Silicon Laboratories (NASDAQ:SLAB) Stock Price Expected to Rise, Barclays Analyst Says

Silicon Laboratories (NASDAQ:SLAB) had its target price hoisted by Barclays from $75.00 to $120.00 in a research report report published on Friday morning,Benzinga reports. They currently have an equal weight rating on the semiconductor company’s stock.

Several other brokerages also recently commented on SLAB. Morgan Stanley dropped their target price on shares of Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. cut their target price on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. KeyCorp reduced their price target on Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Benchmark reiterated a “hold” rating on shares of Silicon Laboratories in a report on Tuesday, November 5th. Finally, Susquehanna initiated coverage on shares of Silicon Laboratories in a report on Tuesday, December 17th. They set a “neutral” rating and a $130.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $128.56.

Silicon Laboratories Stock Up 1.7 %

SLAB stock opened at $134.75 on Friday. Silicon Laboratories has a twelve month low of $94.00 and a twelve month high of $154.91. The company has a market cap of $4.37 billion, a P/E ratio of -18.21 and a beta of 1.17. The business’s fifty day moving average is $120.06 and its 200-day moving average is $114.87.

Silicon Laboratories (NASDAQ:SLAB) last released its earnings results on Monday, November 4th. The semiconductor company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.07. The firm had revenue of $166.00 million for the quarter, compared to analyst estimates of $165.50 million. Silicon Laboratories had a negative return on equity of 12.60% and a negative net margin of 46.93%. The company’s quarterly revenue was down 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share. Research analysts anticipate that Silicon Laboratories will post -3.56 earnings per share for the current fiscal year.

Institutional Trading of Silicon Laboratories

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in shares of Silicon Laboratories by 1,106.4% during the 4th quarter. SG Americas Securities LLC now owns 23,791 shares of the semiconductor company’s stock worth $2,955,000 after purchasing an additional 21,819 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Silicon Laboratories by 6.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,134 shares of the semiconductor company’s stock valued at $514,000 after purchasing an additional 240 shares during the last quarter. Arkadios Wealth Advisors bought a new position in Silicon Laboratories during the fourth quarter worth about $237,000. Procyon Advisors LLC increased its position in Silicon Laboratories by 4.4% during the fourth quarter. Procyon Advisors LLC now owns 3,176 shares of the semiconductor company’s stock worth $395,000 after buying an additional 133 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new stake in Silicon Laboratories in the fourth quarter valued at approximately $268,000.

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.