Silicon Laboratories Inc. (NASDAQ:SLAB) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Silicon Laboratories Inc. (NASDAQ:SLAB - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $136.20.

SLAB has been the subject of a number of research reports. StockNews.com lowered Silicon Laboratories from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Stifel Nicolaus lifted their target price on Silicon Laboratories from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Susquehanna started coverage on shares of Silicon Laboratories in a report on Tuesday, December 17th. They issued a "neutral" rating and a $130.00 price target for the company. 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 note on Wednesday, February 5th. Finally, Barclays boosted their target price on shares of Silicon Laboratories from $75.00 to $120.00 and gave the stock an "equal weight" rating in a report on Friday, January 17th.

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Insider Activity at Silicon Laboratories

In related news, Director William G. Bock sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 of the company's stock, valued at approximately $4,649,514.45. The trade was a 3.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Navdeep S. Sooch sold 2,360 shares of the company'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 transaction, the director now owns 400,567 shares in the company, valued at approximately $59,684,483. This represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,360 shares of company stock valued at $782,610. Company insiders own 1.72% of the company's stock.

Institutional Trading of Silicon Laboratories

A number of institutional investors have recently bought and sold shares of SLAB. Jones Financial Companies Lllp raised its stake in shares of Silicon Laboratories by 44.5% during the 4th quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 69 shares in the last quarter. Advisors Asset Management Inc. raised its position in Silicon Laboratories by 159.4% during the third quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 169 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Silicon Laboratories in the fourth quarter valued at approximately $70,000. International Assets Investment Management LLC lifted its stake in 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 last quarter. Finally, Venturi Wealth Management LLC grew its position in Silicon Laboratories by 207.0% in the fourth quarter. Venturi Wealth Management LLC now owns 786 shares of the semiconductor company's stock worth $98,000 after acquiring an additional 530 shares in the last quarter.

Silicon Laboratories Trading Down 3.5 %

NASDAQ:SLAB traded down $4.87 during mid-day trading on Friday, hitting $133.81. The stock had a trading volume of 445,232 shares, compared to its average volume of 370,203. Silicon Laboratories has a 52 week low of $94.00 and a 52 week high of $160.00. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of -22.53 and a beta of 1.15. The company has a 50 day simple moving average of $138.54 and a 200-day simple moving average of $122.58.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.11). The business had revenue of $166.25 million for the quarter, compared to analysts' expectations of $166.09 million. Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The company's revenue was up 91.4% on a year-over-year basis. During the same period in the previous year, the business earned ($1.19) earnings per share. As a group, equities research analysts anticipate that Silicon Laboratories will post -0.97 earnings per share for the current year.

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.