Silicon Laboratories (NASDAQ:SLAB) PT Lowered to $120.00

Silicon Laboratories (NASDAQ:SLAB) had its price objective decreased by Citigroup from $137.00 to $120.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. Citigroup’s price target suggests a potential downside of 1.74% from the stock’s current price.

A number of other research analysts have also commented on the company. Barclays lowered their price target on Silicon Laboratories from $140.00 to $120.00 and set an “equal weight” rating on the stock in a report on Thursday. TD Cowen lowered their price target on Silicon Laboratories from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Thursday. Summit Insights lowered Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus raised their price target on Silicon Laboratories from $136.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Finally, JPMorgan Chase & Co. lowered their price target on Silicon Laboratories from $165.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $135.00.

Silicon Laboratories Stock Performance

SLAB stock opened at $122.13 on Thursday. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of -36.90 and a beta of 1.27. Silicon Laboratories has a 1 year low of $74.56 and a 1 year high of $166.94. The stock’s fifty day moving average is $133.57 and its two-hundred day moving average is $122.15.

Silicon Laboratories (NASDAQ:SLAB) last posted its earnings results on Wednesday, April 24th. The semiconductor company reported ($1.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.29) by ($0.05). The company had revenue of $106.38 million during the quarter, compared to the consensus estimate of $104.45 million. Silicon Laboratories had a negative net margin of 16.36% and a negative return on equity of 4.45%. As a group, analysts predict that Silicon Laboratories will post -1.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. L. Roy Papp & Associates LLP grew its holdings in Silicon Laboratories by 1.2% during the fourth quarter. L. Roy Papp & Associates LLP now owns 9,920 shares of the semiconductor company’s stock worth $1,312,000 after acquiring an additional 120 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Silicon Laboratories by 20.0% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 733 shares of the semiconductor company’s stock worth $85,000 after buying an additional 122 shares during the period. Global Retirement Partners LLC raised its holdings in Silicon Laboratories by 31.7% during the 3rd quarter. Global Retirement Partners LLC now owns 507 shares of the semiconductor company’s stock worth $58,000 after buying an additional 122 shares during the period. Coldstream Capital Management Inc. raised its holdings in Silicon Laboratories by 6.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,431 shares of the semiconductor company’s stock worth $322,000 after buying an additional 157 shares during the period. Finally, CWM LLC raised its holdings in Silicon Laboratories by 78.1% during the 4th quarter. CWM LLC now owns 374 shares of the semiconductor company’s stock worth $49,000 after buying an additional 164 shares during the period.

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.