Silicon Laboratories (NASDAQ:SLAB) Hits New 52-Week High - Time to Buy?

Key Points

• Silicon Labs hit a new 52-week high of $211.72 (last $211.37) on Monday with ~33,185 shares traded, trading well above its 50‑day ($203.27) and 200‑day ($158.77) moving averages.
• The analyst landscape has shifted toward caution — the consensus rating is "Hold" with a $167.78 consensus price target, though Citigroup recently raised its target to $231 (neutral).
• In the latest quarter revenue rose 25.3% year‑over‑year and EPS beat by $0.02 ($0.56), but the company still reported a negative net margin (-8.27%) and negative ROE, and analysts forecast -0.97 EPS for the current fiscal year.

Silicon Laboratories, Inc. (NASDAQ:SLAB - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $211.72 and last traded at $211.37, with a volume of 33185 shares traded. The stock had previously closed at $211.22.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SLAB shares. KeyCorp cut shares of Silicon Laboratories from an "overweight" rating to a "hold" rating in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Silicon Laboratories in a research note on Friday, March 27th. Benchmark cut shares of Silicon Laboratories from a "buy" rating to a "hold" rating in a research note on Wednesday, February 4th. Citigroup lifted their price objective on shares of Silicon Laboratories from $135.00 to $231.00 and gave the stock a "neutral" rating in a research note on Friday, February 6th. 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. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $167.78.

Silicon Laboratories Price Performance

The firm's fifty day simple moving average is $203.27 and its 200 day simple moving average is $158.77. The company has a market capitalization of $6.98 billion, a price-to-earnings ratio of -106.34 and a beta of 1.45.

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

Insider Activity at Silicon Laboratories

In related news, Director Nina Richardson sold 1,355 shares of the firm's stock in a transaction that occurred on 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 sale, the director directly owned 8,543 shares in the company, valued at approximately $1,272,907. This trade represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company's stock.

Institutional Trading of Silicon Laboratories

Institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new stake in shares of Silicon Laboratories during the fourth quarter worth approximately $32,000. First Horizon Corp acquired a new stake in Silicon Laboratories in the third quarter valued at approximately $35,000. EverSource Wealth Advisors LLC lifted its stake in 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 acquiring an additional 86 shares during the last quarter. Covestor Ltd lifted its stake in Silicon Laboratories by 260.3% in the fourth quarter. Covestor Ltd now owns 281 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 203 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in 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 acquiring an additional 86 shares during the last quarter.

Silicon Laboratories Company Profile

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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