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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Silicon Laboratories in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SLAB shares.
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10 equities research analysts have issued 1 year price objectives for Silicon Laboratories' stock. Their SLAB share price targets range from $100.00 to $200.00. On average, they expect the company's share price to reach $152.88 in the next twelve months. This suggests a possible upside of 40.1% from the stock's current price.
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Silicon Laboratories' stock was trading at $135.67 on January 1st, 2023. Since then, SLAB stock has decreased by 19.6% and is now trading at $109.08.
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Silicon Laboratories saw a decline in short interest in 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 volume of 472,100 shares, the days-to-cover ratio is currently 3.0 days. Currently, 4.5% of the shares of the stock are short sold.
View Silicon Laboratories' Short Interest.

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 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.26. The semiconductor company earned $203.76 million during the quarter, compared to analysts' expectations 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 issued an update on its fourth quarter earnings guidance on Wednesday, November, 1st. The company provided EPS guidance of ($1.66)-($1.22) for the period, compared to the consensus 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 many different retail and institutional investors. Top institutional shareholders 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, Daniel Mark Thompson, 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.
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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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