Silicon Laboratories Inc. (NASDAQ:SLAB) Given Consensus Rating of "Hold" by Analysts

Silicon Laboratories Inc. (NASDAQ:SLAB - Get Free Report) has been given a consensus rating of "Hold" by the eleven research firms that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $123.56.

SLAB has been the topic of several research analyst reports. Benchmark reissued a "hold" rating on shares of Silicon Laboratories in a report on Tuesday, November 5th. StockNews.com upgraded Silicon Laboratories to a "sell" rating in a research report on Friday, November 8th. Morgan Stanley dropped their target price on Silicon Laboratories from $123.00 to $97.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 5th. KeyCorp cut their price target on Silicon Laboratories from $150.00 to $115.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. Finally, Susquehanna began coverage on shares of Silicon Laboratories in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $130.00 price objective on the stock.

Hedge Funds Weigh In On Silicon Laboratories

Several large investors have recently added to or reduced their stakes in SLAB. FMR LLC raised its position 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 purchasing an additional 54,708 shares during the period. Wellington Management Group LLP increased its stake in Silicon Laboratories by 28.3% in the 3rd quarter. Wellington Management Group LLP now owns 888,382 shares of the semiconductor company's stock worth $102,670,000 after buying an additional 195,997 shares in the last quarter. Geode Capital Management LLC raised its holdings in Silicon Laboratories by 2.1% during 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 during the period. Dimensional Fund Advisors LP lifted its position 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 valued at $70,699,000 after acquiring an additional 12,680 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Silicon Laboratories by 29.5% in the second quarter. American Century Companies Inc. now owns 316,407 shares of the semiconductor company's stock worth $35,004,000 after acquiring an additional 72,138 shares during the period.

Silicon Laboratories Price Performance

NASDAQ SLAB traded down $5.12 during trading hours on Thursday, hitting $132.50. The company's stock had a trading volume of 289,050 shares, compared to its average volume of 297,605. The company has a market cap of $4.30 billion, a P/E ratio of -17.91 and a beta of 1.17. The company's 50 day simple moving average is $119.23 and its two-hundred day simple moving average is $114.57. Silicon Laboratories has a 12 month low of $94.00 and a 12 month high of $154.91.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last announced its quarterly 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 firm had revenue of $166.00 million during the quarter, compared to analyst estimates of $165.50 million. Silicon Laboratories had a negative net margin of 46.93% and a negative return on equity of 12.60%. The business's revenue for the quarter was down 18.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 earnings per share. As a group, research analysts predict that Silicon Laboratories will post -3.56 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.