Silicon Laboratories Inc. (NASDAQ:SLAB) Receives Average Rating of “Hold” from Analysts

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

SLAB has been the subject of several research analyst reports. Morgan Stanley reduced their price objective on shares of Silicon Laboratories from $123.00 to $97.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th. Susquehanna began coverage on shares of Silicon Laboratories in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $130.00 price target for the company. StockNews.com upgraded shares of Silicon Laboratories to a “sell” rating in a report on Friday, November 8th. JPMorgan Chase & Co. reduced their price target on Silicon Laboratories from $150.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Finally, KeyCorp cut their target price on Silicon Laboratories from $150.00 to $115.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th.

Silicon Laboratories Price Performance

Shares of NASDAQ SLAB opened at $129.45 on Friday. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of -17.49 and a beta of 1.21. The business has a 50-day moving average of $114.26 and a 200-day moving average of $113.22. Silicon Laboratories has a 1-year low of $94.00 and a 1-year high of $154.91.

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

Hedge Funds Weigh In On Silicon Laboratories

A number of hedge funds have recently made changes to their positions in the business. FMR LLC grew 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 buying an additional 54,708 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Silicon Laboratories by 28.3% in the 3rd 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 last quarter. Geode Capital Management LLC increased its stake in shares of Silicon Laboratories by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 781,049 shares of the semiconductor company’s stock valued at $90,282,000 after acquiring an additional 15,728 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Silicon Laboratories by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 639,065 shares of the semiconductor company’s stock valued at $70,699,000 after buying an additional 12,680 shares in the last quarter. Finally, Van Berkom & Associates Inc. lifted its holdings in shares of Silicon Laboratories by 8.4% during the 2nd quarter. Van Berkom & Associates Inc. now owns 609,232 shares of the semiconductor company’s stock valued at $67,399,000 after purchasing an additional 47,058 shares in 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.