Silicon Laboratories (NASDAQ:SLAB) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Silicon Laboratories Inc. (NASDAQ:SLAB - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $113.20 and traded as high as $126.98. Silicon Laboratories shares last traded at $124.86, with a volume of 199,811 shares.

Analyst Ratings Changes

Several analysts have issued reports on SLAB shares. Morgan Stanley dropped their price target on Silicon Laboratories from $123.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Tuesday, November 5th. Stifel Nicolaus dropped their target price on Silicon Laboratories from $160.00 to $135.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. StockNews.com raised Silicon Laboratories to a "sell" rating in a research report on Friday, November 8th. Barclays lowered their price objective on shares of Silicon Laboratories from $120.00 to $75.00 and set an "equal weight" rating on the stock in a report on Tuesday, November 5th. Finally, Susquehanna assumed coverage on shares of Silicon Laboratories in a report on Tuesday, December 17th. They set a "neutral" rating and a $130.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $122.44.

Silicon Laboratories Trading Down 0.5 %

The firm's 50 day moving average price is $114.70 and its two-hundred day moving average price is $113.22. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of -16.79 and a beta of 1.21.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share for the quarter, topping analysts' consensus estimates of ($0.20) by $0.07. Silicon Laboratories had a negative return on equity of 12.60% and a negative net margin of 46.93%. The firm had revenue of $166.00 million for the quarter, compared to the consensus estimate of $165.50 million. During the same quarter in the previous year, the business earned $0.48 earnings per share. The business's revenue was down 18.5% compared to the same quarter last year. As a group, equities research analysts predict that Silicon Laboratories Inc. will post -3.56 EPS for the current year.

Institutional Trading of Silicon Laboratories

A number of hedge funds have recently modified their holdings of SLAB. Cullen Frost Bankers Inc. bought a new position in Silicon Laboratories in the 2nd quarter valued at about $28,000. Advisors Asset Management Inc. increased its stake in shares of Silicon Laboratories by 159.4% during the third quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 169 shares during the period. GAMMA Investing LLC boosted its stake in Silicon Laboratories by 84.1% in the 3rd quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company's stock valued at $57,000 after purchasing an additional 227 shares during the period. Daiwa Securities Group Inc. acquired a new position in Silicon Laboratories in the 2nd quarter valued at $60,000. Finally, International Assets Investment Management LLC increased its position in Silicon Laboratories by 11,457.1% during the 3rd quarter. International Assets Investment Management LLC now owns 809 shares of the semiconductor company's stock worth $93,000 after buying an additional 802 shares during the period.

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.