Silicon Laboratories Inc. (NASDAQ:SLAB) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Silicon Laboratories Inc. (NASDAQ:SLAB - Get Free Report) have received an average rating of "Moderate Buy" from the eleven research firms that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $136.20.

Several research analysts have recently weighed in on the stock. Susquehanna began coverage on shares of Silicon Laboratories in a report on Tuesday, December 17th. They issued a "neutral" rating and a $130.00 price target on the stock. Barclays raised their price target on Silicon Laboratories from $75.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 17th. Stifel Nicolaus boosted their price objective on Silicon Laboratories from $135.00 to $145.00 and gave the stock 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 stock an "overweight" rating in a research report on Wednesday, January 22nd. Finally, StockNews.com lowered shares of Silicon Laboratories from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th.

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Silicon Laboratories Stock Down 7.1 %

SLAB traded down $7.04 on Tuesday, hitting $92.08. The company's stock had a trading volume of 506,977 shares, compared to its average volume of 319,149. The company's 50 day simple moving average is $133.58 and its 200-day simple moving average is $123.56. Silicon Laboratories has a 12 month low of $89.05 and a 12 month high of $160.00. The firm has a market cap of $2.99 billion, a P/E ratio of -15.50 and a beta of 1.33.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share for the quarter, meeting 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 analysts' expectations of $166.09 million. During the same period in the previous year, the business earned ($1.19) earnings per share. The firm's quarterly revenue was up 91.4% compared to the same quarter last year. Equities analysts predict that Silicon Laboratories will post -0.97 earnings per share for the current fiscal year.

Insider Activity at Silicon Laboratories

In related news, Director William G. Bock sold 1,000 shares of the firm'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 transaction of $149,430.00. Following the transaction, the director now directly owns 31,115 shares in the company, valued at $4,649,514.45. This trade represents a 3.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Navdeep S. Sooch sold 2,360 shares of Silicon Laboratories stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $149.00, for a total value of $351,640.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,360 shares of company stock valued at $782,610. Insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On Silicon Laboratories

Several institutional investors have recently added to or reduced their stakes in SLAB. FMR LLC raised its stake in shares of Silicon Laboratories by 0.5% during the fourth quarter. FMR LLC now owns 4,867,203 shares of the semiconductor company's stock valued at $604,604,000 after acquiring an additional 23,833 shares during the last quarter. Vanguard Group Inc. raised its position in Silicon Laboratories by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 3,959,580 shares of the semiconductor company's stock valued at $491,859,000 after purchasing an additional 71,942 shares during the last quarter. Capital Research Global Investors lifted its holdings in Silicon Laboratories by 23.3% in the 4th quarter. Capital Research Global Investors now owns 2,131,920 shares of the semiconductor company's stock worth $264,827,000 after buying an additional 403,010 shares during the period. Wellington Management Group LLP lifted its stake in Silicon Laboratories by 28.3% in the third quarter. Wellington Management Group LLP now owns 888,382 shares of the semiconductor company's stock worth $102,670,000 after acquiring an additional 195,997 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Silicon Laboratories by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 781,049 shares of the semiconductor company's stock valued at $90,282,000 after purchasing an additional 15,728 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.