Silicon Laboratories (NASDAQ:SLAB) Coverage Initiated by Analysts at Susquehanna

Susquehanna initiated coverage on shares of Silicon Laboratories (NASDAQ:SLAB - Free Report) in a research report released on Tuesday morning, Marketbeat reports. The brokerage issued a neutral rating and a $130.00 price objective on the semiconductor company's stock.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus decreased their target price on shares of Silicon Laboratories from $160.00 to $135.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Barclays lowered their target price on Silicon Laboratories from $120.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 5th. Morgan Stanley reduced their price target on Silicon Laboratories from $123.00 to $97.00 and set an "equal weight" rating for the company in a research report on Tuesday, November 5th. Benchmark reissued a "hold" rating on shares of Silicon Laboratories in a report on Tuesday, November 5th. Finally, StockNews.com raised shares of Silicon Laboratories to a "sell" rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Silicon Laboratories presently has a consensus rating of "Hold" and a consensus price target of $122.44.

Silicon Laboratories Stock Down 1.6 %

SLAB stock traded down $2.16 during midday trading on Tuesday, reaching $128.96. The company had a trading volume of 263,599 shares, compared to its average volume of 298,539. The stock has a 50 day moving average price of $112.61 and a 200 day moving average price of $112.88. The firm has a market capitalization of $4.18 billion, a PE ratio of -17.43 and a beta of 1.21. Silicon Laboratories has a fifty-two week low of $94.00 and a fifty-two week high of $154.91.

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

Hedge Funds Weigh In On Silicon Laboratories

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cullen Frost Bankers Inc. purchased a new stake in Silicon Laboratories during the second quarter valued at about $28,000. Advisors Asset Management Inc. lifted its position in shares of Silicon Laboratories by 159.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 275 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 169 shares in the last quarter. 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 worth $57,000 after purchasing an additional 227 shares during the period. Daiwa Securities Group Inc. purchased a new position in Silicon Laboratories during the 2nd quarter worth approximately $60,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Silicon Laboratories during the 2nd quarter valued at $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.