Silicon Laboratories Inc. (NASDAQ:SLAB) Receives $122.44 Consensus Target Price from Analysts

Silicon Laboratories Inc. (NASDAQ:SLAB) has been assigned an average recommendation of “Hold” from the eleven research firms that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $122.44.

SLAB has been the subject of several research reports. Susquehanna assumed coverage on Silicon Laboratories in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $130.00 target price for the company. Stifel Nicolaus dropped their price objective on shares of Silicon Laboratories from $160.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Barclays reduced their target price on shares of Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. cut their price target on shares of Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, StockNews.com raised shares of Silicon Laboratories to a “sell” rating in a research note on Friday, November 8th.

Silicon Laboratories Trading Down 1.3 %

SLAB stock opened at $127.78 on Friday. The firm has a 50-day moving average price of $114.48 and a 200-day moving average price of $113.29. Silicon Laboratories has a 12 month low of $94.00 and a 12 month high of $154.91. The stock has a market capitalization of $4.15 billion, a P/E ratio of -17.27 and a beta of 1.21.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SLAB. Wellington Management Group LLP grew its stake in Silicon Laboratories by 28.3% during the third quarter. Wellington Management Group LLP now owns 888,382 shares of the semiconductor company’s stock worth $102,670,000 after purchasing an additional 195,997 shares during the period. Clearbridge Investments LLC grew its position in shares of Silicon Laboratories by 84.0% during the 2nd quarter. Clearbridge Investments LLC now owns 273,776 shares of the semiconductor company’s stock worth $30,288,000 after buying an additional 125,022 shares during the period. American Century Companies Inc. increased its stake in shares of Silicon Laboratories by 29.5% in the 2nd quarter. American Century Companies Inc. now owns 316,407 shares of the semiconductor company’s stock valued at $35,004,000 after acquiring an additional 72,138 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Silicon Laboratories during the 3rd quarter valued at $7,408,000. Finally, FMR LLC boosted its stake in Silicon Laboratories by 1.1% during the third quarter. FMR LLC now owns 4,843,370 shares of the semiconductor company’s stock worth $559,748,000 after acquiring an additional 54,708 shares in the last quarter.

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.