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

Key Points

• Consensus "Hold": Ten analysts cover Silicon Laboratories (1 sell, 8 hold, 1 buy) with an average 12‑month price objective of $167.78, well below the recent share price (~$211).
• Analyst views are mixed — Citigroup and RBC raised targets to $231 and $205 respectively, while Benchmark and Needham downgraded the stock and Weiss reiterated a "sell".
• Silicon Labs beat the quarter on EPS ($0.56 vs. $0.54) and revenue rose 25.3% YoY to $208.2M, but the company still reports a negative net margin and analysts expect negative full‑year EPS.

Silicon Laboratories, Inc. (NASDAQ:SLAB - Get Free Report) has received a consensus rating of "Hold" from the ten brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $167.7778.

A number of analysts have commented on the company. Benchmark downgraded Silicon Laboratories from a "buy" rating to a "hold" rating in a research report on Wednesday, February 4th. Royal Bank Of Canada upped their target price on Silicon Laboratories from $160.00 to $205.00 and gave the company a "sector perform" rating in a research note on Thursday, February 5th. Citigroup raised their target price on Silicon Laboratories from $135.00 to $231.00 and gave the stock a "neutral" rating in a research report on Friday, February 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Silicon Laboratories in a research note on Friday, March 27th. Finally, Needham & Company LLC cut shares of Silicon Laboratories from a "buy" rating to a "hold" rating in a research note on Wednesday, February 4th.

Insider Transactions at Silicon Laboratories

In other Silicon Laboratories news, Director Nina Richardson sold 1,355 shares of the firm's stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $149.00, for a total transaction of $201,895.00. Following the completion of the transaction, the director owned 8,543 shares in the company, valued at $1,272,907. This trade represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Silicon Laboratories

A number of hedge funds have recently modified their holdings of SLAB. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Silicon Laboratories during the third quarter worth $1,192,000. Azzad Asset Management Inc. ADV acquired a new stake in shares of Silicon Laboratories in the 3rd quarter valued at $924,000. Thrivent Financial for Lutherans boosted its stake in shares of Silicon Laboratories by 109.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 113,337 shares of the semiconductor company's stock valued at $14,862,000 after purchasing an additional 59,207 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Silicon Laboratories in the 3rd quarter worth about $568,000. Finally, Dynamic Technology Lab Private Ltd grew its holdings in shares of Silicon Laboratories by 255.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 7,030 shares of the semiconductor company's stock worth $922,000 after purchasing an additional 5,050 shares during the last quarter.

Silicon Laboratories Stock Performance

Shares of SLAB opened at $211.34 on Friday. The company has a 50-day simple moving average of $203.27 and a 200-day simple moving average of $158.40. The firm has a market capitalization of $6.97 billion, a P/E ratio of -106.20 and a beta of 1.45. Silicon Laboratories has a 52 week low of $84.05 and a 52 week high of $211.68.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last released its earnings results on Wednesday, February 4th. The semiconductor company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. Silicon Laboratories had a negative return on equity of 4.07% and a negative net margin of 8.27%.The business had revenue of $208.21 million for the quarter, compared to the consensus estimate of $207.63 million. During the same period last year, the business earned ($0.11) earnings per share. The firm's revenue for the quarter was up 25.3% compared to the same quarter last year. As a group, equities analysts forecast that Silicon Laboratories will post -0.97 earnings per share for the current year.

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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