Silicon Laboratories (NASDAQ:SLAB) Given Hold Rating at Benchmark

Silicon Laboratories (NASDAQ:SLAB - Get Free Report)'s stock had its "hold" rating reissued by stock analysts at Benchmark in a research note issued on Tuesday, Benzinga reports.

Several other research analysts have also weighed in on the company. KeyCorp lowered their price objective on Silicon Laboratories from $150.00 to $115.00 and set an "overweight" rating for the company in a research report on Tuesday. StockNews.com upgraded Silicon Laboratories to a "sell" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. cut their price target on Silicon Laboratories from $150.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday. Needham & Company LLC reiterated a "buy" rating and set a $150.00 target price on shares of Silicon Laboratories in a research report on Thursday, July 25th. Finally, Stifel Nicolaus cut their target price on shares of Silicon Laboratories from $160.00 to $135.00 and set a "buy" rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $121.50.

Silicon Laboratories Trading Down 0.3 %

NASDAQ:SLAB traded down $0.28 on Tuesday, hitting $104.46. The company had a trading volume of 953,558 shares, compared to its average volume of 297,919. Silicon Laboratories has a 52 week low of $90.65 and a 52 week high of $154.91. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of -17.30 and a beta of 1.20. The firm has a 50 day moving average of $112.56 and a two-hundred day moving average of $115.56.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The semiconductor company reported ($0.13) EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.07. Silicon Laboratories had a negative return on equity of 9.13% and a negative net margin of 36.53%. The firm had revenue of $166.00 million for the quarter, compared to analyst estimates of $165.50 million. During the same period last year, the firm posted $0.48 earnings per share. The business's revenue for the quarter was down 18.5% on a year-over-year basis. As a group, equities analysts forecast that Silicon Laboratories will post -3.41 EPS for the current year.

Insider Activity

In related news, SVP Brandon Tolany sold 845 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total value of $97,175.00. Following the completion of the transaction, the senior vice president now directly owns 43,615 shares in the company, valued at $5,015,725. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.72% of the company's stock.

Institutional Trading of Silicon Laboratories

A number of institutional investors have recently made changes to their positions in SLAB. Cullen Frost Bankers Inc. bought a new position in Silicon Laboratories in the second quarter valued at about $28,000. Fidelis Capital Partners LLC purchased a new position in shares of Silicon Laboratories in the first quarter worth approximately $55,000. GAMMA Investing LLC grew its position in 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 buying an additional 227 shares during the period. Daiwa Securities Group Inc. purchased a new stake in Silicon Laboratories during the second quarter valued at approximately $60,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Silicon Laboratories in the second quarter worth approximately $82,000.

About Silicon Laboratories

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.