Silicon Laboratories (NASDAQ:SLAB - Get Free Report) was upgraded by Benchmark from a "hold" rating to a "buy" rating in a report issued on Wednesday, MarketBeat.com reports. The brokerage currently has a $160.00 price objective on the semiconductor company's stock. Benchmark's target price would suggest a potential upside of 12.15% from the stock's current price.
Other equities analysts also recently issued reports about the company. Susquehanna started coverage on Silicon Laboratories in a report on Tuesday, December 17th. They issued a "neutral" rating and a $130.00 price target for the company. Barclays increased their target price on shares of Silicon Laboratories from $75.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 17th. Morgan Stanley reduced their target price 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. KeyCorp lifted their price objective on Silicon Laboratories from $115.00 to $160.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Finally, Stifel Nicolaus lifted their price objective on Silicon Laboratories from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Silicon Laboratories has a consensus rating of "Moderate Buy" and a consensus price target of $136.20.
Check Out Our Latest Stock Analysis on SLAB
Silicon Laboratories Price Performance
SLAB stock traded down $4.74 during trading on Wednesday, hitting $142.66. The stock had a trading volume of 418,568 shares, compared to its average volume of 374,538. The company's 50-day moving average price is $129.76 and its two-hundred day moving average price is $117.13. The stock has a market capitalization of $4.63 billion, a P/E ratio of -24.02 and a beta of 1.16. Silicon Laboratories has a twelve month low of $94.00 and a twelve month high of $154.91.
Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported ($0.11) EPS for the quarter, meeting the consensus estimate of ($0.11). The firm had revenue of $166.25 million for 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.19) EPS. As a group, sell-side analysts expect that Silicon Laboratories will post -0.47 EPS for the current fiscal year.
Insider Buying and Selling at Silicon Laboratories
In other Silicon Laboratories news, Director William G. Bock sold 2,000 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $140.77, for a total transaction of $281,540.00. Following the completion of the transaction, the director now owns 32,115 shares in the company, valued at approximately $4,520,828.55. This represents a 5.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Navdeep S. Sooch sold 2,360 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $149.00, for a total transaction of $351,640.00. Following the completion of the sale, the director now directly 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. Company insiders own 1.72% of the company's stock.
Institutional Investors Weigh In On Silicon Laboratories
Several hedge funds have recently added to or reduced their stakes in SLAB. Jones Financial Companies Lllp boosted its holdings in Silicon Laboratories by 44.5% in the 4th quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company's stock valued at $28,000 after purchasing an additional 69 shares during the period. Advisors Asset Management Inc. grew 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 buying an additional 169 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Silicon Laboratories by 84.1% during the third quarter. GAMMA Investing LLC now owns 497 shares of the semiconductor company's stock valued at $57,000 after purchasing an additional 227 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Silicon Laboratories by 11,457.1% during 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 lifted its holdings in Silicon Laboratories by 207.0% during the 4th quarter. Venturi Wealth Management LLC now owns 786 shares of the semiconductor company's stock worth $98,000 after buying an additional 530 shares during the period.
About Silicon Laboratories
(
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.
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