Silicon Laboratories (NASDAQ:SLAB) PT Lowered to $150.00

Silicon Laboratories (NASDAQ:SLAB) had its price objective decreased by research analysts at JPMorgan Chase & Co. from $165.00 to $150.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 22.82% from the company’s current price.

Several other research firms also recently weighed in on SLAB. TD Cowen cut their price target on Silicon Laboratories from $155.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday. Summit Insights downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus upped their price target on Silicon Laboratories from $136.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Barclays upped their price target on Silicon Laboratories from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 8th. Finally, Benchmark restated a “hold” rating on shares of Silicon Laboratories in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Silicon Laboratories has a consensus rating of “Hold” and an average target price of $135.00.

Silicon Laboratories Stock Performance

Shares of NASDAQ:SLAB opened at $122.13 on Thursday. Silicon Laboratories has a 52-week low of $74.56 and a 52-week high of $166.94. The firm has a market capitalization of $3.90 billion, a P/E ratio of -36.90 and a beta of 1.27. The stock has a 50 day moving average price of $133.57 and a 200-day moving average price of $122.15.

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

Institutional Trading of Silicon Laboratories

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Silicon Laboratories by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 3,464,163 shares of the semiconductor company’s stock worth $458,205,000 after buying an additional 179,131 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Silicon Laboratories by 73.9% in the 4th quarter. Capital Research Global Investors now owns 937,939 shares of the semiconductor company’s stock worth $124,061,000 after buying an additional 398,489 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Silicon Laboratories by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 641,710 shares of the semiconductor company’s stock worth $84,884,000 after buying an additional 28,759 shares during the last quarter. Van Berkom & Associates Inc. boosted its stake in shares of Silicon Laboratories by 36.2% in the 3rd quarter. Van Berkom & Associates Inc. now owns 572,762 shares of the semiconductor company’s stock worth $66,377,000 after buying an additional 152,269 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Silicon Laboratories by 6.9% in the 4th quarter. Federated Hermes Inc. now owns 516,484 shares of the semiconductor company’s stock worth $68,315,000 after buying an additional 33,357 shares during the last quarter.

Silicon Laboratories Company Profile

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.