Silicon Laboratories Stock Price, News & Analysis (NASDAQ:SLAB)

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Silicon Laboratories in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SLAB shares.
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9 analysts have issued 1-year price targets for Silicon Laboratories' stock. Their SLAB share price targets range from $100.00 to $200.00. On average, they predict the company's stock price to reach $149.71 in the next twelve months. This suggests a possible upside of 27.2% from the stock's current price.
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Silicon Laboratories' stock was trading at $135.67 at the beginning of the year. Since then, SLAB shares have decreased by 13.3% and is now trading at $117.67.
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Silicon Laboratories saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 1,400,000 shares, a decline of 17.2% from the October 31st total of 1,690,000 shares. Based on an average daily trading volume, of 472,100 shares, the short-interest ratio is presently 3.0 days. Approximately 4.5% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024.
View our SLAB earnings forecast.

Silicon Laboratories Inc. (NASDAQ:SLAB) posted its quarterly earnings results on Wednesday, November, 1st. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.26. The semiconductor company had revenue of $203.76 million for the quarter, compared to analyst estimates of $201.02 million. Silicon Laboratories had a net margin of 6.36% and a trailing twelve-month return on equity of 6.70%.

ETFs with the largest weight of Silicon Laboratories (NASDAQ:SLAB) stock in their portfolio include Global X Internet of Things Thematic ETF (SNSR), SPDR S&P Semiconductor ETF (XSD), Invesco Semiconductors ETF (PSI), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Harbor Corporate Culture Leaders ETF (HAPY), Columbia Seligman Semiconductor and Technology ETF (SEMI), American Century Quality Convertible Securities ETF (QCON) and Syntax Stratified MidCap ETF (SMDY).

Silicon Laboratories updated its fourth quarter earnings guidance on Wednesday, November, 1st. The company provided earnings per share guidance of ($1.66)-($1.22) for the period, compared to the consensus earnings per share estimate of $0.67. The company issued revenue guidance of $70-100 million, compared to the consensus revenue estimate of $206.51 million.

107 employees have rated Silicon Laboratories Chief Executive Officer Tyson Tuttle on Glassdoor.com. Tyson Tuttle has an approval rating of 99% among the company's employees. This puts Tyson Tuttle in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Silicon Laboratories investors own include NVIDIA (NVDA), Micron Technology (MU), Intel (INTC), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Skyworks Solutions (SWKS), DocuSign (DOCU), Broadcom (AVGO) and Cisco Systems (CSCO).

Silicon Laboratories' stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (15.04%), Invesco Ltd. (1.92%), Van Berkom & Associates Inc. (1.80%), Wellington Management Group LLP (1.70%), Loomis Sayles & Co. L P (1.64%) and Federated Hermes Inc. (1.52%). Insiders that own company stock include Brandon Tolany, Christy Wyatt, Jack R Lazar, Jack R Lazar, Mark D Mauldin, Navdeep S Sooch, Nina Richardson, Robert Matthew Johnson, Sumit Sadana, William G Bock and William G Bock.
View institutional ownership trends.

Shares of SLAB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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