboratories during the 1st quarter valued at $55,000. GAMMA Investing LLC lifted its holdings in shares of Silicon Laboratories by 84.1% during the 3rd 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. Daiwa Securities Group Inc. acquired a new stake in shares of Silicon Laboratories in the 2nd quarter worth $60,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Silicon Laboratories during the 2nd quarter worth $82,000.

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.