Silicon Laboratories (NASDAQ:SLAB) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Shares of Silicon Laboratories passed above its 200-day moving average, trading as high as $215.96 and last at $215—well above the 200‑day MA of $165.05, indicating a technical breakout.
• Wall Street sentiment is cautious: analysts have mostly downgraded to Holds and the consensus rating is Hold with an average target of $167.78, notably below the current stock price.
• The company beat quarterly estimates (EPS $0.56 vs. $0.54; revenue $208.21M vs. $207.63M) with revenue up 25.3% year‑over‑year, though it still reports a negative net margin and return on equity.

Shares of Silicon Laboratories, Inc. (NASDAQ:SLAB - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $165.05 and traded as high as $215.96. Silicon Laboratories shares last traded at $215.00, with a volume of 549,844 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SLAB. KeyCorp downgraded Silicon Laboratories from an "overweight" rating to a "hold" rating in a research report on Wednesday, February 4th. Benchmark lowered Silicon Laboratories from a "buy" rating to a "hold" rating in a research note on Wednesday, February 4th. Citigroup lifted their price objective on Silicon Laboratories from $135.00 to $231.00 and gave the stock a "neutral" rating in a research report on Friday, February 6th. Royal Bank Of Canada boosted their target price on shares of Silicon Laboratories from $160.00 to $205.00 and gave the company a "sector perform" rating in a research note on Thursday, February 5th. Finally, Needham & Company LLC lowered shares of Silicon Laboratories from a "buy" rating to a "hold" rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $167.78.

Silicon Laboratories Stock Performance

The company has a fifty day simple moving average of $207.50 and a two-hundred day simple moving average of $165.05. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of -108.04 and a beta of 1.45.

Silicon Laboratories (NASDAQ:SLAB - Get Free Report) last issued its quarterly 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. The company had revenue of $208.21 million for the quarter, compared to analyst estimates of $207.63 million. Silicon Laboratories had a negative return on equity of 4.07% and a negative net margin of 8.27%.The business's revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.11) EPS. As a group, analysts expect that Silicon Laboratories, Inc. will post 0.71 EPS for the current year.

Institutional Trading of Silicon Laboratories

A number of hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new position in shares of Silicon Laboratories during the 4th quarter worth about $32,000. First Horizon Corp acquired a new stake in shares of Silicon Laboratories in the third quarter worth approximately $35,000. EverSource Wealth Advisors LLC grew its holdings 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 purchasing an additional 86 shares during the period. Covestor Ltd increased its position in Silicon Laboratories by 260.3% during the fourth quarter. Covestor Ltd now owns 281 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 203 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Silicon Laboratories by 43.9% during the third quarter. UMB Bank n.a. now owns 282 shares of the semiconductor company's stock worth $37,000 after purchasing 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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