Silicon Laboratories, Inc. (NASDAQ:SLAB) Receives Average Rating of "Reduce" from Analysts

Key Points

• Analyst sentiment is negative: Silicon Laboratories has an average “Reduce” rating, with two sell ratings and five hold ratings. The average 12-month price target is $218, below the stock’s reported $222.76 price.
• The stock recently traded near its 12-month high, with a market capitalization of $7.43 billion and a negative price-to-earnings ratio of -188.78.
• Quarterly results modestly beat expectations: Silicon Laboratories reported $0.71 in earnings per share versus a $0.69 consensus estimate, while revenue rose 18.3% year over year to $228.19 million. Despite the growth, the company posted a negative net margin and negative return on equity.

Silicon Laboratories, Inc. (NASDAQ:SLAB - Get Free Report) has been given an average rating of "Reduce" by the seven research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $218.00.

A number of research analysts have commented on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Silicon Laboratories in a research report on Monday, September 21st. Zacks Research downgraded shares of Silicon Laboratories from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 18th.

Silicon Laboratories Trading Up 0.1%

NASDAQ SLAB opened at $222.76 on Friday. The company's 50-day moving average price is $219.42 and its 200-day moving average price is $216.71. The stock has a market cap of $7.43 billion, a PE ratio of -188.78 and a beta of 1.33. Silicon Laboratories has a 12 month low of $115.50 and a 12 month high of $223.50.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.02. The firm had revenue of $228.19 million during the quarter, compared to the consensus estimate of $227.99 million. Silicon Laboratories had a negative net margin of 4.57% and a negative return on equity of 0.66%. The company's revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. As a group, sell-side analysts forecast that Silicon Laboratories will post 0.52 earnings per share for the current year.

Institutional Investors Weigh In On Silicon Laboratories

Institutional investors have recently added to or reduced their stakes in the stock. Harbor Investment Advisory LLC bought a new position in Silicon Laboratories in the second quarter worth about $28,000. Allworth Financial LP acquired a new position in shares of Silicon Laboratories during the second quarter worth $42,000. EverSource Wealth Advisors LLC increased its position in shares of Silicon Laboratories by 66.7% during the first quarter. EverSource Wealth Advisors LLC now owns 225 shares of the semiconductor company's stock worth $47,000 after purchasing an additional 90 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of Silicon Laboratories by 37.3% in the 4th quarter. Global Retirement Partners LLC now owns 497 shares of the semiconductor company's stock worth $65,000 after purchasing an additional 135 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Silicon Laboratories during the 2nd quarter worth $99,000.

Silicon Laboratories Company Profile

Silicon Laboratories Inc is a fabless semiconductor company focused on wireless connectivity solutions for the Internet of Things (IoT). The company develops technologies that enable connected devices to communicate, sense, and operate efficiently across residential, commercial, industrial, and consumer applications.

Its product portfolio includes wireless system-on-chips, microcontrollers, modules, sensors, development kits, software, and development tools. Silicon Labs supports technologies and protocols such as Bluetooth, Wi-Fi, Zigbee, Thread, Matter, and proprietary sub-GHz wireless communications.

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