Silicon Laboratories (NASDAQ: SLAB) has recently received a number of price target changes and ratings updates:
- 4/25/2024 – Silicon Laboratories had its price target lowered by analysts at JPMorgan Chase & Co. from $165.00 to $150.00. They now have an “overweight” rating on the stock.
- 4/25/2024 – Silicon Laboratories had its price target lowered by analysts at Citigroup Inc. from $137.00 to $120.00. They now have a “neutral” rating on the stock.
- 4/25/2024 – Silicon Laboratories had its “hold” rating reaffirmed by analysts at Benchmark Co..
- 4/25/2024 – Silicon Laboratories had its price target lowered by analysts at Barclays PLC from $140.00 to $120.00. They now have an “equal weight” rating on the stock.
- 4/25/2024 – Silicon Laboratories had its price target lowered by analysts at TD Cowen from $155.00 to $145.00. They now have a “buy” rating on the stock.
- 4/25/2024 – Silicon Laboratories was upgraded by analysts at Needham & Company LLC from a “hold” rating to a “buy” rating. They now have a $150.00 price target on the stock.
- 4/24/2024 – Silicon Laboratories was downgraded by analysts at Summit Insights from a “buy” rating to a “hold” rating.
Silicon Laboratories Trading Down 1.9 %
Shares of SLAB stock traded down $2.32 on Tuesday, reaching $121.43. 228,952 shares of the stock were exchanged, compared to its average volume of 327,035. Silicon Laboratories Inc. has a twelve month low of $74.56 and a twelve month high of $166.94. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of -36.69 and a beta of 1.27. The business’s 50 day moving average price is $133.25 and its 200 day moving average price is $122.29.
Silicon Laboratories (NASDAQ:SLAB – Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($1.34) EPS for the quarter, missing analysts’ consensus estimates of ($1.29) by ($0.05). The business had revenue of $106.38 million during the quarter, compared to analysts’ expectations of $104.45 million. Silicon Laboratories had a negative net margin of 16.36% and a negative return on equity of 4.45%. Equities research analysts forecast that Silicon Laboratories Inc. will post -1.66 earnings per share for the current year.
Institutional Investors Weigh In On 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.
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