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

Shares of Silicon Laboratories, Inc. (NASDAQ:SLAB) have earned a consensus rating of “Hold” from the ten brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $167.7778.

Several brokerages recently issued reports on SLAB. Benchmark downgraded shares of Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, February 4th. Citigroup raised their price objective on shares of Silicon Laboratories from $135.00 to $231.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicon Laboratories in a research note on Monday, December 29th. Needham & Company LLC downgraded Silicon Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, February 4th. Finally, KeyCorp lowered Silicon Laboratories from an “overweight” rating to a “hold” rating in a research report on Wednesday, February 4th.

Insider Buying and Selling

In other news, Director Nina Richardson sold 1,355 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $149.00, for a total transaction of $201,895.00. Following the sale, the director owned 8,543 shares in the company, valued at approximately $1,272,907. This represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Silicon Laboratories by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 3,992,407 shares of the semiconductor company’s stock worth $521,808,000 after buying an additional 121,432 shares in the last quarter. State Street Corp increased its position in Silicon Laboratories by 0.5% in the 2nd quarter. State Street Corp now owns 1,517,813 shares of the semiconductor company’s stock valued at $223,665,000 after acquiring an additional 7,139 shares in the last quarter. Invesco Ltd. raised its stake in shares of Silicon Laboratories by 12.9% in the fourth quarter. Invesco Ltd. now owns 852,493 shares of the semiconductor company’s stock worth $111,421,000 after acquiring an additional 97,351 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Silicon Laboratories by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 824,771 shares of the semiconductor company’s stock worth $107,814,000 after acquiring an additional 7,921 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Silicon Laboratories by 89.5% during the third quarter. AQR Capital Management LLC now owns 701,919 shares of the semiconductor company’s stock worth $91,109,000 after purchasing an additional 331,427 shares in the last quarter.

Silicon Laboratories Price Performance

Shares of NASDAQ:SLAB opened at $206.96 on Tuesday. The business’s fifty day moving average price is $185.98 and its two-hundred day moving average price is $151.55. Silicon Laboratories has a fifty-two week low of $82.82 and a fifty-two week high of $208.84. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of -104.00 and a beta of 1.46.

Silicon Laboratories (NASDAQ:SLAB) last issued its quarterly earnings data on Wednesday, February 4th. The semiconductor company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Silicon Laboratories had a negative return on equity of 4.07% and a negative net margin of 8.27%.The company had revenue of $208.21 million during the quarter, compared to analysts’ expectations of $207.63 million. During the same period last year, the business earned ($0.11) earnings per share. The business’s revenue was up 25.3% on a year-over-year basis. Research analysts expect that Silicon Laboratories will post -0.97 EPS for the current fiscal year.

Silicon Laboratories Company Profile

Silicon Laboratories (NASDAQ:SLAB) is a global semiconductor company that develops high-performance analog and mixed-signal integrated circuits, wireless system-on-chips (SoCs), microcontrollers, and radio frequency (RF) solutions. Its product portfolio is tailored to support the Internet of Things (IoT), infrastructure, industrial automation, consumer electronics, automotive, and energy markets. By combining silicon, software, and tools, Silicon Labs aims to accelerate development cycles and deliver low-power, highly integrated solutions that address demanding application requirements.

Founded in 1996 and headquartered in Austin, Texas, Silicon Labs has grown into a multinational organization with engineering and sales operations across North America, Europe, and Asia.