Analysts Set Silicon Laboratories Inc. (NASDAQ:SLAB) Target Price at $143.29

Silicon Laboratories Inc. (NASDAQ:SLAB) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $143.29.

Several brokerages have weighed in on SLAB. JPMorgan Chase & Co. increased their price objective on Silicon Laboratories from $145.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. StockNews.com downgraded shares of Silicon Laboratories from a “hold” rating to a “sell” rating in a report on Friday, December 29th. TD Cowen lifted their target price on shares of Silicon Laboratories from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Stifel Nicolaus upped their price target on shares of Silicon Laboratories from $136.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Finally, Barclays raised their price objective on shares of Silicon Laboratories from $120.00 to $140.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th.

Institutional Investors Weigh In On Silicon Laboratories

Hedge funds and other institutional investors have recently bought and sold shares of the business. Venturi Wealth Management LLC bought a new position in shares of Silicon Laboratories during the third quarter valued at $30,000. GAMMA Investing LLC bought a new position in Silicon Laboratories in the 4th quarter valued at approximately $36,000. Belpointe Asset Management LLC increased its holdings in shares of Silicon Laboratories by 72.5% in the 1st quarter. Belpointe Asset Management LLC now owns 207 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 87 shares in the last quarter. Live Oak Investment Partners purchased a new position in shares of Silicon Laboratories in the fourth quarter worth $39,000. Finally, Gladius Capital Management LP lifted its holdings in shares of Silicon Laboratories by 328.7% during the fourth quarter. Gladius Capital Management LP now owns 373 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 286 shares in the last quarter.

Silicon Laboratories Price Performance

NASDAQ SLAB opened at $117.50 on Tuesday. The business’s fifty day moving average is $136.20 and its 200-day moving average is $121.94. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of -103.98 and a beta of 1.27. Silicon Laboratories has a one year low of $74.56 and a one year high of $171.47.

Silicon Laboratories (NASDAQ:SLAB) last posted its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported ($1.46) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.91) by $0.45. The business had revenue of $86.85 million during the quarter, compared to the consensus estimate of $85.32 million. Silicon Laboratories had a negative net margin of 4.41% and a positive return on equity of 0.97%. Research analysts expect that Silicon Laboratories will post -1.66 EPS for the current fiscal year.

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.