Silicon Laboratories, Inc. (NASDAQ:SLAB) Receives $139.00 Consensus Target Price from Brokerages

Key Points

• Silicon Laboratories, Inc. has received a consensus rating of "Moderate Buy" from eight brokerages, with an average twelve-month price target set at $139.00.
• KeyCorp recently raised its price objective for Silicon Laboratories from $160.00 to $180.00 and maintained an "overweight" rating, reflecting positive sentiment among analysts.
• The company reported a revenue increase of 67.0% year-over-year for its last quarter, although it still posted a loss with ($0.08) earnings per share.

Silicon Laboratories, Inc. (NASDAQ:SLAB - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $151.1250.

SLAB has been the subject of a number of research reports. KeyCorp boosted their price target on Silicon Laboratories from $160.00 to $180.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Morgan Stanley reduced their price objective on Silicon Laboratories from $157.00 to $144.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Barclays boosted their price objective on Silicon Laboratories from $100.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Susquehanna boosted their price target on Silicon Laboratories from $110.00 to $150.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $150.00 price target on shares of Silicon Laboratories in a research note on Wednesday, May 14th.

Silicon Laboratories Price Performance

Silicon Laboratories stock traded down $0.40 during mid-day trading on Monday, hitting $123.36. 243,725 shares of the company were exchanged, compared to its average volume of 412,354. The business's 50 day simple moving average is $138.57 and its two-hundred day simple moving average is $128.26. The company has a market capitalization of $4.02 billion, a P/E ratio of -38.24 and a beta of 1.48. Silicon Laboratories has a 12-month low of $82.82 and a 12-month high of $160.00.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.02. Silicon Laboratories had a negative return on equity of 7.21% and a negative net margin of 14.88%. The business had revenue of $192.85 million for the quarter, compared to analysts' expectations of $192.57 million. During the same quarter last year, the firm earned ($0.56) earnings per share. The business's revenue was up 32.6% on a year-over-year basis. Equities research analysts predict that Silicon Laboratories will post -0.97 earnings per share for the current year.

Insider Activity at Silicon Laboratories

In other Silicon Laboratories news, CEO Robert Matthew Johnson sold 5,879 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $131.20, for a total value of $771,324.80. Following the completion of the transaction, the chief executive officer owned 73,688 shares in the company, valued at approximately $9,667,865.60. This represents a 7.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Robert J. Conrad sold 4,029 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $131.20, for a total value of $528,604.80. Following the completion of the transaction, the senior vice president directly owned 25,380 shares of the company's stock, valued at $3,329,856. This trade represents a 13.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,080 shares of company stock valued at $1,452,290 over the last ninety days. Corporate insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On Silicon Laboratories

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SLAB. Sei Investments Co. grew its holdings in Silicon Laboratories by 9.8% in the 4th quarter. Sei Investments Co. now owns 13,821 shares of the semiconductor company's stock worth $1,717,000 after buying an additional 1,229 shares in the last quarter. LPL Financial LLC lifted its position in Silicon Laboratories by 36.6% in the fourth quarter. LPL Financial LLC now owns 30,942 shares of the semiconductor company's stock worth $3,994,000 after purchasing an additional 8,289 shares during the period. JPMorgan Chase & Co. lifted its position in Silicon Laboratories by 50.8% in the fourth quarter. JPMorgan Chase & Co. now owns 159,982 shares of the semiconductor company's stock worth $19,873,000 after purchasing an additional 53,890 shares during the period. Norges Bank acquired a new stake in Silicon Laboratories in the fourth quarter worth approximately $34,622,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Silicon Laboratories in the fourth quarter worth approximately $214,000.

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.