Stifel Nicolaus Has Lowered Expectations for Silicon Laboratories (NASDAQ:SLAB) Stock Price

Silicon Laboratories (NASDAQ:SLAB) had its price target reduced by Stifel Nicolaus from $160.00 to $135.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the semiconductor company’s stock.

A number of other analysts have also commented on SLAB. Needham & Company LLC reiterated a “buy” rating and set a $150.00 target price on shares of Silicon Laboratories in a research report on Thursday, July 25th. KeyCorp dropped their price objective on Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating for the company in a report on Tuesday. Barclays reduced their target price on Silicon Laboratories from $120.00 to $75.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, StockNews.com raised Silicon Laboratories to a “sell” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $121.50.

Silicon Laboratories Stock Down 0.3 %

Shares of SLAB opened at $104.46 on Tuesday. The stock’s fifty day simple moving average is $112.56 and its 200-day simple moving average is $115.56. The firm has a market capitalization of $3.37 billion, a PE ratio of -16.85 and a beta of 1.20. Silicon Laboratories has a 12-month low of $90.65 and a 12-month high of $154.91.

Silicon Laboratories (NASDAQ:SLAB) last issued its earnings results on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.07. Silicon Laboratories had a negative net margin of 36.53% and a negative return on equity of 9.13%. The company had revenue of $166.00 million for the quarter, compared to analyst estimates of $165.50 million. During the same quarter last year, the firm earned $0.48 EPS. The company’s revenue for the quarter was down 18.5% on a year-over-year basis. Analysts anticipate that Silicon Laboratories will post -3.41 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Brandon Tolany sold 845 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $115.00, for a total value of $97,175.00. Following the completion of the transaction, the senior vice president now owns 43,615 shares in the company, valued at $5,015,725. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.72% of the company’s stock.

Institutional Investors Weigh In On Silicon Laboratories

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its stake in shares of Silicon Laboratories by 5.9% in the 1st quarter. BNP Paribas Financial Markets now owns 44,997 shares of the semiconductor company’s stock valued at $6,467,000 after purchasing an additional 2,526 shares during the period. Fidelis Capital Partners LLC acquired a new stake in Silicon Laboratories in the 1st quarter valued at approximately $55,000. Texas Permanent School Fund Corp lifted its stake in Silicon Laboratories by 2.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 27,916 shares of the semiconductor company’s stock valued at $4,012,000 after acquiring an additional 768 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Silicon Laboratories by 13.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 5,977 shares of the semiconductor company’s stock worth $859,000 after acquiring an additional 709 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Silicon Laboratories by 88.9% in the first quarter. SG Americas Securities LLC now owns 1,840 shares of the semiconductor company’s stock valued at $264,000 after purchasing an additional 866 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.