Silicon Laboratories (NASDAQ:SLAB) Hits New 52-Week Low - Should You Sell?

Silicon Laboratories Inc. (NASDAQ:SLAB - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $82.82 and last traded at $99.41, with a volume of 1632038 shares. The stock had previously closed at $86.17.

Analysts Set New Price Targets

SLAB has been the topic of a number of analyst reports. StockNews.com cut shares of Silicon Laboratories from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. Susquehanna assumed coverage on shares of Silicon Laboratories in a research note on Tuesday, December 17th. They issued a "neutral" rating and a $130.00 price target on the stock. KeyCorp increased their price objective on Silicon Laboratories from $115.00 to $160.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Stifel Nicolaus raised their target price on Silicon Laboratories from $135.00 to $145.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $150.00 price target on shares of Silicon Laboratories in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $136.20.

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Silicon Laboratories Price Performance

The company has a fifty day moving average price of $126.42 and a two-hundred day moving average price of $122.32. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of -15.41 and a beta of 1.33.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $166.25 million during the quarter, compared to analyst estimates of $166.09 million. Silicon Laboratories had a negative net margin of 32.69% and a negative return on equity of 10.46%. The business's revenue for the quarter was up 91.4% on a year-over-year basis. During the same quarter last year, the firm posted ($1.19) EPS. On average, research analysts expect that Silicon Laboratories Inc. will post -0.97 earnings per share for the current fiscal year.

Insider Buying and Selling at Silicon Laboratories

In other news, Director Navdeep S. Sooch sold 2,360 shares of the business'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 sale, the director now owns 400,567 shares in the company, valued at $59,684,483. The trade was a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the transaction, the director now directly owns 31,115 shares of the company's stock, valued at $4,649,514.45. This represents a 3.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,360 shares of company stock valued at $782,610. Corporate insiders own 1.60% of the company's stock.

Institutional Trading of Silicon Laboratories

Hedge funds have recently modified their holdings of the business. Capital Research Global Investors raised its position in Silicon Laboratories by 23.3% during the fourth quarter. Capital Research Global Investors now owns 2,131,920 shares of the semiconductor company's stock valued at $264,827,000 after buying an additional 403,010 shares during the period. Norges Bank purchased a new position in Silicon Laboratories during the 4th quarter valued at about $34,622,000. Invesco Ltd. increased its holdings in shares of Silicon Laboratories by 46.9% in the 4th quarter. Invesco Ltd. now owns 595,382 shares of the semiconductor company's stock valued at $73,958,000 after purchasing an additional 190,085 shares during the period. GAMMA Investing LLC lifted its position in shares of Silicon Laboratories by 22,374.1% in the first 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. Finally, Raymond James Financial Inc. acquired a new stake in shares of Silicon Laboratories during the fourth quarter worth approximately $14,252,000.

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.