Silicon Laboratories Inc. (NASDAQ:SLAB - Get Free Report)'s stock price reached a new 52-week low on Friday . The stock traded as low as $92.52 and last traded at $92.84, with a volume of 10819 shares trading hands. The stock had previously closed at $99.12.
Wall Street Analysts Forecast Growth
Several research firms have commented on SLAB. Needham & Company LLC reissued a "buy" rating and issued a $150.00 price objective on shares of Silicon Laboratories in a research report on Wednesday, March 12th. Benchmark reiterated a "buy" rating and issued a $160.00 target price on shares of Silicon Laboratories in a research note on Wednesday, March 12th. Stifel Nicolaus upped their price target on Silicon Laboratories from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Monday, January 6th. StockNews.com lowered shares of Silicon Laboratories from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. Finally, KeyCorp boosted their target price 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $136.20.
View Our Latest Stock Report on SLAB
Silicon Laboratories Stock Up 7.0 %
The firm's 50 day moving average is $130.89 and its two-hundred day moving average is $123.05. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of -15.75 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, hitting 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 return on equity of 10.46% and a negative net margin of 32.69%. The business's quarterly revenue was up 91.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.19) EPS. On average, analysts anticipate that Silicon Laboratories Inc. will post -0.97 EPS for the current fiscal year.
Insider Activity at Silicon Laboratories
In other news, Director William G. Bock sold 1,000 shares of the company'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 value of $149,430.00. Following the completion of the sale, the director now directly owns 31,115 shares of the company's stock, valued at approximately $4,649,514.45. This represents a 3.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Navdeep S. Sooch sold 2,360 shares of the firm'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 transaction, the director now owns 400,567 shares in the company, valued at $59,684,483. This represents a 0.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,360 shares of company stock worth $782,610 over the last ninety days. 1.60% of the stock is currently owned by corporate insiders.
Institutional Trading of Silicon Laboratories
Several institutional investors have recently modified their holdings of SLAB. Rhumbline Advisers raised its position in Silicon Laboratories by 3.5% in the first quarter. Rhumbline Advisers now owns 104,407 shares of the semiconductor company's stock worth $11,753,000 after acquiring an additional 3,550 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Silicon Laboratories by 143.7% in the 1st quarter. Parallel Advisors LLC now owns 463 shares of the semiconductor company's stock worth $52,000 after purchasing an additional 273 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Silicon Laboratories by 22,374.1% in the 1st quarter. GAMMA Investing LLC now owns 126,754 shares of the semiconductor company's stock worth $14,269,000 after purchasing an additional 126,190 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Silicon Laboratories by 9.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,334 shares of the semiconductor company's stock valued at $290,000 after purchasing an additional 206 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in Silicon Laboratories during the fourth quarter worth approximately $1,303,000.
Silicon Laboratories Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Silicon Laboratories, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Silicon Laboratories wasn't on the list.
While Silicon Laboratories currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
