Silicon Laboratories Inc. (NASDAQ:SLAB - Get Free Report) traded up 6.4% during trading on Thursday . The stock traded as high as $121.62 and last traded at $121.58. 77,753 shares traded hands during trading, a decline of 76% from the average session volume of 319,983 shares. The stock had previously closed at $114.26.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Needham & Company LLC upgraded shares of Silicon Laboratories from a "hold" rating to a "buy" rating and set a $150.00 target price for the company in a research note on Thursday. TD Cowen reduced their price target on Silicon Laboratories from $155.00 to $145.00 and set a "buy" rating for the company in a research note on Thursday. Barclays decreased their price target on shares of Silicon Laboratories from $140.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Thursday. Summit Insights lowered shares of Silicon Laboratories from a "buy" rating to a "hold" rating in a research report on Wednesday. Finally, Citigroup cut their price objective on shares of Silicon Laboratories from $137.00 to $120.00 and set a "neutral" rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Silicon Laboratories currently has an average rating of "Hold" and a consensus price target of $135.00.
View Our Latest Stock Analysis on SLAB
Silicon Laboratories Trading Up 4.1 %
The business's 50 day moving average price is $134.38 and its two-hundred day moving average price is $122.12. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of -105.25 and a beta of 1.27.
Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The semiconductor company reported ($1.34) EPS for the quarter, missing analysts' consensus estimates of ($1.29) by ($0.05). Silicon Laboratories had a negative net margin of 4.41% and a positive return on equity of 0.97%. The firm had revenue of $106.38 million during the quarter, compared to the consensus estimate of $104.45 million. Analysts expect that Silicon Laboratories Inc. will post -1.66 EPS for the current year.
Institutional Trading of Silicon Laboratories
A number of hedge funds have recently made changes to their positions in SLAB. L. Roy Papp & Associates LLP raised its holdings in Silicon Laboratories by 1.2% in the 4th quarter. L. Roy Papp & Associates LLP now owns 9,920 shares of the semiconductor company's stock valued at $1,312,000 after buying an additional 120 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in Silicon Laboratories by 20.0% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 733 shares of the semiconductor company's stock valued at $85,000 after acquiring an additional 122 shares during the period. Global Retirement Partners LLC raised its stake in shares of 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 acquiring an additional 122 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Silicon Laboratories by 6.9% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,431 shares of the semiconductor company's stock worth $322,000 after purchasing an additional 157 shares during the period. Finally, CWM LLC grew its stake in shares of Silicon Laboratories by 78.1% in the fourth quarter. CWM LLC now owns 374 shares of the semiconductor company's stock worth $49,000 after purchasing an additional 164 shares during the last quarter.
About Silicon Laboratories
(
Get Free Report)
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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