Silicon Laboratories Inc. (NASDAQ:SLAB) Receives Average Recommendation of “Moderate Buy” from Brokerages

Silicon Laboratories Inc. (NASDAQ:SLAB) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $135.00.

A number of research analysts have recently commented on SLAB shares. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price objective on shares of Silicon Laboratories in a research note on Thursday, July 25th. StockNews.com raised shares of Silicon Laboratories to a “sell” rating in a research report on Tuesday, July 23rd.

Insider Transactions at Silicon Laboratories

In related news, SVP Brandon Tolany sold 845 shares of Silicon Laboratories stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total transaction of $97,175.00. Following the transaction, the senior vice president now owns 43,615 shares in the company, valued at approximately $5,015,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.72% of the company’s stock.

Institutional Investors Weigh In On Silicon Laboratories

Several institutional investors and hedge funds have recently modified their holdings of SLAB. Harbor Capital Advisors Inc. raised its holdings in shares of Silicon Laboratories by 8.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 1,292 shares of the semiconductor company’s stock valued at $143,000 after buying an additional 101 shares during the period. Orion Portfolio Solutions LLC raised its stake in shares of Silicon Laboratories by 1.1% during the first quarter. Orion Portfolio Solutions LLC now owns 9,858 shares of the semiconductor company’s stock valued at $1,417,000 after purchasing an additional 103 shares during the period. Victory Capital Management Inc. lifted its position in shares of Silicon Laboratories by 2.3% during the second quarter. Victory Capital Management Inc. now owns 6,638 shares of the semiconductor company’s stock worth $734,000 after purchasing an additional 150 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of Silicon Laboratories by 6.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,431 shares of the semiconductor company’s stock valued at $322,000 after purchasing an additional 157 shares during the period. Finally, State of Michigan Retirement System grew its holdings in Silicon Laboratories by 2.6% during the 1st quarter. State of Michigan Retirement System now owns 7,797 shares of the semiconductor company’s stock valued at $1,121,000 after purchasing an additional 200 shares in the last quarter.

Silicon Laboratories Stock Performance

Shares of NASDAQ SLAB opened at $114.37 on Friday. The firm’s 50 day moving average price is $111.11 and its 200 day moving average price is $120.72. The firm has a market cap of $3.69 billion, a P/E ratio of -34.55 and a beta of 1.19. Silicon Laboratories has a 1 year low of $74.56 and a 1 year high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last announced its quarterly earnings data on Wednesday, July 24th. The semiconductor company reported ($0.56) EPS for the quarter, beating analysts’ consensus estimates of ($0.64) by $0.08. The business had revenue of $145.40 million during the quarter, compared to the consensus estimate of $140.18 million. Silicon Laboratories had a negative return on equity of 9.13% and a negative net margin of 36.53%. The business’s revenue for the quarter was down 40.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 earnings per share. As a group, equities analysts predict that Silicon Laboratories will post -3.41 EPS for the current year.

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.