Silicon Laboratories, Inc. (NASDAQ:SLAB) Receives $218.00 Average Target Price from Brokerages

Silicon Laboratories, Inc. (NASDAQ:SLAB) has been given an average rating of “Reduce” by the six ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $218.00.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Wednesday, June 24th.

Silicon Laboratories Stock Performance

SLAB stock opened at $218.41 on Friday. The company has a market capitalization of $7.29 billion, a PE ratio of -185.09 and a beta of 1.37. Silicon Laboratories has a one year low of $115.50 and a one year high of $220.90. The company’s 50 day moving average price is $218.29 and its two-hundred day moving average price is $210.37.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Tuesday, August 11th. The semiconductor company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Silicon Laboratories had a negative net margin of 4.57% and a negative return on equity of 0.66%. The firm had revenue of $228.19 million during the quarter, compared to analyst estimates of $227.99 million. During the same period in the previous year, the business posted $0.11 EPS. The business’s quarterly revenue was up 18.3% on a year-over-year basis. On average, research analysts predict that Silicon Laboratories will post 0.74 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SLAB. Harbor Investment Advisory LLC purchased a new stake in Silicon Laboratories during the 2nd quarter valued at about $28,000. Kestra Advisory Services LLC bought a new position in Silicon Laboratories during the 4th quarter worth approximately $32,000. Covestor Ltd increased its stake in Silicon Laboratories by 260.3% in the 4th quarter. Covestor Ltd now owns 281 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 203 shares during the period. Allworth Financial LP purchased a new position in Silicon Laboratories in the 2nd quarter worth approximately $42,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Silicon Laboratories in the fourth quarter valued at approximately $44,000.

Silicon Laboratories Company Profile

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.