Silicon Laboratories Inc. (NASDAQ:SLAB) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Silicon Laboratories Inc. (NASDAQ:SLAB - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eight ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $126.50.

SLAB has been the topic of several recent research reports. Needham & Company LLC reiterated a "buy" rating and issued a $150.00 price target on shares of Silicon Laboratories in a report on Wednesday, May 14th. Susquehanna raised their target price on Silicon Laboratories from $100.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 14th. Stifel Nicolaus lowered their target price on shares of Silicon Laboratories from $145.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Benchmark reaffirmed a "buy" rating and set a $160.00 price objective on shares of Silicon Laboratories in a research note on Tuesday, May 27th. Finally, Barclays dropped their price target on Silicon Laboratories from $120.00 to $80.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd.

Insider Activity at Silicon Laboratories

In other Silicon Laboratories news, Director Christy Wyatt sold 546 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $104.45, for a total transaction of $57,029.70. Following the transaction, the director now owns 8,492 shares of the company's stock, valued at approximately $886,989.40. This trade represents a 6.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Robert J. Conrad sold 1,172 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $130.00, for a total transaction of $152,360.00. Following the completion of the sale, the senior vice president now owns 15,972 shares in the company, valued at $2,076,360. This represents a 6.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,626 shares of company stock worth $1,509,319. Insiders own 1.60% of the company's stock.

Institutional Trading of Silicon Laboratories

Several large investors have recently bought and sold shares of SLAB. Quarry LP purchased a new stake in shares of Silicon Laboratories during the first quarter valued at $25,000. Jones Financial Companies Lllp lifted its position in Silicon Laboratories by 44.5% during the 4th quarter. Jones Financial Companies Lllp now owns 224 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 69 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new stake in Silicon Laboratories during the 1st quarter valued at about $34,000. UMB Bank n.a. increased its holdings in shares of Silicon Laboratories by 111.3% in the first quarter. UMB Bank n.a. now owns 336 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 177 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of Silicon Laboratories by 143.7% in the first quarter. Parallel Advisors LLC now owns 463 shares of the semiconductor company's stock worth $52,000 after purchasing an additional 273 shares during the last quarter.

Silicon Laboratories Stock Down 2.3%

SLAB stock opened at $137.87 on Friday. The company has a market cap of $4.49 billion, a PE ratio of -23.21 and a beta of 1.42. The business has a 50-day simple moving average of $113.61 and a 200 day simple moving average of $124.06. Silicon Laboratories has a 52 week low of $82.82 and a 52 week high of $160.00.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The semiconductor company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.01. The company had revenue of $177.71 million during the quarter, compared to analysts' expectations of $177.48 million. Silicon Laboratories had a negative return on equity of 10.46% and a negative net margin of 32.69%. Silicon Laboratories's revenue was up 67.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.92) EPS. On average, analysts anticipate that Silicon Laboratories will post -0.97 EPS for the current fiscal year.

Silicon Laboratories Company Profile

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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