Silicon Laboratories (NASDAQ:SLAB) PT Lowered to $145.00

Silicon Laboratories (NASDAQ:SLAB) had its price objective lowered by TD Cowen from $155.00 to $145.00 in a report published on Thursday morning, MarketBeat.com reports. TD Cowen currently has a buy rating on the semiconductor company’s stock.

Several other research firms have also weighed in on SLAB. StockNews.com lowered shares of Silicon Laboratories from a hold rating to a sell rating in a research note on Friday, December 29th. JPMorgan Chase & Co. increased their price objective on shares of Silicon Laboratories from $145.00 to $165.00 and gave the stock an overweight rating in a research note on Thursday, February 8th. Barclays increased their price objective on shares of Silicon Laboratories from $120.00 to $140.00 and gave the stock an equal weight rating in a research note on Thursday, February 8th. Needham & Company LLC upgraded shares of Silicon Laboratories from a hold rating to a buy rating and set a $150.00 price objective on the stock in a research note on Thursday. Finally, Stifel Nicolaus raised their price target on shares of Silicon Laboratories from $136.00 to $155.00 and gave the company a buy rating in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Silicon Laboratories currently has a consensus rating of Hold and an average price target of $135.00.

Silicon Laboratories Stock Performance

Shares of SLAB stock opened at $122.13 on Thursday. Silicon Laboratories has a one year low of $74.56 and a one year high of $166.94. The company’s 50-day simple moving average is $133.57 and its 200-day simple moving average is $122.23. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of -36.90 and a beta of 1.27.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($1.34) EPS for the quarter, missing the consensus estimate of ($1.29) by ($0.05). Silicon Laboratories had a negative return on equity of 4.45% and a negative net margin of 16.36%. The company had revenue of $106.38 million for the quarter, compared to the consensus estimate of $104.45 million. As a group, research analysts forecast that Silicon Laboratories will post -1.66 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC purchased a new position in Silicon Laboratories during the third quarter valued at approximately $30,000. GAMMA Investing LLC purchased a new position in Silicon Laboratories during the fourth quarter valued at approximately $36,000. Gladius Capital Management LP grew its position in Silicon Laboratories by 328.7% during the fourth quarter. Gladius Capital Management LP now owns 373 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 286 shares in the last quarter. CWM LLC grew its position in Silicon Laboratories by 78.1% during the fourth quarter. CWM LLC now owns 374 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 164 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in Silicon Laboratories by 31.7% during the third quarter. Global Retirement Partners LLC now owns 507 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 122 shares in the last quarter.

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.