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

Key Points

• Analysts have a consensus rating of "Hold" on Silicon Laboratories (1 sell, 8 hold, 1 buy) with an average 12‑month price target of $167.78, well below the current share price (~$218).
• In the latest quarter SLAB reported $0.53 EPS (beating $0.49 est.) and revenue up 20.1% YoY to $213.5M (slightly under estimates), but the company still shows a negative net margin (-8.27%) and negative ROE (-4.07%).
• Shares are trading near their 52‑week high (opened $218.27) with a market cap of $7.2B, a 50‑day SMA of $208.46 versus a 200‑day SMA of $167.51, and a negative trailing P/E of -109.68.

Silicon Laboratories, Inc. (NASDAQ:SLAB - Get Free Report) has been given a consensus recommendation of "Hold" by the ten brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $167.7778.

Several brokerages have recently weighed in on SLAB. Benchmark downgraded shares of Silicon Laboratories from a "buy" rating to a "hold" rating in a research report on Wednesday, February 4th. Citigroup increased their target price on shares of Silicon Laboratories from $135.00 to $231.00 and gave the company a "neutral" rating in a research report on Friday, February 6th. Royal Bank Of Canada boosted their price target on shares of Silicon Laboratories from $160.00 to $205.00 and gave the company a "sector perform" rating in a research report on Thursday, February 5th. Weiss Ratings restated a "sell (d-)" rating on shares of Silicon Laboratories in a research note on Friday, March 27th. Finally, KeyCorp lowered Silicon Laboratories from an "overweight" rating to a "hold" rating in a report on Wednesday, February 4th.

Silicon Laboratories Stock Performance

Shares of NASDAQ SLAB opened at $218.27 on Wednesday. The stock's 50-day simple moving average is $208.46 and its 200-day simple moving average is $167.51. The firm has a market capitalization of $7.20 billion, a PE ratio of -109.68 and a beta of 1.40. Silicon Laboratories has a fifty-two week low of $102.82 and a fifty-two week high of $218.68.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.04. The firm had revenue of $213.50 million during the quarter, compared to the consensus estimate of $214.02 million. Silicon Laboratories had a negative return on equity of 4.07% and a negative net margin of 8.27%.The firm's quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.08) earnings per share. On average, sell-side analysts forecast that Silicon Laboratories will post 0.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Vident Advisory LLC grew its position in Silicon Laboratories by 2.5% during the 4th quarter. Vident Advisory LLC now owns 3,018 shares of the semiconductor company's stock worth $394,000 after purchasing an additional 74 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Silicon Laboratories by 43.9% in the third quarter. UMB Bank n.a. now owns 282 shares of the semiconductor company's stock valued at $37,000 after buying an additional 86 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Silicon Laboratories by 45.7% in the third quarter. EverSource Wealth Advisors LLC now owns 274 shares of the semiconductor company's stock valued at $36,000 after buying an additional 86 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Silicon Laboratories by 2.9% during the fourth quarter. Bank of Montreal Can now owns 3,355 shares of the semiconductor company's stock worth $438,000 after buying an additional 96 shares during the period. Finally, State of Michigan Retirement System boosted its stake in shares of Silicon Laboratories by 1.3% during the first quarter. State of Michigan Retirement System now owns 7,897 shares of the semiconductor company's stock worth $1,644,000 after buying an additional 100 shares during the period.

About Silicon Laboratories

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.

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