Silicon Laboratories (NASDAQ:SLAB) Stock Rating Reaffirmed by Benchmark

Benchmark reiterated their hold rating on shares of Silicon Laboratories (NASDAQ:SLAB) in a research report sent to investors on Thursday morning, Benzinga reports.

Other research analysts also recently issued reports about the company. Stifel Nicolaus lifted their target price on Silicon Laboratories from $136.00 to $155.00 and gave the company a buy rating in a research note on Tuesday, January 2nd. Needham & Company LLC upgraded Silicon Laboratories from a hold rating to a buy rating and set a $150.00 price target on the stock in a research note on Thursday. TD Cowen decreased 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. Finally, JPMorgan Chase & Co. lifted their price target on Silicon Laboratories from $145.00 to $165.00 and gave the company an overweight rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Silicon Laboratories currently has a consensus rating of Hold and a consensus price target of $135.00.

Silicon Laboratories Trading Up 2.7 %

Shares of SLAB stock opened at $122.13 on Thursday. The business’s 50 day moving average is $133.57 and its two-hundred day moving average is $122.19. Silicon Laboratories has a twelve month low of $74.56 and a twelve month high of $166.94. The company has a market capitalization of $3.90 billion, a P/E ratio of -36.90 and a beta of 1.27.

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

Institutional Trading of Silicon Laboratories

A number of institutional investors have recently bought and sold shares of the company. L. Roy Papp & Associates LLP boosted its position 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 purchasing an additional 120 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in Silicon Laboratories by 20.0% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 733 shares of the semiconductor company’s stock worth $85,000 after purchasing an additional 122 shares in the last quarter. Global Retirement Partners LLC boosted its position in Silicon Laboratories by 31.7% during the third quarter. Global Retirement Partners LLC now owns 507 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 122 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in Silicon Laboratories by 6.9% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,431 shares of the semiconductor company’s stock worth $322,000 after purchasing an additional 157 shares in the last quarter. Finally, CWM LLC boosted its position in Silicon Laboratories by 78.1% during the fourth quarter. CWM LLC now owns 374 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 164 shares in 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.